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 , a prominent player in the Indian banking sector, has recently made a significant move in its employee stock option programs. The bank has allotted a total of 282,444 equity shares to its employees under two different stock option schemes, as approved by the Nomination, Remuneration, Ethics and Compensation Committee.

Details of the Allotment

The allotment of shares was carried out under two distinct employee stock option schemes:

Process and Approval

The allotment process involved the following key steps:

1. Option grantees made the required payments for the shares.
2. The Nomination, Remuneration, Ethics and Compensation Committee approved the allotments.
3. The company secretary, Samir P Rajdev, officially communicated the allotment details to the stock exchanges.

Implications

Employee Stock Option Schemes (ESOS) are strategic tools used by companies to align employee interests with those of the shareholders. By offering equity shares, Federal Bank aims to:

• Motivate and retain key talent
• Foster a sense of ownership among employees
• Align employee performance with the bank's long-term growth objectives

This move by Federal Bank demonstrates its commitment to employee welfare and long-term value creation for all stakeholders.

Regulatory Compliance

In line with regulatory requirements, Federal Bank has duly informed the National Stock Exchange of India Limited and BSE Limited about these allotments. This transparency ensures that all market participants have access to this material information simultaneously.

The allotment of these equity shares under the ESOS 2010 and ESOS 2017 schemes reflects Federal Bank's ongoing efforts to maintain a competitive edge in talent retention and motivation in the dynamic banking sector.