Fedbank Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot
FEDFINA · price
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Fedbank Financial Services Limited (Fedfina) is seeking shareholder approval via postal ballot for material related party transactions with Federal Bank Limited, its holding company, for FY 2026-27. The transaction involves multiple arrangements: funded and non-funded facilities (loans, advances, guarantees) up to Rs. 1,500 crore (~67% of FY25-26 turnover of Rs. 2,227 crore), loan securitization/assignment up to Rs. 1,000 crore (~45% of turnover), co-lending for LAP/Gold loans, NCD issuance, and other banking services. Interest and processing fees are capped at Rs. 150 crore and Rs. 40 crore respectively. The company states all transactions will be at arm's length and in ordinary course of business. E-voting runs from May 11 to June 9, 2026.
Shareholders are requested to approve routine related party transactions with the holding company. Since these exceed materiality thresholds under SEBI regulations, prior shareholder approval is mandatory. The transactions are standard banking arrangements that enable Fedfina to access funding and liquidity from its parent.