The Federal Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 30, 2025.
FEDERALBNK · price
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The Federal Bank's Board met on June 30, 2025 and approved four key items to be placed before shareholders at the upcoming AGM. The Board recommended re-appointment of Mrs. Varsha Vasant Purandare as Independent Director for a second term of three years effective September 08, 2025. It also approved the appointment of M/s SEP & Associates as Secretarial Auditors for five financial years from FY 2025-26 to FY 2029-30. The Board cleared a proposal to raise equity capital through any permissible mode such as rights issue, private placement, preferential issue, FPO, QIP, GDR, ADR, or FCCB. Separately, the Board approved raising up to Rs. 6,000 crore through debt instruments including AT1 bonds, Tier II bonds, Masala Bonds, Green bonds, and non-convertible debentures in domestic and/or overseas markets.
The dual equity and debt capital raising plan signals balance sheet expansion to support future loan growth, though near-term dilution risk depends on the mode finally chosen. The Rs. 6,000 crore debt raise could modestly impact Tier 1 capital ratios and interest costs if AT1 bonds are issued at current rates.