Fino Payments Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
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Fino Payments Bank has called its 9th AGM on Friday, August 29, 2025 at 12:00 noon, to be held via video conferencing. Shareholders will vote on adopting FY25 audited financials and re-appointing MD & CEO Rishi Gupta, who retires by rotation. A key item is the change of Statutory Central Auditors — M/s Bilimoria Mehta & Co will replace M/s A P Sanzgiri & Co for a 3-year term (9th to 12th AGM) at annual fees of ₹67 lakh for FY26, already approved by RBI. Other items include re-appointing Independent Director Rajat Kumar Jain for 3 more years (Nov 2025 to Nov 2028) and appointing M/s Alwyn Jay & Co as Secretarial Auditors for 5 years. Shareholder approval is also sought for fixed remuneration of up to ₹10 lakh per Independent Director and up to ₹15 lakh for the Part-time Chairperson for FY26. The bank noted it has not declared any dividend in any preceding year.
Routine AGM agenda with no major surprises. The auditor change is a normal rotation under RBI guidelines and the director remuneration proposals are modest. The absence of a dividend declaration continues — shareholders should review the FY25 annual report for actual financial performance when it becomes available on the bank's website.