Federal bank Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018. The bank filed the mandatory certificate for the quarter ended March 31, 2026, demonstrating its commitment to regulatory compliance in securities market operations.

Regulatory Filing Details

Company Secretary Samir P Rajdev submitted the compliance documentation to both major stock exchanges on April 4, 2026. The filing was addressed to The National Stock Exchange of India Limited and BSE Limited, covering the bank's adherence to Regulation 74(5) requirements.

Registrar Confirmation

Integrated Registry Management Services Private Limited, serving as the bank's Registrar and Transfer Agent, issued the compliance certificate confirming proper handling of dematerialization processes during the quarter. The registrar confirmed that securities received from Depository Participants for dematerialization were processed according to regulatory requirements.

The certificate validates that all security certificates received for dematerialization were properly mutilated and cancelled after verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within the mandated 15-day timeframe.

Compliance Framework

The quarterly certification process ensures that Federal Bank maintains proper procedures for handling dematerialized securities. The bank's compliance with SEBI regulations demonstrates its adherence to securities market standards and investor protection measures.

This regulatory filing represents part of Federal Bank's ongoing commitment to maintaining transparency and compliance in its securities operations, ensuring proper handling of investor holdings in dematerialized form.

Federal bank has announced the re-appointment of Mr. Harsh Dugar as Executive Director following regulatory approval from the Reserve Bank of India. The development represents continuity in the bank's senior leadership structure as it moves forward with its strategic initiatives.

RBI Approval and Appointment Details

The Reserve Bank of India granted approval for Mr. Dugar's re-appointment through its letter DoR.GOV.No.9538/08.38.001/2025-26 dated March 30, 2026. The approval follows a recommendation from the Bank's Board of Directors.

Executive Profile and Experience

Mr. Harsh Dugar brings substantial banking expertise to his continued role as Executive Director. He has been serving in this capacity at Federal Bank since 2023, having joined the institution in 2016.

Prior to Federal Bank, Mr. Dugar completed a distinguished 20-year career in corporate banking at HDFC Bank, where he developed extensive expertise across various verticals and geographies. His corporate banking experience spans multiple sectors and regions, providing valuable insights for Federal Bank's operations.

Educational Qualifications and Achievements

Mr. Dugar's academic credentials include:

• Bachelor's degree with Honors in Accounting & Finance from the University of Calcutta (University Topper)
• Qualified Cost and Works Accountant (CWA) with All-India Rank
• Chartered Financial Analyst (CFA) qualification from ICFAI with gold medal
• Academic contribution as part-time faculty member at ICFAI Business School, Kolkata

Regulatory Compliance

The bank has confirmed that Mr. Harsh Dugar is not debarred or disqualified from holding the office of Director by any order from the Securities and Exchange Board of India or other regulatory authorities. Additionally, he is not related to any other Director of the Bank, ensuring independence in governance structure.

Shareholder Approval Process

While RBI approval has been secured, the re-appointment remains subject to shareholder approval. This approval must be obtained either at the next General Meeting or within a period of three months, whichever occurs earlier. The bank has communicated this development to both the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI regulations.