Fedfina Announces 31st AGM on Sep 29, 2026; Approves Key Financial & Corporate Actions
Fedbank Financial Services Limited will hold its 31st AGM on September 29, 2026. Key resolutions include approving receivables securitization up to ₹12,000 Cr, increasing borrowing limits to ₹23,000 Cr, issuing NCDs up to ₹2,500 Cr, and amending the ESOP 2024 scheme. Profit-linked commission for directors and alterations to Articles of Association are also on the agenda.
The AGM involves several significant financial proposals, including increased borrowing limits, securitization of receivables, and NCD issuance, which could impact the company's financial structure and operations. Amendments to the ESOP scheme and related party transactions also warrant attention.
The announcement is a routine corporate filing regarding the upcoming AGM and associated resolutions. While it includes significant financial proposals, they are standard for a company of this nature and do not indicate a material positive or negative shift.
Fedbank Financial Services Limited (FEDFINA) has announced its 31st Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 12:00 Noon IST through Video Conferencing / Other Audio-Visual Means. The company has also submitted its Annual Report for the Financial Year 2025-26 and the AGM Notice.
E-voting for members will commence on Friday, September 25, 2026, at 09:00 a.m. IST and conclude on Monday, September 28, 2026, at 5:00 p.m. IST. The cut-off date for entitlement to vote is Tuesday, September 22, 2026.
The AGM agenda includes several key resolutions. Ordinary business involves receiving and adopting the audited financial statements for FY 2025-26, re-appointing Mr. Harsh Dugar as a director, and appointing M/s. V Sankar Aiyar & Co. as Joint Statutory Auditors for three years.
Special business items include approving limits for selling, assignment, and securitization of receivables up to ₹12,000 Crores; increasing the borrowing limit from ₹18,000 Crores to ₹23,000 Crores; approving the creation of charges on assets to secure borrowings up to ₹23,000 Crores; and approving a fresh issuance of Non-Convertible Debentures (NCDs) up to ₹2,500 Crores on a private placement basis. Additionally, amendments to the Employees Stock Option Scheme (ESOP 2024) are proposed, increasing the total options to 1,87,10,305 (approximately 5% of paid-up capital as of March 31, 2026). Approval for material related party transactions with its holding company, The Federal Bank Limited, is also sought. The company also proposes to pay profit-linked commission to Independent Directors (₹20 Lakhs per year for 2 years) and the Non-Executive Chairman (₹25 Lakhs per year for 2 years), capped at 1% of net profits, and to alter the existing Articles of Association.
A plain-language summary of a public exchange filing by Fedbank Financial Services Limited. Read the original for the full detail.
