The Federal Bank Limited announced on June 4, 2026, that its shareholders have passed three ordinary resolutions through remote e-voting. These resolutions include the re-appointment of Mr. Harsh Dugar as a Whole-time Director, designated as an Executive Director. Additionally, shareholders approved the payment of variable pay – cash component for FY 2024-25 to Mr. Shyam Srinivasan, former Managing Director & CEO, and Ms. Shalini Warrier, former Executive Director. The postal ballot results, along with the Scrutinizer's report dated June 4, 2026, confirm the passing of these resolutions with the requisite majority. The voting was conducted based on a Postal Ballot Notice dated April 29, 2026, with a record date of April 30, 2026. The re-appointment of Mr. Dugar received overwhelming support, with 99.04% of the votes polled in favour. The variable pay for Mr. Srinivasan and Ms. Warrier also saw strong approval, with 99.98% and 99.98% of the votes polled in favour, respectively.
