REG - Housing Dev Fin Corp - Financial Results for year ended March 31, 2020

Housing Development FinanceAnnouncement

26/05/2020 07:04

RNS Number : 8221N
  
Housing Development Fin. Corp. Ltd.
  
25 May 2020
  
 

Ref. No. SE/2020-21/44
 
May 25, 2020
 
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 25, 2020, the Board has approved the audited financial results of the Corporation (both standalone and consolidated) for the year ended March 31, 2020, 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 electronic version of newspapers, in the format prescribed under Regulation 47 of the Listing Regulations. Press release being issued by the Corporation on the said results and on impact of COVID-19 on the operations of the Corporation is also enclosed.
 
http://www.rns-pdf.londonstockexchange.com/rns/8221N_1-2020-5-25.pdf
 
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.
 
43rd Annual General Meeting:
 
The Board approved that the 43rd Annual General Meeting of the Members of the Corporation be held on Thursday, July 30, 2020 at 2.30 p.m.
 
Dividend:
 
The Board recommended a dividend of ` 21 per equity share of face value of ` 2 each for the financial year 2019-20. 
 
Dividend payment date: Friday, July 31, 2020. 
 
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 Monday, July 13, 2020 to Thursday, July 30, 2020 (both days inclusive) for taking record of the members of the Corporation for the purpose of payment of dividend for the financial year 2019-20. 
 




Symbol


Type of Security


Book Closure (both days inclusive)


Record Date


Purpose




From


To




NSE -HDFC
 
BSE - 500010


Equity Shares


July 13, 2020


July 30, 2020


-


Payment of Final Dividend




 
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 during a period of one year, subject to the approval of the Members.
 
Issue of shares under Employees Stock Option Scheme:
 
The Board also approved issuance of 3,55,55,000 equity shares of ` 2 each of the Corporation representing 2% of the expanded paid-up capital of the Corporation to the employees and directors (to the extent permissible) of the Corporation, under the Employees Stock Option Scheme - 2020, in terms of SEBI (Share Based Employee Benefits) Regulations, 2014, subject to the approval of the Members.
 
Disclosures under SEBI Circular on Fund raising by issuance of Debt Securities by Large Entities:
 
The Corporation being a Large Corporate under the above mentioned framework issued by SEBI vide its circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, has made initial and annual disclosures to the stock exchanges in prescribed format on April 30, 2020 and May 12, 2020, respectively. However, as required under the said circular, we once again enclose the said disclosures.
 
Please note that the said Board meeting commenced at 11.15 a.m. and concluded at 2.00 p.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 on Thursday, May 28, 2020.
 
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
 
Disclosures in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended March 31, 2020.
 
 
·    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, 2020, in case of the NCDs issued by the Corporation is 2.92
 
·    Debt-Equity ratio as on March 31, 2020 is 4.83
 
·    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-2.
 
·    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, 2020 is 0.48
 
·    Interest service coverage ratio as on March 31, 2020 is 1.66
 
·    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, 2020 is ` 86,158.06 crore.
 
·    Net Profit after Tax for the year ended March 31, 2020 is ` 17,769.65 crore.
 
·    Earnings per share as on March 31, 2020: Basic ` 102.91 and Diluted ` 102.12
 
 
 
 
Annexure - A.2
 
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, 2019 to March 31, 2020)


Interest 
(April 1, 2020 to September 30, 2020)


Principal
(April 1, 2020 to September 30, 2020)




Interest


Principal


Next due date


Amount (Rs. in crore)


Next due date


Amount (Rs. in crore)






1


141 (E-023)


INE001A07DE3


12-Dec-19


12-Dec-19


-


-


-


-




2


193 (G-012)


INE001A07FG3


-


-


08-Apr-20


44.80


-


-




3


196 (G-015)


INE001A07FJ7


-


-


09-Apr-20


44.80


-


-




4


199 (H-003)


INE001A07FM1


-


-


20-May-20


21.63


20-May-20


250.00




5


204 (H-008)


INE001A07FR0


-


-


21-Jul-20


43.95


21-Jul-20


500.00




6


206 (H-010)


