Fino Payments Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026.

The Board of Fino Payments Bank met on March 26, 2026 and decided to withdraw agenda item no. 2 of the ongoing Postal Ballot notice, which sought shareholder approval for the re-appointment of Mr. Rishi Gupta as Managing Director and CEO for three years from May 2, 2026 to May 1, 2029. This decision comes in the backdrop of Mr. Gupta's recent arrest, the dismissal of his writ petition by the Telangana High Court, and his subsequent grant of bail in a case related to certain program managers associated with multiple banks (the Bank clarifies this does not relate to its GST compliance). The Bank states Mr. Gupta's candidature for re-appointment remains unaffected, and the item will be re-tabled at an appropriate time subject to RBI views, NRC reassessment, and regulatory compliance. Votes already cast on resolution no. 2 will be treated as null and void, and the e-voting result for agenda no. 1 (remuneration for FY 2024-25) will be declared by March 31, 2026. The Bank emphasized that operations remain stable and uninterrupted.