Fino Payments Bank Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Awaiting price reaction for this filing.
Fino Payments Bank has announced the results of a postal ballot conducted via e-voting from April 19 to May 18, 2025, for the re-appointment of Mrs. Deena Asit Mehta (DIN:00168992) as an Independent Director for a second term. The special resolution was passed with overwhelming support, with 94.77% of votes (2,38,73,220 shares) in favor and only 5.23% (13,18,752 shares) against. Out of 8.32 crore total shares, about 30.27% were polled, with promoters voting 100% in favor, public institutions split (61.5% in favor), and public non-institutions nearly unanimous (99.16% in favor). The scrutinizer, M/s Kaushik Joshi & Co., certified the resolution as passed with the requisite majority.
This is a routine corporate governance filing confirming the re-appointment of an independent director with strong shareholder backing. It is unlikely to have any meaningful impact on the stock price, as the outcome was widely expected and the approval margin was very wide.