INE001A07FT6


-


-


18-Aug-20


44.50


18-Aug-20


500.00




7


208 (H-012)


INE001A07FV2


19-Oct-19


-


-


-


-


-




8


209 (H-013)


INE001A07FW0


26-Nov-19


-


-


-


-


-




9


212 (H-016)


INE001A07FZ3


23-Dec-19 23-Mar-20


-


23-Jun-20 23-Sep-20


11.31 11.31


-


-




10


216 (H-020)


INE001A07GD8


18-Jan-20


-


-


-


-


-




11


227 (H-031)


INE001A07GO5


-


-


13-Apr-20


17.39


-


-




12


I-001


INE001A07GP2


-


-


03-May-20


94.00


-


-




13


I-007


INE001A07GV0


-


-


10-Jun-20


39.60


-


-




14


I-012


INE001A07HA2


-


-


20-Jul-20


42.98


-


-




15


I-016


INE001A07HE4


-


-


17-Aug-20


18.90


-


-




16


I-019


INE001A07HH7


-


-


23-Sep-20


24.00


-


-




17


I-021


INE001A07HJ3


11-Nov-19


-


-


-


-


-




18


J-002


INE001A07II3


-


-


09-May-20


19.00


-


-




19


J-008


INE001A07IO1


-


-


04-Jul-20


19.00


-


-




20


K-024


INE001A07KU4


21-Mar-20


-


-


-


-


-




21


M-009


INE001A07MS4


-


-


24-Jun-20


47.12


-


-




22


M-014


INE001A07MX4


-


-


13-Aug-20


45.13


-


-




23


M-018


INE001A07NB8


-


-


28-Aug-20


93.40


-


-




24


N-001


INE001A07NG7


06-Jan-20


06-Jan-20


-


-


-


-




25


N-002


INE001A07NH5


13-Jan-20


13-Jan-20


-


-


-


-




26


N-003


INE001A07NI3


-


15-Jan-20


-


-


-


-




27


N-004


INE001A07NJ1


23-Jan-20


-


-


-


-


-




28


N-008


INE001A07NN3


25-Feb-20


-


-


-


-


-




29


N-010


INE001A07NP8


04-Mar-20


-


-


-


-


-




30


N-015


INE001A07NU8


-


-


27-Apr-20


105.34


27-Apr-20


1251.00




31


N-017


INE001A07NW4


-


-


18-May-20


125.46


18-May-20


1450.00




32


O-001


INE001A07NZ7


-


-


31-Aug-20


170.00


31-Aug-20


2000.00




33


O-002


INE001A07OA8


-


-


18-Sep-20


95.15


18-Sep-20


1100.00




34


P-002


INE001A07OO9


04-Mar-20


-


-


-


-


-




35


P-003


INE001A07OP6


-


09-Mar-20


-


-


-


-




36


P-006


INE001A07OS0


-


-


26-Apr-20


41.86


-


-




37


P-007


INE001A07OT8


-


-


04-May-20


41.60


-


-




38


P-011


INE001A07OX0


-


-


13-May-20


86.42


-


-




39


P-012


INE001A07OY8


-


-


18-May-20


126.06


-


-




40


P-015


INE001A07PB3


-


-


01-Jun-20


59.92


-


-




41


P-016


INE001A07PC1


-


-


15-Jun-20


84.60


-


-




42


P-018


INE001A07PE7


20-Mar-20


20-Mar-20


-


-


-


-




43


P-019


INE001A07PF4


-


-


24-Jun-20


45.26


-


-




44


P-023


INE001A07PJ6


-


-


29-Jul-20


41.00


-


-




45


Q-003


INE001A07PN8


-


-


24-Aug-20


78.57


-


-




46


Q-007


INE001A07PR9


04-Oct-19   04-Dec-19


04-Dec-19


-


-


-


-




47


Q-009


INE001A07PT5


18-Oct-19  18-Nov-19


18-Nov-19


-


-


-


-




48


Q-010


INE001A07PU3


11-Nov-19


11-Nov-19


-


-


-


-




49


Q-011


