RBL Bank Limited has informed the Exchange regarding Notice of Postal Ballot
RBLBANK · price
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RBL Bank has issued a Postal Ballot Notice seeking shareholder approval for two ordinary resolutions related to executive remuneration. Resolution 1 seeks approval for payment of variable pay of Rs. 5.80 crore (50% cash, 50% share-linked) for FY 2024-25 and revision in fixed pay to Rs. 3.54 crore per annum w.e.f. April 1, 2025, for Mr. R. Subramaniakumar, Managing Director & CEO. Resolution 2 seeks similar approval for Mr. Rajeev Ahuja, Executive Director, for variable pay of Rs. 2.76 crore and fixed pay of Rs. 3.01 crore per annum. Both proposals have already received RBI approval vide letter dated September 23, 2025. The remote e-voting period runs from October 1, 2025 to October 30, 2025, with the cut-off date for eligibility fixed as September 26, 2025.
This is a routine governance exercise where shareholders are being asked to formalize RBI-approved compensation packages for top executives. The variable pay for FY 2024-25 reflects past performance, while the fixed pay revision applies prospectively from FY 2025-26. There is no immediate impact on share price, but approval is necessary for the bank to disburse the approved remuneration.