Fedbank Financial Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Fedbank Financial Services Limited held its 30th AGM on September 29, 2025, via video conferencing from 12:00 noon to 12:48 pm, with 50 members attending. The Non-Executive Chairman, Mr. Shyam Srinivasan, chaired the meeting, and MD & CEO Mr. Parvez Mulla addressed shareholder queries. Shareholders considered nine resolutions, including adoption of FY25 audited financial statements, re-appointment of Mr. Shyam Srinivasan as a director (retiring by rotation), and appointment of M/s. DKJ & Associates as Secretarial Auditors. Key special resolutions approved (voting results pending) included: raising borrowing limits up to ₹18,000 crore, allowing securitisation/sale of receivables up to ₹10,000 crore, creating charges on company assets, issuing fresh non-convertible debentures up to ₹2,500 crore on private placement, and amendments to the ESOP Schemes of 2018 and 2024. E-voting remained open for 15 minutes post-meeting, with M/s. DKJ & Associates acting as scrutinisers.
The resolutions signal management's intent to significantly scale up borrowings and securitisation activity (up to ₹28,000 crore combined), which is typical for a growing NBFC but increases leverage. The ESOP amendments could dilute existing shareholders if expanded, and the NCD issuance plan points to continued fundraising for business expansion.