REG - Housing Dev Fin Corp - Annual Financial Report
RNS Number : 7934YHousing Development Fin. Corp. Ltd.13 May 2019Ref. No. SE/2019-20/46
May 13, 2019
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Exchange Plaza, 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 of the Corporation held today i.e., May 13, 2019, the Board has approved the audited financial results of the Corporation (both standalone and consolidated) for the year ended March 31, 2019, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).
We would like to state that the statutory auditors of the Corporation have issued audit reports with unmodified opinion on the financial statements.
A copy of the said results along with the Reports issued by the Statutory Auditors of the Corporation with unmodified opinion are enclosed herewith and the same are being uploaded on the website of the Corporation i.e. www.hdfc.com and will also be published in the newspapers, in the format prescribed under Regulation 47 of the Listing Regulations.
We also enclose herewith the disclosures in accordance with Regulation 52(4) of the Listing Regulations. A copy of the same duly signed by the Debenture Trustees will be sent to you within the time period stipulated under the said Regulations.
42nd Annual General Meeting:
The Board approved that the 42nd Annual General Meeting of the Members of the Corporation be held on Friday, August 2, 2019 at 2.30 p.m. at "Birla Matushri Sabhagar", 19, New Marine Lines, Mumbai 400 020.
Dividend:
The Board recommended a final dividend of ` 17.50 per equity share of face value of ` 2 each for the financial year 2018-19. The total dividend for the year (including the interim dividend of ` 3.50 per equity share) is ` 21 per equity share as against ` 20 per equity share for the previous year.
Dividend payment date: Saturday, August 3, 2019.
Closure of Register of Members and Share Transfer Books:
The Register of Members and the Share Transfer Books of the Corporation shall remain closed from Tuesday, July 23, 2019 to Friday, August 2, 2019 (both days inclusive) for taking record of the members of the Corporation for the purpose of payment of final dividend for the financial year 2018-19.
Symbol
Type of Security
Book Closure (both days inclusive)
Record Date
Purpose
From
To
NSE -HDFC
BSE - 500010
Equity Shares
July 23, 2019
August 2, 2019
-
Payment of Final Dividend
Re-appointment of Directors:
The Board, on the recommendation of the Nomination and Remuneration Committee of Directors, approved the re-appointment of Mr. Nasser Munjee (DIN: 00010180) and Dr. J. J. Irani (DIN: 00311104) as Independent Directors of the Corporation for a term of 2 (two) consecutive years each with effect from July 21, 2019, subject to the approval of the Members at the ensuing Annual General Meeting.
The Corporation hereby confirms that Mr. Nasser Munjee and Dr. J. J. Irani are not debarred from holding office of director by virtue of any order passed by SEBI or any such authority and are not related to any Directors or Key Managerial Personnel of the Corporation. The brief profile of Mr. Nasser Munjee and Dr. J. J. Irani is enclosed herewith as Annexure A.1.
Issue of Debt Securities:
The Board also approved issuance of Redeemable Non-Convertible Debentures (secured or unsecured) and/or any other hybrid instruments (not in nature of equity shares) up to ` 1,25,000 crore on a private placement basis in terms of the provisions of Section 42 and other applicable provisions of the Companies Act, 2013, subject to approval of the Members at the ensuing Annual General Meeting.
Please note that the said Board meeting commenced at 8.45 a.m. and concluded at 11.55 a.m.
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 of the Corporation will open from Thursday, May 16, 2019.
We request you to take note of the above and arrange to bring this to the notice of all concerned.
Thank 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
cc: All recognised Stock Exchanges in India
cc: NSDL: Kind Attn: Ms. Neha D : Fax No: 022-66608035
cc: CDSL: Kind Attn: Mr. Prem Mariwala : Fax No: 022-22723199
Annexure - A.1
Brief Profile of Mr. Nasser Munjee
Mr. Nasser Munjee (DIN: 00010180) holds a Master's degree in Economics from the London School of Economics, UK. He is deeply interested in development and infrastructure issues. He has consulted across the world on housing finance with the Asian Development Bank, World Bank, United Nations Capital Development Fund (UNCDF) and UN (Habitat) including in Sri Lanka, Bhutan, Ethiopia, Thailand and Indonesia. Mr. Munjee was also on the executive committee of the International Union of Housing Finance Institutions and editor of its flagship journal Housing Finance International for five years. He is the Chairman of DCB Bank Limited. He was earlier the Executive Director of the Corporation and was working with the Corporation from 1978 to 1998. He has been a Director of the Corporation since 1993. He is also the Chairman of Risk Management Committee and a member of the Audit Committee of Directors and Nomination and Remuneration Committee of Directors.
