Fino Payments Bank Shareholders Approve MD & CEO Remuneration
Fino Payments Bank shareholders approved the remuneration for MD & CEO Rishi Gupta for FY 2024-25 via postal ballot. The resolution passed with 99.65% votes in favor. A resolution for his re-appointment was withdrawn. Voting concluded on March 29, 2026, with results declared on March 30, 2026.
The approval of MD & CEO remuneration is a routine corporate governance matter. While important for management alignment, it does not directly represent a significant change in business operations or financial performance.
The resolution regarding the payment of remuneration to the MD & CEO was passed with a significant majority, indicating shareholder support for the management's compensation.
Fino Payments Bank Limited has announced the successful completion of its postal ballot process, through which shareholders approved the payment of remuneration to Mr. Rishi Gupta, the Managing Director and Chief Executive Officer, for the Financial Year 2024-25. The remote e-voting process concluded on March 29, 2026, with the scrutinizer's report confirming the resolution's passage with the requisite majority. A total of 2,18,40,845 votes were cast, with 99.65% in favor of the resolution.
Notably, a second resolution concerning the re-appointment of Mr. Rishi Gupta was withdrawn by the Bank via an addendum to the postal ballot notice dated March 26, 2026, and was not put to vote. The voting results and the scrutinizer's report have been made available on the Bank's website and the National Securities Depository Limited's e-voting portal.
The voting results were officially declared on March 30, 2026, following the conclusion of the e-voting period on March 29, 2026. The Bank dispatched the postal ballot notice on February 26, 2026, to members registered as of February 20, 2026.
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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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