Fedbank Financial Services Limited has submitted the Exchange a copy voting results alongwith Srutinizers report of Postal Ballot
FEDFINA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fedbank Financial Services Limited (FEDFINA) submitted the results of a postal ballot concluded on June 11, 2025, for approving material related party transactions with Federal Bank Limited (its promoter) for FY 2025-26. Out of 372.72 crore total shares, 73.95 lakh shares (19.83%) were voted, with 99.96% in favour and only 0.04% against. The promoter group, which holds 22.74 crore shares (~61%), abstained from voting as it is an interested party. Public institutional investors voted overwhelmingly in support (100% in favour on 83.83% polling), while public non-institutional shareholders also backed the resolution with 98.73% in favour. The resolution was deemed passed.
This is a routine regulatory approval enabling FEDFINA to transact with its parent Federal Bank during FY26, so no material price impact is expected. The near-unanimous support from institutional investors signals strong confidence in the related-party arrangement.