Federal Bank held its Extra-Ordinary General Meeting (EGM) on November 19, 2025, where shareholders approved six key resolutions, including the issuance of warrants to Asia II Topco XIII Pte. Ltd. and revisions to executive compensation packages.

Warrant Issuance and Special Rights

Shareholders gave their approval for the issuance of warrants to Asia II Topco XIII Pte. Ltd., exercisable into equity shares through a preferential issue on a private placement basis. Additionally, they approved special rights granted to the entity in accordance with SEBI regulations.

Executive Compensation Revisions

The meeting saw the approval of revised remuneration packages for key executives:

1. Mr. Krishnan Venkat Subramanian (DIN: 00031794), Managing Director & CEO
2. Mr. Harsh Dugar (DIN: 00832748), Executive Director

Both executives will see changes in their compensation structure effective July 1, 2025.

Variable Pay and Stock Options

Shareholders also approved the payment of variable pay components and the grant of stock options to both Mr. Subramanian and Mr. Dugar.

Voting Results

The resolutions were passed with significant shareholder support:

Meeting Details

The EGM was conducted through video conferencing and was chaired by Mr. A P Hota, Independent Director and Chairman of the Bank. The meeting saw participation from 75 shareholders, with 5 raising queries or providing comments during the proceedings.

These approvals signal Federal Bank's strategic moves in capital raising and talent retention, potentially positioning the bank for future growth and competitiveness in the banking sector.

Federal Bank has announced the allotment of equity shares to employees under its stock option schemes. The bank's Nomination, Remuneration, Ethics and Compensation Committee approved the allotment on November 15, 2025.

Details of the Allotment

The bank has issued a total of 1,99,166 equity shares, distributed as follows:

All shares have a face value of Rs. 2.00 each.

Process and Compliance

The allotment was made to option grantees following their payment for the shares. This move is part of Federal Bank's employee incentive program, aimed at aligning employee interests with those of the shareholders and promoting long-term value creation.

The bank has stated that it will take necessary steps to comply with regulatory requirements, including listing the newly allotted shares on the stock exchanges where Federal Bank's securities are traded.

Impact on Share Capital

While the exact impact on the bank's share capital was not specified in the disclosure, the allotment of these additional shares will result in a marginal increase in the bank's outstanding equity shares.

Federal Bank continues to use employee stock option schemes as a tool for talent retention and motivation, a common practice among companies looking to foster a sense of ownership among their employees.

Investors and stakeholders may view this development as a positive sign, indicating the bank's commitment to aligning employee incentives with company performance and shareholder interests.