Fedbank Financial Services Limited has announced the reaffirmation of credit ratings for its debt instruments by two leading rating agencies. The company informed stock exchanges about the credit rating updates received from CRISIL Ratings and ICRA Limited for various financial instruments totaling ₹5,250 crores.

Credit Rating Details

The rating agencies have provided comprehensive assessments across multiple debt instruments. CRISIL Ratings has reaffirmed ratings for both Non-Convertible Debentures and Commercial Paper programs, while ICRA Limited has confirmed its rating for the Commercial Paper facility.

Enhanced Commercial Paper Limits

A significant development in the rating exercise is the enhancement of Commercial Paper limits from both rating agencies. The Commercial Paper programs rated by both CRISIL and ICRA have been increased from ₹1,000 crores to ₹2,000 crores, effectively doubling the company's short-term funding capacity through these instruments.

Rating Significance

According to CRISIL's assessment, securities with the AA- rating are considered to have a high degree of safety regarding timely servicing of financial obligations, carrying very low credit risk. The A1+ rating for Commercial Paper indicates a very strong degree of safety regarding timely payment of financial obligations, representing the lowest credit risk category.

ICRA's A1+ rating for the Commercial Paper program similarly reflects the highest credit quality assessment for short-term debt instruments. The reaffirmation of these ratings across both agencies demonstrates consistent confidence in Fedbank Financial Services' creditworthiness and financial stability.

Regulatory Compliance

The rating intimation was submitted to stock exchanges in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information including various ISIN codes for Non-Convertible Debentures and Commercial Paper programs to ensure complete regulatory transparency.

Validity and Surveillance

Both rating agencies have confirmed that the assigned ratings will remain under continuous surveillance throughout the life of the respective instruments. CRISIL has specified validity periods of 180 days for the NCD rating and 60 days for the Commercial Paper rating from the date of issuance, while ICRA has indicated a three-month validity period for its Commercial Paper rating before requiring revalidation.

Fedbank Financial Services Limited has announced the allotment of 6,088 equity shares to employees under its Employee Stock Option Scheme on December 15, 2025. The allotment was executed following the exercise of vested stock options by employees under the company's Employee Stock Option Scheme 2018.

Share Allotment Details

The Committee of Directors (Operations) approved the allotment of equity shares, each carrying a face value of ₹10. The following table shows the impact on the company's share capital structure:

Regulatory Compliance and Share Rights

The allotment was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the newly allotted shares rank pari-passu with the existing equity shares, ensuring equal rights and privileges for all shareholders.

Listing Process

Fedbank Financial Services is currently in the process of completing the necessary formalities with respect to the listing of the newly allotted shares. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this development through proper regulatory channels.

The share allotment represents the company's commitment to its employee incentive programs and reflects the exercise of stock options by employees who chose to convert their vested options into equity shares.