Fedbank Financial Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2025. Further, the company has informed the Exchange regarding voting results.
FEDFINA · price
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Fedbank Financial Services held its Annual General Meeting on September 29, 2025, via video conferencing, with about 80% of outstanding shares participating in the voting. All 9 resolutions were passed with overwhelming majority, most receiving over 99.99% support. Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Shyam Srinivasan as director, and appointment of M/s DKJ & Associates as secretarial auditors. Notably, shareholders approved expanding the company's borrowing limit up to Rs. 18,000 crores, raising up to Rs. 2,500 crores through Non-Convertible Debentures on private placement, securitising receivables up to Rs. 10,000 crores, and creating charges on company assets to secure borrowings. Amendments to both the 2018 and 2024 ESOP schemes were also approved. Total shareholders on record date (September 22, 2025) stood at 1,30,607.
The approved resolutions significantly expand Fedbank Financial's capital-raising toolkit, with a Rs. 18,000 crore borrowing ceiling and Rs. 2,500 crore NCD issuance window enabling aggressive loan book growth, though it also signals rising leverage. The near-unanimous approval across all resolutions, including ESOP amendments, reflects strong shareholder confidence and minimal dissent.