The Federal Bank Limited has informed the Exchange regarding Notice of 94th Annual General Meeting of the Bank to be held on August 29, 2025 and Integrated Annual Report for FY 2024-25
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The Federal Bank has announced its 94th AGM will be held on Friday, August 29, 2025, at 11 AM via video conferencing. The record date is August 22, 2025, and the register of members will be closed from August 23 to August 29, 2025. Shareholders will vote on adopting FY25 financial statements, approving a final dividend of Rs. 1.20 per share (60% on face value of Rs. 2). Key special business items include re-appointing Independent Director Ms. Varsha Purandare, appointing Mr. Venkatraman Venkateswaran as Executive Director with Rs. 1.80 crore annual fixed pay, raising up to Rs. 6,000 crore via bonds, raising up to Rs. 8,000 crore through equity or convertible securities, and adopting new ESOS 2025 and Employee Stock Incentive Scheme 2025 covering 1% of paid-up equity.
Shareholders on record by August 22, 2025 will be eligible for the final dividend and AGM e-voting. The proposed Rs. 14,000 crore combined fund-raising (bonds plus equity) signals significant capital expansion plans, which could dilute existing shareholders depending on the route chosen (QIP, rights, etc.). The ESOS 2025 also represents a potential further dilution of around 1% for employees.