Equitas Small Finance Bank Limited has informed the Exchanges regarding the Notice of the 9th AGM and Annual report for the Financial year 2024-2025
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Equitas Small Finance Bank has notified the exchanges that its 9th AGM will be held on Wednesday, September 10, 2025 at 11:00 AM IST via video conferencing. The cut-off date for e-voting eligibility is September 3, 2025, and remote e-voting will run from September 7 (9:00 AM) to September 9, 2025 (5:00 PM). Key items on the agenda include adoption of FY25 audited financials, re-appointment of Mr. Vasudevan P N as Director (retiring by rotation), fixing Joint Statutory Auditors' remuneration up to Rs. 1.13 crore for FY26, and approval of Mr. Vasudevan P N's remuneration as MD & CEO (Fixed Pay Rs. 2.64 crore + Variable Pay Rs. 3.56 crore, with 2/3 of variable pay via ESOPs). Shareholders will also consider appointing M/s. Shanmugam Rajendran & Associates LLP as Secretarial Auditor for 5 years (FY26–FY30) and re-appointing Mr. Ramesh Rangan as Independent Director for a second term of 3 years. A special resolution seeks approval to raise up to Rs. 1,000 crore through Redeemable Unsecured Non-Convertible Debentures on a private placement basis for augmenting Tier-II capital and general corporate purposes.
The annual report and AGM notice keep shareholders informed ahead of voting; the proposed Rs. 1,000 crore Tier-II NCD issuance is a capital-raising move that may modestly impact future interest costs but supports business growth. Approval of MD & CEO remuneration and director re-appointments are standard governance items, with the ESOP-linked variable pay tying compensation to performance.