The Federal Bank Limited has informed the Exchange regarding Change in Auditors of the company.
FEDERALBNK · price
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Awaiting price reaction for this filing.
The Federal Bank's Board, at its meeting on June 30, 2025, recommended appointing M/s SEP & Associates, Practicing Company Secretaries, as the Bank's Secretarial Auditors for five financial years (FY 2025-26 to FY 2029-30). The appointment is subject to shareholder approval and is made in compliance with SEBI LODR Regulation 24A and Section 204 of the Companies Act, 2013. The remuneration will be mutually agreed between the Bank and the auditor. Further disclosures will be submitted after shareholder approval. This is a routine regulatory compliance matter related to the appointment of a secretarial auditor, not the statutory financial auditor.
This is a routine, regulatory-driven appointment of a secretarial auditor and is unlikely to have any material impact on the stock price or shareholder value. No concerns or red flags are evident from the filing.