Federal Bank has informed that based on the recommendations of the Nomination, Remuneration, Ethics and Compensation Committee and pursuant to the Banking Regulation Act, 1949 and the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, the Board of Directors of the Bank at its meeting held today, Friday, October 16, 2026 has approved the appointment of Rajesh Varrier (DIN: 00105765) as an Additional Director (Non-Executive Independent Director) on the Board of the Bank, for a period of three consecutive years with effect from October 16, 2026. Pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shareholders’ approval for the appointment of Rajesh Warrier (DIN: 00105765) shall be obtained at the next general meeting or within a period of three months from the date of appointment, whichever is earlier. In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an Independent director of the Bank. Rajesh Varrier is not related to any of the Directors or Key Managerial Personnel of the Bank. Further, in line with the Stock Exchange Circular dated June 20, 2018, it is hereby confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
The above information is a part of company’s filings submitted to BSE.
