Fedbank Financial Services disclosed that its officials participated in one-on-one meetings with three investment firms on August 28, 2026, in Mumbai.

The company filed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filings were submitted to both the National Stock Exchange of India Limited and BSE Limited.

Meeting Details

The engagements took place in Mumbai and involved the following institutions:

Parthasarathy Iyengar, Company Secretary and Compliance Officer, signed the disclosure. The document confirms that no unpublished price-sensitive information was shared during these interactions.

Fedbank Financial Services board approved a ₹2,500 crore non-convertible debenture (NCD) issue and increased its aggregate borrowing limit to ₹23,000 crore during its meeting on August 25, 2026.

The decisions require shareholder approval at the upcoming Annual General Meeting (AGM). The board also appointed V. Sankar Aiyar & Co. as joint statutory auditors for three years and scheduled the 31st AGM for September 29, 2026.

Board approval details

The board meeting moved beyond initial evaluations to formally approve the debt instrument and other corporate actions. The increase in aggregate borrowing limits is subject to Section 180(1)(c) of the Companies Act 2013.

The approval of non-convertible debentures clarifies the nature of the liability being added to the balance sheet. The increase in the aggregate borrowing limit from ₹18,000 crore to ₹23,000 crore provides the company with additional headroom for future financing needs beyond this immediate issuance.

NCD issuance specifics

The proposed fund raise includes fresh issuance of NCDs on a private placement basis. The instruments may be secured or unsecured, redeemable or perpetual, and denominated in Indian or foreign currency. They qualify as subordinated Tier II debts or additional Tier I/Tier II capital under RBI Master Directions.

The debentures will be listed on major stock exchanges. The tenure, coupon rate, and security charges are yet to be determined by the Board or an authorized committee.

Auditor appointment

The board appointed M/s. V. Sankar Aiyar & Co., Chartered Accountants, as Joint Statutory Auditors for a period of three consecutive years. This appointment aligns with RBI Master Directions requiring entities with asset sizes of ₹15,000 crore and above to appoint Joint Statutory Auditors.

V. Sankar Aiyar & Co. has been providing professional services since 1952. The firm operates from offices in Mumbai, New Delhi, Chennai, and Hyderabad with over 175 professionals.

Other corporate actions

The board also approved amendments to the Articles of Association. These include deleting clauses pertaining to True North Fund VI LLP following their divestment of entire shareholding and removing references to the Common Seal.

The Notice of the 31st Annual General Meeting will be sent electronically to shareholders with registered email addresses. The meeting is scheduled for Tuesday, September 29, 2026, at 12:00 noon via Video Conferencing/Other Audio-Visuals Means (OAVM).