The Federal Bank Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 29, 2025
FEDERALBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Federal Bank held its 94th AGM on August 29, 2025, via video conferencing, where all 10 resolutions were passed. Shareholders approved the audited financial statements for FY25 (99.95% in favor) and a final dividend of Rs.1.20 per share (60% on face value of Rs.2) for FY24-25 (99.99% in favor). Director-related resolutions passed comfortably, including re-appointment of Executive Director Harsh Dugar (98.46%) and appointment of Venkatraman Venkateswaran as Executive Director (99.61%). Three capital-raising resolutions also passed: issuance of bonds (99.39%), Tier-1 capital securities (99.76%), and adoption of ESOP 2025 (99.38%). The Employee Stock Incentive Scheme 2025 (ESIS) saw notable dissent at 16.61% votes against, despite passing with 83.39% in favor. Total shareholders on record date were 874,601, with 282 public shareholders attending via VC.
Shareholders will receive a final dividend of Rs.1.20 per share for FY25. Approvals for bond issuance and Tier-1 capital raise give the bank flexibility to strengthen its capital base, which is positive for growth but may lead to future dilution or higher interest costs. The significant opposition (16.6%) to the ESIS 2025 suggests some institutional investor discomfort with the broader employee incentive scheme.