IDFC FIRST Bank seeks shareholder approval for new director

IDFC FIRST Bank has issued a postal ballot notice to shareholders seeking approval for the appointment of Narendra Ostawal as a non-executive non-independent director, nominated by Currant Sea Investments B.V. The e-voting period will commence on Friday, November 21, 2025, at 9:00 a.m. IST, and conclude on Saturday, December 20, 2025, at 5:00 p.m. IST.

Ostawal's appointment, effective September 30, 2025, follows his initial appointment as an additional director. He brings extensive experience in accountancy, finance, business management, risk management, and human resources. Ostawal has voluntarily chosen to forego all sitting fees and fixed remuneration for his role, except for reimbursement of incidental expenses.

The results of the postal ballot are expected to be announced on or before Tuesday, December 23, 2025, and will be made available on the bank's website and communicated to the stock exchanges. This remote e-voting process complies with SEBI Listing Regulations and relevant MCA Circulars, with only eligible members as of the cut-off date (November 14, 2025) entitled to vote.