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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Fino Payments Bank shareholders have approved, via postal ballot, the payment of remuneration to Mr. Rishi Gupta (Managing Director and CEO) for FY 2024-25 through a special resolution. Out of 2.18 crore valid votes polled, 99.65% (2,17,63,598 votes from 147 members) were in favor and only 0.35% (77,247 votes from 50 members) were against. The promoter group and public institutional investors voted 100% in favor, while public non-institutional investors largely dissented with 90.22% voting against (though they represent a very small share of total votes, only 0.47% of outstanding shares). The original Resolution No. 2 on the re-appointment of Mr. Rishi Gupta was withdrawn via an addendum dated March 26, 2026, and was not put to vote. The scrutinizer was M/s Kaushik Joshi & Co., Company Secretaries.
This is largely a routine governance item covering remuneration for a past financial year, so minimal direct impact on the stock is expected. However, the withdrawal of the re-appointment resolution may signal internal board-level changes or reconsideration regarding the CEO's continuation, which shareholders may want to monitor for further updates.