The Federal Bank has informed that it enclosed the Audited Financial Results of the Bank for the quarter and year ended March 31, 2021 (both standalone and consolidated) along with Audit Report issued by the Joint Central Statutory Auditors of the Bank, which were reviewed and recommended by Audit Committee of the Board and duly approved by the Board of Directors at their respective meetings held today. Further, in terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Auditors have given an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the year ended March 31, 2021 and a declaration to that effect by the Management is attached herewith. The Board of the Bank has also recommended the payment of final Dividend at Rs 0.70 per equity share, 35% on the Equity Shares of the Bank and the same will be payable after Shareholders approval in the 90th Annual General Meeting of the Bank. The Board Meeting commenced at 11.00 AM and concluded at 12:20 PM.
The above information is a part of company’s filings submitted to BSE.
