Fedbank Financial Services Ltd: AGM on Sep 29, 2026; Board Approves Borrowing Limit Hike

Fedbank Financial Services Ltd announced its 31st Annual General Meeting (AGM) will be held on September 29, 2026. The Board of Directors, in a meeting on August 25, 2026, approved a significant increase in aggregate borrowing limits from ₹18,000 Crore to ₹23,000 Crore, subject to shareholder approval. This includes raising funds via Non-Convertible Debentures (NCDs) or other securities. Additionally, the Board proposed raising up to ₹2,500 Crore through debt instruments and appointed M/s. V. Sankar Aiyar & Co. as Joint Statutory Auditors for three fiscal years. Amendments to the Articles of Association regarding the deletion of clauses related to True North Fund VI LLP and the Common Seal were also approved for shareholder consideration.