The Federal Bank Limited has informed the Exchange about change in Management
FEDERALBNK · price
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At its 94th Annual General Meeting on August 29, 2025, Federal Bank shareholders approved several board-level changes. Mr. Harsh Dugar was re-appointed as Executive Director via retirement by rotation. Mr. Venkatraman Venkateswaran was appointed as a new Executive Director on the board (he has already been serving in this role since July 10, 2025). Ms. Varsha Vasant Purandare was re-appointed as Independent Director for a second three-year term from September 8, 2025 to September 7, 2028. Additionally, M/s SEP & Associates were appointed as Secretarial Auditors for a five-year period from FY 2025-26 to FY 2029-30. None of the directors are debarred by SEBI or any other authority.
These are routine governance updates with no negative implications — continuity is maintained on the board with experienced executives and a re-appointed independent director. Shareholders are unlikely to see any material impact on the stock from this disclosure.