Federal Bank shareholders back warrants for Asia II Topco, executive pay hikes

Federal Bank announced the proceedings of its extra-ordinary general meeting (EGM) held on November 19, 2025, via video conferencing. Key resolutions passed include the issuance of warrants to Asia II Topco XIII Pte. Ltd., exercisable into equity shares on a private placement basis, and the approval of special rights granted to Asia II Topco XIII Pte. Ltd. in accordance with SEBI regulations. The special resolution for warrant issuance garnered 99.95% of votes in favor.

Shareholders also approved revisions to the remuneration payable to Krishnan Venkat Subramanian, managing director & CEO, and Harsh Dugar, executive director, effective July 1, 2025. Additionally, the payment of variable pay (cash component) and the grant of stock options to both executives were approved. All remuneration-related resolutions were passed as ordinary resolutions, with high percentages of votes in favor (ranging from 92.41% to 99.97%).

The EGM, attended by 75 shareholders through video conferencing, concluded at 11:42 a.m. (IST) on November 19, 2025. The voting results and the scrutinizer's report confirmed the successful passage of all six agenda items.