Fino Payments Bank Ltd

ESG rating update

• ESG score upgraded from 56 Adequate to 58 Adequate on Oct 13, 2026.

AGM Details

• Date, time, mode: 29 September 2026, 12:00 IST, via VC/OAVM.
• Record date: 22 September 2026; total shareholders on record: 66,863.

Resolution 1 – Adoption of financial statements

• Ordinary resolution: adopt audited financial statements for FY 2025-26 with directors' and auditors' reports.

Voting results

• Resolution 1 passed with 99.02% in favour and 0.98% against; votes polled 21,953,844.

Appointment of Head - MSME

• Appointment of Paresh Gupta as Head - MSME, effective 29 September 2026; full-time Senior Management.
• Profile: 20+ years in Business, Risk, and MSME Financing; ex-YES Bank Regional Head - Micro Enterprise Banking.
• Terms: Full-time employment; part of Senior Management; NRC recommendation and Board approval.

AGM Details

• 10th AGM held on 29 September 2026 at 12:00 IST via VC/OAVM.
• Attendance: 43 members; quorum satisfied.
• No qualifications or adverse remarks in statutory or secretarial audit reports.

Key Resolution

• Ordinary Resolution: adoption of audited financials for FY2025-26 and related reports.
• Outcome: deemed passed subject to requisite votes in favour.

Voting Status

• Remote e-voting ran 25–28 Sep 2026; AGM e-voting open post-meeting.
• Results to be announced within 2 working days and disclosed publicly.

Director Changes

• Mr. Rishi Gupta took voluntary early retirement in May 2026.

Fino Payments Bank Limited — Closure of Trading Window from October 01, 2026 till the expiry of 48 hours after declaration of Audited Financial Results for the half year ending September 30, 2026 and Unaudited Financial Results for the quarter ending September 30, 2026.

August 2026 performance highlights

• Accounts opened in Aug 2026: 243,216, down 22% YoY.
• Renewal income for Aug 2026: ₹22.8 Cr, down 4% YoY.
• Average total deposits: ₹2,821 Cr in Aug 2026, up 12% YoY.
• Digitally active customers: 65.6 lakh in Aug 2026, up 15% YoY.
• FinoPay active customers: 8.1 lakh, up 13% YoY.
• Transaction throughput: ₹3,770 Cr in Aug 2026, down 19% YoY.
• CMS throughput: ₹6,669 Cr, up 17% YoY.
• B2B UPI P2M throughput: nil in Aug 2026 vs ₹1,779 Cr Aug 2025.
• Loan disbursals: ₹243 Cr in Aug 2026, up 367% YoY from ₹52 Cr.
• Transition to Small Finance Bank remains a stated objective; deposits growth supports readiness.

Key investor updates

• Business Responsibility and Sustainability Report for FY2025-26 attached.
• FY2025-26 turnover ₹1,587.9 crore; net worth ₹805.2 crore; paid-up capital ₹83.22 crore; 100% payments-bank turnover.
• Over 1.75 crore customers; 20.8 lakh merchants; over 6 million digitally active users.
• RBI penalty ₹29.60 lakh under Banking Regulation Act.
• CID lien ₹11.92 crore; court appeal ongoing.
• Next hearing 28 July 2026.
• SEBI settlement ₹5.88 lakh completed October 2025.
• Three-tier ESG governance with Board CSR/ESG Committee; ESG Steering; Core Sustainability Committee; 42 KPIs across 16 goals.
• Scope 2 emissions: 9,50,395 tCO2e; Scope 1 negligible.
• E-waste disposal: 3.287 tonnes; disposal verified by JRS Recycling Solutions.

Financial performance FY26

• Total revenue FY26: ₹1,587.9 crore.
• Net revenue margin FY26: 36.8%.
• EBITDA FY26: ₹243.2 crore.
• PAT FY26: ₹52.46 crore.
• EBITDA margin FY26: 15.3%.
• Cost-to-income FY26: 21.5%.
• Gearing FY26: 1.91x.

Deposits and liquidity

• Average total deposits FY26: ₹2,576 crore.
• Year-end deposits FY26: ₹2,815 crore.
• Cost of funds FY26: 1.7%.

Profitability and balance sheet

• PAT FY26 ₹52.46 crore; FY25 ₹92.53 crore.
• Net worth FY26: ₹805.2 crore.
• Gearing FY26: 1.91x; CRAR 83.95%.
• ROE FY26: 6.8%.

Customer base and reach

• CASA accounts: 1.75 crore; 31.5 lakh new accounts FY26.
• Merchant network: 20.8 lakh touchpoints across 98% of PIN codes.
• FinoPay iOS app; over 8 lakh users; 63 lakh digitally active customers.

Governance and leadership

• Rishi Gupta ceased MD&CEO on 21 May 2026.
• Ketan Merchant Interim CEO from 27 Feb 2026; RBI approved extension.
• RBI in-principle approved SFB conversion on 5 Dec 2025.

ESG and CSR

• ESG KPI framework: 42 KPIs across 16 strategic goals.
• Board women directors: 37.5%.
• CSR spend ₹1.73 crore; 15,469 lives impacted.

Outlook and risks

• FY27 focus: expand deposits, CASA, digital engagement, annuity revenue.
• Pace SFB milestones; strengthen governance and risk controls.
• Maintain cost and capital discipline.

AGM Details

• AGM scheduled for September 29, 2026 at 12:00 IST, held via VC/OAVM.

Key Resolutions

• Ordinary business: adopt audited financial statements for FY2025-26 and related reports.
• Note: Retirement by rotation is not part of the AGM agenda.