Brief Profile of Dr. J. J. Irani
Dr. J. J. Irani (DIN: 00311104) holds a Master's degree in Science from the Nagpur University. He also holds a Master's and Doctorate degree in Metallurgy from University of Sheffield, UK. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in India. Queen Elizabeth II conferred on him honorary Knighthood (KBE) for his contribution to Indo-British Trade and Co-operation. He has been a Director of the Corporation since 2008. He is also the Chairman of Stakeholders Relationship Committee of Directors and the Nomination and Remuneration Committee of Directors.
Annexure - A.2
Disclosures in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended March 31, 2019.
· The Secured Redeemable Non-Convertible Debentures (NCDs) issued by the Corporation have been assigned the highest rating of 'CRISIL AAA/Stable' and 'ICRA AAA/Stable'.
· Asset cover available as on March 31, 2019, in case of the NCDs issued by the Corporation is 2.97
· Debt-Equity ratio as on March 31, 2019 is 4.72
· The Corporation has paid interest and principal on NCDs on due dates. Details of payment of interest/ principal of the Secured Redeemable Non-Convertible Debentures as required under Regulation 52(4)(d) and Regulation 52(4)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is provided in Annexure - A-1.
· Intimation in terms of Regulations 30 and 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding payment of interest and principal amount in respect of all listed debt securities is submitted to the stock exchanges as and when the payment is done by the Corporation and the same is also sent to the Debenture Trustees.
· Debt service coverage ratio as on March 31, 2019 is 0.49
· Interest service coverage ratio as on March 31, 2019 is 1.47
· The Corporation is not required to create Debenture Redemption Reserve as per the General Circular no. 4/2003 dated January 16, 2003 issued by the Department of Company Affairs and Rule 18(7) (b) (ii) of Companies (Share Capital and Debentures) Rules, 2014.
· Net worth as on March 31, 2019 is `77,355.47 crore.
· Net Profit after Tax for the year ended March 31, 2019 is ` 9,632.46 crore.
· Earnings per share as on March 31, 2019: Basic ` 56.53 and Diluted ` 56.08
Annexure - A.3
Details of payment of interest/ principal of the Secured Redeemable Non-Convertible Debentures in accordance with Regulation 52(4)(d) and Regulation 52(4)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sr. No.
NCD Series
ISIN No.
Previous due date
October 1, 2018 to March 31, 2019)
Interest
(April 1, 2019 to September 30, 2019)
Principal
(April 1, 2019 to September 30, 2019)
Interest
Principal
Next due date
Amount (Rs. in crore)
Next due date
Amount (Rs. in crore)
