Fino Payments Bank Seeks Shareholder Approval for MD & CEO Rishi Gupta's Re-appointment and Remuneration
Fino Payments Bank is seeking shareholder approval via postal ballot for two resolutions. The first is for the FY24-25 remuneration of MD & CEO Rishi Gupta, totaling ₹5.70 crore. The second is for his re-appointment as MD & CEO for three years from May 02, 2026, to May 01, 2029. E-voting is scheduled from February 28 to March 29, 2026.
The re-appointment of the MD & CEO for a significant term and the approval of his remuneration are material events for the company's governance and leadership continuity. This impacts strategic direction and operational execution.
The announcement is a procedural disclosure regarding shareholder voting on the re-appointment and remuneration of the MD & CEO. While it involves key management, it does not contain information that would significantly alter the company's financial outlook or market position at this stage.
Fino Payments Bank Limited has issued a notice for a postal ballot, seeking shareholder approval for two key resolutions. The first resolution pertains to the payment of remuneration to Mr. Rishi Gupta, Managing Director and Chief Executive Officer (MD & CEO), for the Financial Year 2024-25. The total remuneration amounts to ₹5.70 crore, comprising ₹2.44 crore in fixed pay (including salary, allowances, retiral benefits, and perquisites) and ₹3.26 crore in variable pay.
The second resolution seeks approval for the re-appointment of Mr. Rishi Gupta as MD & CEO for a period of three consecutive years, effective from May 02, 2026, to May 01, 2029. This re-appointment is subject to necessary approvals from regulatory bodies. The bank has engaged NSDL for facilitating e-voting, which will commence on Saturday, February 28, 2026, at 9:00 a.m. (IST) and conclude on Sunday, March 29, 2026, at 5:00 p.m. (IST). The results of the postal ballot will be announced within two working days of the e-voting conclusion.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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