The Federal Bank Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
FEDERALBNK · price
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The Federal Bank held its 94th AGM on August 29, 2025, via video conferencing, chaired by Independent Director A P Hota and attended by 282 shareholders. Ten resolutions were put to vote, including adoption of FY25 audited financial statements and a final dividend of Rs. 1.20 (60%) per share of Rs. 2 face value. Key special business items include approval to raise funds through bonds, raise Tier-1 capital via securities, and adopt two new employee stock schemes (ESOS 2025 and ESIS 2025). E-voting results will be announced within the regulatory timeline; auditors' reports carried no qualifications.
The Rs. 1.20 dividend reinforces shareholder returns, while the bond issuance and Tier-1 capital raising proposals signal plans to strengthen the bank's capital base, potentially dilutive or debt-creating. New ESOP/ESIS schemes may lead to future equity dilution but align employee incentives with shareholders.