1
141 (E-023)
INE001A07DE3
12-Dec-18
-
-
-
-
-
2
169 (F-011)
INE001A07EG6
27-Oct-18
27-Oct-18
-
-
-
-
3
170 (F-012)
INE001A07EH4
04-Nov-18
04-Nov-18
-
-
-
-
4
171 (F-013)
INE001A07EI2
26-Nov-18
26-Nov-18
-
-
-
-
5
172 (F-014)
INE001A07EJ0
26-Nov-18
26-Nov-18
-
-
-
-
6
175 (F-017)
INE001A07EM4
23-Dec-18
23-Dec-18
-
-
-
-
7
176 (F-018)
INE001A07EN2
29-Dec-18
29-Dec-18
-
-
-
-
8
177 (F-019)
INE001A07EO0
02-Jan-19
02-Jan-19
-
-
-
-
9
193 (G-012)
INE001A07FG3
-
-
08-Apr-19
44.80
-
-
10
196 (G-015)
INE001A07FJ7
-
-
09-Apr-19
44.80
-
-
11
199 (H-003)
INE001A07FM1
-
-
20-May-19
21.63
-
-
12
204 (H-008)
INE001A07FR0
-
-
21-Jul-19
43.95
-
-
13
206 (H-010)
INE001A07FT6
-
-
18-Aug-19
44.50
-
-
14
208 (H-012)
INE001A07FV2
19-Oct-18
-
-
-
-
-
15
209 (H-013)
INE001A07FW0
26-Nov-18
-
-
-
-
-
16
212 (H-016)
INE001A07FZ3
23-Dec-18 23-Mar-19
-
23-Jun-19 23-Sep-19
11.34 11.34
-
-
17
216 (H-020)
INE001A07GD8
18-Jan-19
-
-
-
-
-
18
227 (H-031)
INE001A07GO5
-
-
13-Apr-19
17.39
-
-
19
I-001
INE001A07GP2
-
-
03-May-19
94.00
-
-
20
I-007
INE001A07GV0
-
-
10-Jun-19
39.60
-
-
21
I-012
INE001A07HA2
-
-
20-Jul-19
42.98
-
-
22
I-016
INE001A07HE4
-
-
17-Aug-19
18.90
-
-
23
I-019
INE001A07HH7
-
-
23-Sep-19
24.00
-
-
24
I-021
INE001A07HJ3
11-Nov-18
-
-
-
-
-
25
J-002
INE001A07II3
-
-
09-May-19
19.00
-
-
26
J-008
INE001A07IO1
-
-
04-Jul-19
19.00
-
-
27
K-024
INE001A07KU4
21-Mar-19
-
-
-
-
-
28
L-004
INE001A07LW8
-
30-Oct-18
-
-
-
-
29
L-015
INE001A07MG9
17-Jan-19
17-Jan-19
-
-
-
-
30
L-016
INE001A07MH7
19-Jan-19
19-Jan-19
-
-
-
-
31
M-009
INE001A07MS4
-
-
24-Jun-19
46.99
-
-
32
M-014
INE001A07MX4
-
-
13-Aug-19
45.13
-
-
33
M-015
INE001A07MY2
-
-
21-Aug-19
186.17
21-Aug-19
1970.00
34
M-016
INE001A07MZ9
-
-
26-Aug-19
64.21
26-Aug-19
685.00
35
M-018
INE001A07NB8
-
-
28-Aug-19
93.40
-
-
36
N-001
INE001A07NG7
06-Jan-19
-
-
-
-
-
37
N-002
INE001A07NH5
13-Jan-19
-
-
-
-
-
38
N-004
INE001A07NJ1
23-Jan-19
-
-
-
-
-
39
N-008
INE001A07NN3
25-Feb-19
-
-
-
-
-
40
N-010
INE001A07NP8
04-Mar-19
-
-
-
-
-
41
N-015
INE001A07NU8
-
-
27-Apr-19
106.79
-
-
42
N-017
INE001A07NW4
-
-
18-May-19
126.84
-
-
43
O-001
INE001A07NZ7
-
-
31-Aug-19
170.00
-
-
44
O-002
INE001A07OA8
-
-
18-Sep-19
95.15
-
-
45
O-004
INE001A07OD2
23-Oct-18
23-Oct-18
-
-
-
-
46
O-007
INE001A07OG5
30-Nov-18
30-Nov-18
-
-
-
-
47
O-008
INE001A07OH3
08-Dec-18 15-Mar-19
15-Mar-19
-
-
-
-
48
O-009
INE001A07OI1
08-Jan-19 08-Feb-19
08-Feb-19
-
-
-
-
49
O-011
INE001A07OK7
27-Jan-19 27-Feb-19
27-Feb-19
-
-
-
-
50
O-012
INE001A07OL5
28-Feb-19
28-Feb-19
-
-
-
-
51
O-013
INE001A07OM3
03-Feb-19
-
14-Jun-19
12.70
14-Jun-19
415.00
52
P-001
INE001A07ON1
22-Feb-19 22-Mar-19
22-Mar-19
-
-
-
-
53
P-002
INE001A07OO9
04-Mar-19
-
-
-
-
-
54
P-004
INE001A07OQ4
11-Mar-19
-
15-Apr-19