INE001A07PV1


18-Nov-19


-


-


-


-


-




50


Q-013


INE001A07PX7


-


09-Mar-20


-


-


-


-




51


Q-014


INE001A07PY5


12-Jan-20  12-Feb-20


12-Feb-20


-


-


-


-




52


Q-015


INE001A07PZ2


-


18-Feb-20


-


-


-


-




53


Q-017


INE001A07QB1


30-Mar-20


30-Mar-20


-


-


-


-




54


R-002


INE001A07QD7


17-Mar-20


17-Mar-20


-


-


-


-




55


R-004


INE001A07QF2


24-Mar-20


24-Mar-20


-


-


-


-




56


R-005


INE001A07QG0


27-Mar-20


27-Mar-20


-


-


-


-




57


R-006


INE001A07QH8


-


-


13-Apr-20


424.01


13-Apr-20


1500.00




58


R-007


INE001A07QI6


-


-


18-Apr-20  18-Jun-20


252.54 42.21


18-Jun-20


2300.00




59


R-008


INE001A07QJ4


-


-


24-Apr-20


419.46


24-Apr-20


1520.00




60


R-009


INE001A07QK2


-


-


19-May-20


38.35


19-May-20


500.00




61


R-010


INE001A07QL0


-


-


22-Jun-20


143.75


22-Jun-20


1250.00




62


R-011


INE001A07QM8


-


-


29-Jun-20


86.25


29-Jun-20


750.00




63


R-014


INE001A07QP1


-


-


26-Jun-20


152.00


26-Jun-20


2000.00




64


R-015


INE001A7QQ9


-


-


13-Jun-20   07-Jul-20


112.50  7.40


07-Jul-20


1500.00




65


R-016


INE001A07QR7


-


-


16-Sep-20


234.60


16-Sep-20


2000.00




66


R-018


INE001A07QT3


-


-


20-Jun-20


53.50


-


-




67


R-023


INE001A07QY3


-


-


01-Aug-20 01-Sep-20


144.00 12.23


01-Sep-20


2000.00




68


S-004


INE001A07RC7


17-Nov-19


-


-


-


-


-




69


U-001


INE001A07RG8


16-Oct-19


-


-


-


-


-




70


U-002


INE001A07RH6


13-Dec-19


13-Dec-19


-


-


-


-




71


U-003


INE001A07RI4


01-Nov-19


-


-


-


-


-




72


U-004


INE001A07RJ2


20-Nov-19


-


-


-


-


-




73


U-005


INE001A07RK0


29-Nov-19


-


-


-


-


-




74


U-006


INE001A07RL8


-


-


18-Jun-20


132.00


18-Jun-20


1500.00




75


U-007


INE001A07RM6


21-Dec-19


-


-


-


-


-




76


U-008


INE001A07RN4


15-Jan-20


-


-


-


-


-




77


U-009


INE001A07RO2


25-Feb-20


25-Feb-20


-


-


-


-




78


U-010


INE001A07RP9


15-Oct-19


-


-


-


-


-




79


V-001


INE001A07RQ7


-


-


28-May-20


127.80


28-May-20


1500.00




80


V-002


INE001A07RR5


-


-


15-Jul-20


231.05


15-Jul-20


2715.00




81


V-003


INE001A07RS3


18-Mar-20


-


-


-


-


-




82


V-004


INE001A07RT1


27-Mar-20


-


-


-


-


-




83


V-005


INE001A07RU9


-


-


20-Jun-20


182.33


-


-




84


V-006


INE001A07RV7


-


-


11-Jul-20


204.14


-


-




85


V-007


INE001A07RW5


-


-


18-Jul-20


393.50


-


-




86


V-008


INE001A07RX3


-


-


14-Aug-20


158.20


-


-




87


W-001


INE001A07RY1


-


-


16-Sep-20


185.90


-


-




88


W-002


INE001A07RZ8


-


-


26-Sep-20


145.60


-


-




89


W-007


INE001A07SF8


-


-


28-Jun-20


99.11


-


-




 
 


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