Federal Bank shareholders approved the appointment of M/s. Price Waterhouse LLP and M/s. K. S. Aiyar & Co. as joint statutory auditors for a three-year term at its 95th Annual General Meeting on August 21, 2026. The meeting also saw the re-appointment of Managing Director & CEO Krishnan Venkat Subramanian and Independent Director Sankarshan Basu.

The virtual meeting was chaired by Independent Director and Chairman Elias George. The Company Secretary confirmed that the requisite quorum was present and that remote e-voting facilities were available from August 18 to August 20, 2026. Scrutinizer SEP & Associates supervised the voting process.

Key Resolutions Passed

Shareholders passed seven resolutions covering ordinary and special business items. The ordinary business included the adoption of financial statements for the year ended March 31, 2026, and the approval of the final dividend for FY26.

The board sought shareholder approval for the RBI-sanctioned appointment of Elias George as Part-Time Chairman and his remuneration structure. Additionally, shareholders approved the re-appointment of Sankarshan Basu as a Non-Executive Independent Director for a second term.

Auditor Appointment Details

The bank appointed M/s. Price Waterhouse LLP, Kolkata, and M/s. K. S. Aiyar & Co., Mumbai, as Joint Statutory Auditors for a period of three years from the conclusion of the 95th AGM until the conclusion of the 98th AGM, subject to annual RBI approval.

Price Waterhouse LLP, established in 1949, is a member firm of Price Waterhouse & Affiliates with 113 partners as of March 31, 2026. It has over 20 years of experience as Statutory Central Auditors for Banks. K. S. Aiyar & Co., established in 1897, has 21 partners and 15 years of experience as Statutory Central Auditors for Banks.

Voting Results and Participation

The total number of shareholders on the record date of August 14, 2026, was 834,632. Ninety shareholders joined the meeting through Video Conferencing or Other Audio-Visual Means. Five registered speaker shareholders raised queries during the Q&A session, which were addressed by MD & CEO Krishnan Venkat Subramanian. The meeting concluded at 11:56 am.

Voting participation stood at 76.7% of outstanding shares. Institutional investors accounted for the bulk of the votes polled, with public non-institutional shareholders contributing approximately 31.8% of their held shares to the vote.

The resolution for the adoption of audited financial statements received 99.93% support. The final dividend resolution saw near-unanimous approval with 99.99% of votes cast in favour.

The re-appointment of MD & CEO Krishnan Venkat Subramanian passed with 99.54% support. However, it faced slightly higher opposition compared to other items, with approximately 8.8 million votes cast against the resolution, primarily from institutional investors.

The appointment of Elias George as Part-Time Chairman received 98.51% support, with over 28 million votes cast against, again largely driven by institutional shareholders. This represents the highest level of dissent among all resolutions considered at the AGM.

Governance and Compliance

The Chairman informed members that the Statutory Audit Report and Secretarial Audit Report for FY26 contained no qualifications, reservations, or observations. The Register of Directors and Key Managerial Personnel was made available electronically for inspection during the meeting.

Nine directors attended the meeting, including Executive Directors Harsh Dugar and Venkatraman Venkateswaran. Representatives from statutory and secretarial audit firms participated via video conferencing.

Federal Bank Limited informed the National Stock Exchange of India Limited and BSE Limited regarding an analyst meet held on August 20, 2026. The private sector lender engaged in a one-on-one virtual discussion with HSBC Securities.

The disclosure was filed in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III to the Regulations.

Meeting Details

The particulars of the investor interaction are outlined below:

Samir P Rajdev, Company Secretary at Federal Bank, signed the intimation. He noted that no presentations were shared during the meeting.