Fedbank Financial Services Limited (FEDFINA) announced a significant change in its senior management as Chief Operating Officer (COO) Krishnaswamy Siddharth tendered his resignation. The company disclosed this information in a regulatory filing to the National Stock Exchange of India and BSE Limited on August 26, 2025.

Resignation Details

Krishnaswamy Siddharth, who served as the COO of Fedbank Financial Services, submitted his resignation on May 25, 2025, citing his intention to pursue new opportunities. The company's management accepted his resignation, and Siddharth completed a three-month notice period as per standard corporate practices.

Effective Date of Departure

According to the company's statement, Krishnaswamy Siddharth officially ceased to be the Chief Operating Officer of Fedbank Financial Services Limited after the close of business hours on August 25, 2025. This marks the end of his tenure with the organization.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. FEDFINA provided the necessary details as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company's Response

Parthasarathy Iyengar, Company Secretary & Compliance Officer of Fedbank Financial Services Limited, signed the regulatory filing. The company has not announced any immediate replacement for the COO position.

About Fedbank Financial Services Limited

Fedbank Financial Services Limited, also known as FEDFINA, is a financial services company listed on the National Stock Exchange of India and BSE Limited. The company operates from its registered and corporate office located in Powai, Mumbai.

The departure of a key executive like the COO could potentially impact the company's operational strategy. Stakeholders and market observers will likely monitor FEDFINA's next moves and any subsequent appointments to fill this crucial position.

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.