Fedbank Financial Services Ltd

Fedbank Financial Services Limited (Fedfina) reported a strong financial performance for the first quarter of FY27 (ended June 30, 2026). Profit After Tax (PAT) surged by 52.5% year-on-year to ₹114.4 crore. Net Interest Income (NII) saw a significant increase of 38.7% YoY to ₹8371.9 crore, and Operating Profit grew by 49.9% YoY to ₹2187.5 crore. The company's Assets Under Management (AUM) grew by 34.7% YoY to ₹21,136 crore. Disbursements for the quarter were ₹6,760 crore, a 13.9% YoY increase. Key financial ratios also showed improvement, with Cost to Income ratio decreasing and Return on Equity increasing. Asset quality improved with Gross Stage III and Net Stage III NPA falling to 1.6% and 1.0% respectively.

Fedbank Financial Services Limited announced the outcome of its Board Meeting held on July 15, 2026. The board approved the Unaudited Financial Results under Ind AS for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee prior to the board meeting. M/s. KKC & Associates LLP, the statutory auditors, issued a limited review report with an unmodified opinion on these results. The company will publish the results in Business Standard and Pratahkal newspapers.

Fedbank Financial Services Ltd has announced a Board of Directors meeting scheduled for July 15, 2026. The primary agenda is to consider and approve the unaudited financial results for the quarter ended June 30, 2026. Additionally, the company has informed about the closure of the trading window for designated persons from July 01, 2026, to July 17, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The notice will be hosted on the company's website.

Fedbank Financial Services Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. The specific date for the Board Meeting to approve these results will be communicated separately. The company has also made this information available on its website.

Maninder Singh Juneja (DIN: 02680016) has resigned as Nominee Director of Fedbank Financial Services Ltd, effective May 14, 2026. The resignation is a result of True North Fund VI LLP selling its entire residual stake in the company. Mr. Juneja has confirmed that there are no other material reasons for his resignation.

Nomura India Investment Fund Mother Fund, along with THE NOMURA TRUST AND BANKING CO., LTD, disclosed its shareholding in Fedbank Financial Services Ltd under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The fund holds 25,695,139 shares, representing 6.866% of the paid-up equity capital of 374,251,601 shares. This holding remained consistent before and after the acquisition under consideration.

True North Fund VI LLP sold 27,170,139 shares of Fedbank Financial Services Ltd in the open market on May 11 and 12, 2026, according to a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The equity share capital of Fedbank before and after the sale remains at ₹3,742,061,010, comprising 374,206,101 equity shares with a face value of ₹10 each.

True North Fund VI LLP, a significant shareholder in Fedbank Financial Services Ltd, has disposed of its entire stake of 2,56,95,139 equity shares, representing approximately 6.8644% of the company's paid-up equity share capital. The stake was sold through a block deal on the stock exchange mechanism to Nomura India Equity Fund, managed by Nomura Asset Management- FPI. Following this transaction, True North Fund VI LLP's shareholding in Fedbank Financial Services Ltd stands at Nil.

Fedbank Financial Services Ltd's Board of Directors met on April 28, 2026, and approved the Audited Financial Results, including the Cash Flow Statement under IND AS, for the quarter and financial year ended March 31, 2026. The Audit Committee had reviewed and recommended these results prior to the Board Meeting. M/s. KKC & Associates LLP, the Statutory Auditors, issued an unmodified opinion on the financial results. The company also disclosed various ratios, security cover, utilization of NCD proceeds, and related party transactions as per SEBI Listing Regulations. Furthermore, the company confirmed its classification as a "Large Corporate" as of March 31, 2026, as per SEBI Circulars.

Fedbank Financial Services Ltd has reported no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended March 31, 2026. The company raised INR 1092.26 Crores through its public issue on November 29, 2023. The IPO funds were intended to augment the company's Tier I capital to meet future capital requirements arising from business and asset growth. This statement, along with the Monitoring Agency report from ICRA Limited dated April 17, 2026, was reviewed and taken on record by the Audit Committee on April 28, 2026. The Monitoring Agency report was also submitted to the Stock Exchanges on the same day, confirming compliance with SEBI regulations.