Fedbank Financial Services Limited has informed the Exchange about Resignation of Director/KMP/SMP
FEDFINA · price
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Maninder Singh Juneja, Nominee Director representing True North Fund VI LLP, has resigned from the Board of Fedbank Financial Services Limited with effect from May 14, 2026. The resignation follows True North's sale of its entire remaining shareholding in the Company. He will also cease to be a member or chairperson of all Board Committees he was associated with. The director has confirmed there are no material reasons for his departure other than the PE fund's exit. This marks True North's complete exit from Fedfina's shareholder base.
The exit of True North, a private equity investor, removes a significant institutional shareholder from Fedfina. Investors should monitor for new nominee appointments and any changes in the Company's strategic direction or governance structure as a result of this exit.