Intimation under Regulations 30 and 51 of SEBI (LODR) Regulations, 2015- Resignation of a Nominee Director
FEDFINA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Maninder Singh Juneja has resigned as Nominee Director of Fedbank Financial Services Ltd effective May 14, 2026. He was representing True North Fund VI LLP on the board. The resignation follows True North Fund VI LLP selling its entire residual stake in the company. Mr. Juneja has confirmed there are no other material reasons for his resignation beyond the stake sale. He will also cease as member or chairperson of all board committees he was part of.
The exit of True North Fund VI LLP as a shareholder has resulted in their nominee director stepping down. This represents a change in the company's ownership structure and board composition, which investors should monitor for any impact on corporate governance or strategic direction.