2.88
15-Apr-19
345.00
55
P-005
INE001A07OR2
-
-
12-Aug-19
81.69
12-Aug-19
1000.00
56
P-006
INE001A07OS0
-
-
26-Apr-19
41.75
-
-
57
P-007
INE001A07OT8
-
-
04-May-19
41.60
-
-
58
P-008
INE001A07OU6
06-Mar-19
06-Mar-19
-
-
-
-
59
P-011
INE001A07OX0
-
-
13-May-19
86.19
-
-
60
P-012
INE001A07OY8
-
-
18-May-19
127.44
-
-
61
P-013
INE001A07OZ5
-
-
24-May-19 24-Jul-19
61.69 10.31
24-Jul-19
730.00
62
P-015
INE001A07PB3
-
-
01-Jun-19
59.92
-
-
63
P-016
INE001A07PC1
-
-
15-Jun-19
84.60
-
-
64
P-017
INE001A07PD9
11-Mar-19
11-Mar-19
-
-
-
-
65
P-018
INE001A07PE7
-
-
20-Jun-19
42.45
-
-
66
P-019
INE001A07PF4
-
-
24-Jun-19
45.14
-
-
67
P-020
INE001A07PG2
-
-
28-Jun-19
11.48
28-Jun-19
135.00
68
P-021
INE001A07PH0
-
-
15-Jul-19
77.30
15-Jul-19
925.00
69
P-023
INE001A07PJ6
-
-
29-Jul-19
40.89
-
-
70
Q-002
INE001A07PM0
-
-
23-Aug-19 23-Sep-19
79.50 6.75
23-Sep-19
1000.00
71
Q-003
INE001A07PN8
-
-
24-Aug-19
79.43
-
-
72
Q-007
INE001A07PR9
04-Oct-18
-
-
-
-
-
73
Q-008
INE001A07PS7
12-Oct-18
12-Oct-18
-
-
-
-
74
Q-009
INE001A07PT5
18-Oct-18
-
-
-
-
-
75
Q-010
INE001A07PU3
11-Nov-18
-
-
-
-
-
76
Q-011
INE001A07PV1
18-Nov-18
-
-
-
-
-
77
Q-012
INE001A07PW9
22-Nov-18
22-Nov-18
-
-
-
-
78
Q-014
INE001A07PY5
12-Jan-19
-
-
-
-
-
79
Q-016
INE001A07QA3
25-Jan-19
25-Jan-19
-
-
-
-
80
Q-017
INE001A07QB1
30-Mar-19
-
-
-
-
-
81
R-002
INE001A07QD7
17-Mar-19
-
-
-
-
-
82
R-003
INE001A07QE5
20-Mar-19
20-Mar-19
-
-
-
-
83
R-004
INE001A07QF2
24-Mar-19
-
-
-
-
-
84
R-007
INE001A07QI6
-
-
18-Apr-19
252.54
-
-
85
R-009
INE001A07QK2
-
-
19-May-19
38.35
-
-
86
R-010
INE001A07QL0
-
-
22-Jun-19
143.75
-
-
87
R-011
INE001A07QM8
-
-
29-Jun-19
86.25
-
-
88
R-012
INE001A07QN6
-
-
05-Jun-19
752.93
05-Jun-19
1000.00
89
R-014
INE001A07QP1
-
-
26-Jun-19
152.00
-
-
90
R-015
INE001A7QQ9
-
-
13-Jun-19
112.50
-
-
91
R-016
INE001A07QR7
-
-
16-Sep-19
234.60
-
-
92
R-018
INE001A07QT3
-
-
20-Jun-19
53.50
-
-
93
R-019
INE001A07QU1
25-Mar-19
25-Mar-19
-
-
-
-
94
R-021
INE001A07QW7
11-Dec-18
11-Dec-18
-
-
-
-
95
R-022
INE001A07QX5
-
-
24-Jul-19
250.95
24-Jul-19
3500.00
96
R-023
INE001A07QY3
-
-
01-Aug-19
144.00
-
-
97
S-001
INE001A07QZ0
28-Dec-18
28-Dec-18
-
-
-
-
98
S-002
INE001A07RA1
-
-
06-Sep-19
140.00
06-Sep-19
2000.00
99
S-003
INE001A07RB9
-
18-Dec-18
-
-
-
-
100
S-004
INE001A07RC7
17-Nov-18
-
-
-
-
-
101
S-005
INE001A07RD5
20-Feb-19
20-Feb-19
-
-
-
-
102
T-001
INE001A07RE3
20-Mar-19
20-Mar-19
-
-
-
-
103
T-002
INE001A07RF0
-
-
21-Jun-19
196.25
21-Jun-19
2500.00
104
U-002
INE001A07RH6
13-Dec-18
-
-
-
-
-
105
U-006
INE001A07RL8
-
-
18-Jun-19
65.82
-
-
106
U-009
INE001A07RO2
25-Feb-19
-
-
-
-
-
107
V-001
INE001A07RQ7
-
-
28-May-19
31.16
-
-
108
V-002
INE001A07RR5
-
-
15-Jul-19
79.76
-
-
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