Fedbank Financial Services Limited (Fedfina) has announced ambitious plans to raise capital through a substantial issuance of Non-Convertible Debentures (NCDs). The company's board of directors has approved a proposal to issue NCDs worth up to ₹250.00 billion (₹25,000.00 crore), subject to shareholder approval.

Board Approval and Shareholder Consent

Fedfina's board of directors, during a meeting held on August 25, gave the green light to a substantial debt instrument issuance. The company plans to offer, issue, and create NCDs through private placement, pending shareholder approval at the upcoming general meeting.

Diverse NCD Offerings

The proposed NCD issuance is set to be diverse, including:

• Secured or unsecured debentures
• Redeemable NCDs
• Listed or unlisted instruments
• Cumulative or non-cumulative options
• Fixed rate or market-linked securities
• Hybrid instruments (not in the nature of equity shares)

Additionally, the issuance may include non-convertible debentures or bonds qualifying as subordinated Tier II debt, as well as perpetual debt instruments that could be classified as additional Tier I or Tier II capital under RBI Master Directions for NBFCs.

Issuance Details

Target Investors

Fedfina aims to attract a wide range of investors, including:

• Banks
• Financial institutions
• Non-banking financial companies
• Corporates
• Foreign Institutional Investors (FIIs)
• High Net-worth Individuals (HNIs)
• Qualified Foreign Investors (QFIs)
• Qualified Institutional Buyers (QIBs)
• Foreign Portfolio Investors (FPIs)
• Insurance Companies
• Other eligible investors authorized to invest in such securities

Listing and Regulatory Compliance

The company intends to list the NCDs on the Bombay Stock Exchange (BSE), subject to necessary approvals. This move aligns with regulatory requirements and aims to provide liquidity to investors.

Strategic Implications

This substantial NCD issuance plan underscores Fedbank Financial Services' strategy to strengthen its capital base and support potential growth initiatives. The diverse range of debt instruments proposed allows the company to tailor its offerings to various investor preferences and market conditions.

As the financial services sector continues to evolve, Fedfina's move to raise significant capital through NCDs could position it favorably for expansion and competitive positioning in the market. Investors and market watchers will likely keep a close eye on the execution of this capital-raising plan and its impact on the company's financial trajectory.

Fedbank Financial Services Limited (Fedfina) has announced that its board of directors will convene on August 25, 2025, to deliberate on a significant debt proposal. The meeting agenda includes considering and approving the issuance of Non-Convertible Debentures (NCDs) worth up to 2,500.00 crore rupees.

Board Meeting Details

The company, in its regulatory filing, stated that the board meeting is scheduled for Monday, August 25, 2025. This meeting is being held in compliance with Regulations 29 and 50(1) of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Proposed NCD Issuance

The primary focus of the board meeting will be to discuss and potentially approve the offer and issuance of Non-Convertible Debentures. The proposed NCD issuance has a ceiling of 2,500.00 crore rupees, subject to shareholder approval.

Regulatory Compliance

Fedbank Financial Services has duly informed the National Stock Exchange of India Ltd. and BSE Limited about the upcoming board meeting. The company trades under the symbol FEDFINA on the National Stock Exchange and has the scrip code 544027 on the BSE.

Investor Information

The company has stated that this notice will be available on its official website, www.fedfina.com , for investors and stakeholders to access. This move aligns with Fedfina's commitment to transparency and adherence to regulatory requirements.

Investors and market watchers will be keenly awaiting the outcome of this board meeting, as the proposed NCD issuance could have significant implications for the company's financial strategy and future growth plans.