Fedbank Financial Services Appoints Joint Statutory Auditors

Fedbank Financial Services Limited announced the appointment of M/s. V. Sankar Aiyar & Co. as Joint Statutory Auditors for a three-year term (FY 2026-27 to FY 2028-29), subject to shareholder approval. The Board also approved an increase in aggregate borrowing limits from ₹18,000 Crore to ₹23,000 Crore and a proposal to raise up to ₹2,500 Crore via debt instruments, both pending shareholder consent. Amendments to the Articles of Association regarding True North Fund VI LLP and the Common Seal were also approved. The 31st Annual General Meeting is scheduled for September 29, 2026.