The Federal Bank Limited has informed the Exchange regarding Notice of Postal Ballot
FEDERALBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Federal Bank has issued a postal ballot notice for shareholder approval on three ordinary resolutions. First, the re-appointment of Mr. Harsh Dugar as Executive Director (Whole-time Director) for three years from June 23, 2026 to June 22, 2029, already approved by RBI in March 2026. His total compensation package is Rs. 4.50 crore (fixed pay Rs. 2 crore plus variable pay Rs. 2.50 crore with deferrals). Second, payment of Rs. 76.71 lakh variable pay (cash component) to Mr. Shyam Srinivasan, former MD & CEO who retired in September 2024 after a 14-year distinguished tenure. Third, payment of Rs. 25 lakh variable pay (cash component) to Ms. Shalini Warrier, former Executive Director, for FY 2024-25. Both variable pay proposals have received RBI approval. Voting period runs from May 6 to June 4, 2026.
All three resolutions are routine in nature, have received RBI and board approvals, and are expected to pass. The re-appointment ensures leadership continuity at the bank. No material impact on stock price is anticipated.