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

Housing Development FinanceAnnouncement

04/05/2017 10:40

RNS Number : 1842E
Housing Development Fin. Corp. Ltd.
04 May 2017
Ref. No. SE/ 2017-18/29
May 4, 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., May 4, 2017, the Board has approved the audited financial results of the Corporation and the audited consolidated financial results for the year ended March 31, 2017, 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 Reports issued by the Statutory Auditors of the Corporation is enclosed herewith (Annex -1) 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 would like to state that Messrs Deloitte Haskins & Sells LLP, Statutory Auditors of the Corporation have issued Audit Reports with unmodified opinion on the said financial results.
We also enclose herewith the disclosures in accordance with Regulation 52(4) of the Listing Regulations (Annex - 2). A copy of the same duly signed by the Debenture Trustees will be sent to you in due course.
Dividend
The Board recommended a final dividend of ` 15 per equity share of face value of ` 2 each for the financial year 2016-17. The dividend, if approved by the Members, will be paid on Thursday, July 27, 2017. The total dividend for the year (including the interim dividend of Rs. 3 per equity share) is ` 18 per equity share as against ` 17 per equity share for the previous year.
Closure of Register of Members and Share Transfer Books
Register of Members and the Share Transfer Books of the Corporation shall remain closed from Tuesday, July 18, 2017 to Wednesday, July 26, 2017 (both days inclusive) for the purpose of payment of final dividend for the financial year 2016-17. 
Auditors
In accordance with the provisions of Section 139 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, Messrs Deloitte Haskins & Sells LLP are not eligible for re-appointment as the statutory auditors of the Corporation.
Accordingly, the Board on the recommendation of the Audit Committee of Directors has appointed Messrs B S R & Co. LLP, Chartered Accountants having registration no.101248W/W-100022, as the Statutory Auditors of the Corporation for a period of 5 (five) years from the conclusion of the ensuing AGM, subject to the approval of the Members of the Corporation at the ensuing AGM.
The brief profile of Messrs B S R & Co. LLP, Chartered Accountants is enclosed herewith (Annex -3). 
Articles of Association
The Board recommended the adoption of a new Articles of Association of the Corporation in conformity with the provisions of the Companies Act, 2013 to the Members at the ensuing AGM. The draft of the new Articles of Association will be submitted to the stock exchanges along with the notice convening the 40th AGM.
Issue of Rupee Denominated Bonds
The Board granted its in-principle approval for issuance of Rupee Denominated Bonds to overseas investors up to an amount not exceeding ` 5,000 crore under the automatic route. Further details including the terms of issue will be submitted with the stock exchanges prior to the said issue(s).
40th Annual General Meeting:
The Board approved that the 40th AGM of the Members of the Corporation will be held on Wednesday, July 26, 2017 at 2.30 p.m. at "Birla Matushri Sabhagar", 19, New Marine Lines, Mumbai 400 020.
Please note that the said Board meeting commenced at 12.00 noon and concluded at 2.05 p.m.
Please also 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 Monday, May 8, 2017.
We request you 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 
cc:  National Securities Depository Ltd
Kind Attn: Mr. Nitin Ambure  : Fax No: 022-66608035
cc:  Central Depository Services (India) Ltd
Kind Attn: Ms. Nayana Ovalekar  : Fax No: 022-22723199
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1842E_-2017-5-4.pdf


This information is provided by RNS
The company news service from the London Stock Exchange
  END
FR SSSSULFWSEDI