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24/04/2024 20:51

IDFC First Bank - Update on board meeting

IDFC First Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/04/2024 ,inter alia, to consider and approve We hereby refer to our letter no. IDFCFIRSTBANK/SD/296/2023-24 dated March 27, 2024, wherein we had intimated about the meeting of the Board of Directors ('Board') of the Bank, scheduled to be held on Saturday, April 27, 2024, to consider and approve the Audited Standalone and Consolidated Financial Results of the Bank for the quarter and Financial Year ended March 31, 2024.\r\nIn this regard, we wish to inform you that the Board at the said meeting shall, inter-alia, also discuss and consider the enabling proposal to borrow funds during the next 1 (one) year from date of ensuing Annual General Meeting (AGM) of the Bank by way of issuance of debt securities, on private placement basis, in one or more tranches, in accordance with the provisions of applicable laws, subject to the approval of the shareholders of the Bank at the ensuing AGM and any other approvals, as may be necessary.