Notice of Postal Ballot and Remote E-Voting
FEDFINA · price
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Fedbank Financial Services (Fedfina) is seeking shareholder approval via postal ballot for material related party transactions with its holding company, Federal Bank Limited, for FY 2026-27. The company proposes to avail funded and non-funded facilities (loans, credit, guarantees) up to Rs 1,500 crore (67% of its Rs 2,227 crore turnover), undertake loan securitization/assignment up to Rs 1,000 crore (45% of turnover), and engage in co-lending, NCD issuances, and other services with Federal Bank. Interest payments could be up to Rs 150 crore and processing fees up to Rs 40 crore. All transactions must be at arm's length and in ordinary course of business. A similar approval was obtained for FY 2025-26. Voting period runs from May 11 to June 9, 2026.
Shareholders should note this is a routine renewal of banking relationship with the parent company. The large transaction limits reflect normal funding operations and securitization activities. No immediate impact on stock price expected as transactions are arm's length and disclosed.