Federal Bank Limited has announced the retirement of Mr. A P Hota as Part Time Chairman and Independent Director, effective from the close of business hours on January 14, 2026. The retirement follows the completion of his 8-year tenure on the Board of the Bank in accordance with regulatory requirements.

Regulatory Compliance and Disclosure

The bank has filed the requisite intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Circular reference number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure was submitted to both the National Stock Exchange of India Limited and BSE Limited.

Director Details and Tenure Completion

The following table summarizes the key details of Mr. Hota's retirement:

Bank's Acknowledgment

Federal Bank has placed on record its appreciation for the significant contributions made by Mr. A P Hota during his tenure with the Bank. The retirement represents a planned transition in line with corporate governance requirements and regulatory compliance.

Corporate Communication

The announcement was signed by Samir P Rajdev, Company Secretary of Federal Bank Limited, and communicated to stock exchanges through the standard regulatory filing process. The information has also been made available on the bank's official website at www.federal.bank.in for stakeholder access.

Federal bank Limited has completed the allotment of equity shares under its Employee Stock Option Schemes (ESOS) on January 11, 2026. The bank allotted a total of 1,34,876 equity shares to option grantees following the exercise of stock options under two separate schemes.

Allotment Details

The allotment was approved by the bank's Nomination, Remuneration, Ethics and Compensation Committee and executed after the payment of money by the allottees. The shares were distributed across two ESOS schemes operated by the bank.

Scheme-wise Breakdown

Under the ESOS 2010 Scheme, Federal Bank allotted 1,800 equity shares to option grantees. The significantly larger allocation came from the ESOS 2017 Scheme, which accounted for 1,33,076 equity shares. Both schemes involve shares with a face value of ₹2.00 each.

Regulatory Compliance

The allotment was communicated to both the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements under Regulation 30. The bank's Company Secretary, Samir P Rajdev, signed the official communication digitally on January 11, 2026.

The exercise of stock options under these schemes represents the conversion of employee stock options into equity shares, providing employees with ownership stakes in the bank upon meeting the required conditions and making the necessary payments.