Federal Bank has announced its 94th Annual General Meeting (AGM) to be held on Friday, August 29, 2025, at 11:00 A.M. IST. In light of ongoing health and safety concerns, the meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM), without the physical presence of shareholders at a common venue.

Key Highlights

E-Voting and Participation

The bank has introduced e-voting facilities to enable shareholders to cast their votes electronically. Shareholders whose names appear in the register of members or beneficial owners as of the cut-off date (August 22, 2025) will be eligible to participate in e-voting or attend the AGM.

Remote e-voting will commence on August 26, 2025, at 9:00 A.M. and conclude on August 28, 2025, at 5:00 P.M. Shareholders who have not cast their votes through remote e-voting can exercise their voting rights during the AGM.

Dividend and Tax Implications

The Board of Directors has recommended a final dividend of Rs 1.20 per share for the financial year 2025. If approved by shareholders, the dividend will be paid within 30 days of the AGM. The bank notes that dividend income is taxable, and tax will be deducted at source as per applicable rates.

Access to Meeting Documents

The Notice of the AGM, along with the Annual Report for the financial year ended March 31, 2025, has been sent electronically to shareholders who have registered their email addresses. These documents are also available on the bank's website ( www.federalbank.co.in ) under the 'Shareholder Information' section.

KYC Update and Unclaimed Dividends

Federal Bank has also launched a 100-day campaign titled "Saksham Niveshak" from July 28, 2025, to November 6, 2025. This initiative aims to update shareholder KYC details, bank mandates, and contact information. The bank urges shareholders to claim any unclaimed dividends from financial years 2020-21 to 2023-24 to prevent transfer to the Investor Education and Protection Fund.

Shareholders seeking further information or assistance can contact the bank's Registrar and Transfer Agent or refer to the detailed instructions provided in the AGM notice.

Federal Bank , a prominent private sector lender, has reported a 14% year-on-year decline in its net profit for the first quarter. The bank's financial performance and asset quality metrics showed some pressure during the period.

Key Financial Highlights

• Net profit decreased to ₹860.00 crore from ₹1,000.00 crore in the same quarter last year.
• Gross Non-Performing Assets (GNPA) ratio increased to 1.91% from 1.84% in the previous quarter.
• Net Non-Performing Assets (NNPA) ratio rose to 0.48% from 0.44% quarter-on-quarter.
• Provisions and contingencies (excluding tax) surged to ₹400.00 crore from ₹130.00 crore in the previous quarter.

Asset Quality

The bank witnessed a slight deterioration in its asset quality during the quarter. The increase in both gross and net NPA ratios indicates some stress in the loan book. However, the levels remain relatively low compared to industry standards, suggesting that Federal Bank's risk management practices are still effective.

Provisioning

Federal Bank significantly increased its provisions and contingencies to ₹400.00 crore, more than tripling the amount from the previous quarter. This substantial rise in provisions could be a precautionary measure taken by the bank to safeguard against potential future risks in the current economic environment.

Investor Information

Federal Bank has published its unaudited financial results for the quarter ended June 30, in compliance with regulatory requirements. The results have been published in "Financial Express" (English) and "Deepika" (Malayalam) newspapers on August 03, as per the bank's regulatory filing.

Despite the challenges faced in Q1, Federal Bank continues to be a significant player in the Indian banking sector. Investors and stakeholders will be keenly watching the bank's performance in the coming quarters to assess its ability to navigate the current economic landscape and return to a growth trajectory.