Fedbank Financial Services Ltd

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.

Fedbank Financial Services Ltd has submitted the Monitoring Agency Report for the quarter ended March 31, 2026. ICRA Limited, the appointed Monitoring Agency, confirmed that there is no material deviation or variation in the utilization of funds raised through the company's public issue. This report was issued in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report clarifies it does not comment on the quality of issue objects or cost appropriateness.

Fedbank Financial Services Limited announced its financial and operational performance for Q4 FY26 and the full financial year ended March 31, 2026. For Q4 FY26, Profit After Tax (PAT) increased by 40.3% year-on-year to ₹100.52 Cr, while Net Interest Income (NII) grew 23.1% YoY to ₹348.8 Cr. The company's Asset Under Management (AUM) rose 27.5% YoY to ₹20,153 Cr, and disbursements for the quarter surged 109.1% YoY to ₹11,665 Cr. Asset quality showed improvement with Gross Stage III and Net Stage III decreasing QoQ to 1.9% and 1.3% respectively. The branch network expanded to 757 across 17 states and union territories.

Fedbank Financial Services Ltd's Board of Directors, in a meeting held on April 28, 2026, 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. The company also confirmed its classification as a "Large Corporate" as of March 31, 2026, and noted that the statutory auditors, M/s. KKC & Associates LLP, issued an unmodified opinion on the financial results. Various regulatory disclosures, including those related to Non-Convertible Debentures (NCDs) utilization, security cover, and related party transactions, were also approved.

Fedbank Financial Services Ltd has announced that its Board of Directors will convene on April 28, 2026. The primary agenda item is to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the company has closed its trading window from April 1, 2026, to April 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, restricting trading in the company's securities for designated persons and their immediate relatives until 48 hours after the financial results are published.