REG - Housing Dev Fin Corp - 3rd Quarter Results <Origin Href="QuoteRef">HDFC.NS</Origin>

Housing Development FinanceAnnouncement

30/01/2017 07:35

RNS Number : 4218V
Housing Development Fin. Corp. Ltd.
30 January 2017
Ref. No. SE/ 2016-17/ 284
January 30, 2017
BSE Limited National Stock Exchange of India Limited
P. J. Towers,   Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Bandra-Kurla Complex, Bandra (East)
Mumbai 400 001. Mumbai 400 051.
Kind Attn: - Sr. General Manager  Kind Attn: Head - Listing 
  DCS - Listing Department
Dear Sirs,
Sub:  Outcome of Board Meeting
We wish to inform you that at the meeting of the Board of Directors held today i.e. on January 30, 2017, the Board has approved the unaudited financial results [standalone] of the Corporation and the unaudited consolidated financial results for the quarter/nine months ended December 31, 2016, which have been subjected to limited review by the Statutory Auditors of the Corporation, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). 
A copy of the said results along with the limited review reports issued by the Statutory Auditors of the Corporation and a press release are enclosed herewith and the same are being uploaded on the website of the Corporation i.e. www.hdfc.com. The quarterly results will also be published in the newspapers, in the format prescribed under Regulation 47 of the Listing Regulations. 
At the said meeting, the Board also approved the following:
 issuance of Secured Redeemable Non-convertible Debentures (NCD) aggregating to ` 35,000 crore on a private placement basis under a Shelf Disclosure Document in terms of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, pursuant to the approval of the shareholders of the Corporation at the 39th Annual General Meeting held on July 27, 2016; and
 issuance of 4,98,51,524 equity shares of Rs. 2 each of the Corporation under Employees Stock Option Scheme to the employees of the Corporation in terms of SEBI (Share Based Employee Benefits) Regulations, 2014, subject to the approval of the shareholders of the Corporation through Postal Ballot. 
 increase in the authorised share capital of the Corporation from Rs. 340 crore consisting of 170,00,00,000 equity shares of Rs. 2 each to Rs. 350 crore consisting of 175,00,00,000 equity shares of Rs. 2 each and consequential changes in the Memorandum of Association of the Corporation, subject to the approval of the shareholders of the Corporation through Postal Ballot.
The Postal Ballot Notice and other relevant information/ documents will be submitted with you in due course.
Please note that in terms of the HDFC Share Dealing Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in Securities of the Corporation by its employees and directors will open from Thursday, February 2, 2017.
You are requested to take note of the above and arrange to bring this to the notice of all concerned. 
Thanking you,
Yours faithfully,
For Housing Development Finance Corporation Limited
Ajay Agarwal
Company Secretary 
Encl: a.a.
cc:  London Stock Exchange,
 10, Paternoster Square, London, EC4M 7LS 
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http://www.rns-pdf.londonstockexchange.com/rns/4218V_-2017-1-30.pdf

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