REG - Housing Dev Fin Corp - Outcome of Annual General Meeting - June 30, 2022

Housing Development FinanceAnnouncement

30/06/2022 16:30

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RNS Number : 8943Q  Housing Development Fin. Corp. Ltd.  30 June 2022

Ref. No.: SE/2022-23/85

 

June 30, 2022

 

BSE
Limited
National Stock Exchange of India Limited

P. J.
Towers
Exchange Plaza, Plot No. C/1, G Block

Dalal
Street
Bandra-Kurla Complex

Mumbai 400
001
Bandra (East), Mumbai 400 051

 

Kind Attn:   Sr. General Manager                             Kind Attn: Head - Listing
 DCS - Listing Department
 

Dear Sirs,

 

Sub:    Intimation under Regulations 30 and 44 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (Listing
Regulations)

 

We wish to inform you that the 45(th) Annual General Meeting (AGM) of the
Members of the Corporation was held today i.e. on June 30, 2022 at 2.00 p.m.
via two-way Video Conference. The Members who participated at the AGM
transacted the businesses mentioned in the Notice dated May 2, 2022.

 

In this connection and as required under the Listing Regulations and the
applicable provisions of the Companies Act, 2013, we submit the following:

 

1.   Summary of the proceedings of the AGM;

2.   Combined e-voting results in the prescribed format; and

3.   Report on combined e-voting results dated June 30, 2022 issued by the
Scrutinizer i.e. Mr. Bhaskar Upadhyay, Partner, Messrs N. L. Bhatia &
Associates, Practising Company Secretaries.

 

You are requested to kindly take the above documents on record.

 

Thank you.

 

Yours faithfully,

For Housing Development Finance Corporation Limited

 

 

Ajay Agarwal

Company Secretary

 

Encl. a/a

http://www.rns-pdf.londonstockexchange.com/rns/8943Q_1-2022-6-30.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8943Q_1-2022-6-30.pdf)

 

cc.        The London Stock Exchange

            10, Paternoster Square,

            London, EC4M 7LS.

Summary of the Proceedings of the 45(th) Annual General Meeting of the
Corporation

 

The 45(th) Annual General Meeting (AGM) of the Members of the Corporation was
held on Thursday, June 30, 2022 at 2:00 p.m. via two-way Video Conference (VC)
in compliance with the applicable laws including circulars issued by the
Ministry of Corporate Affairs ('MCA Circulars'), Securities and Exchange Board
of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations,
2015 from time to time and applicable provisions of the Companies Act, 2013
and the Rules made thereunder.

 

240 Members (including corporate representatives) attended the AGM through VC.
The requisite quorum being present through VC at 2.00 p.m., Mr. Deepak S.
Parekh, Chairman of the Corporation commenced the AGM and welcomed the Members
to the meeting. The Chairman confirmed that the Corporation had taken adequate
steps and all efforts feasible, to enable Members to participate and vote on
the resolutions being considered at the AGM.

 

The Chairman confirmed that all the directors of the Corporation were present
at the AGM including Mr. Jalaj Dani, Chairman of the Audit and Governance
Committee, Ms. Ireena Vittal, Chairperson of the Stakeholders Relationship
Committee and Mr. U. K. Sinha, Chairman of the Nomination and Remuneration
Committee of Directors of the Corporation. He further confirmed that certain
members of senior management, the Company Secretary and representatives of the
statutory and secretarial auditors, who were also invited to participate in
the proceedings of the Meeting, participated through VC.

 

The Chairman thereafter informed that the Corporation has enabled the Members
to participate at the said AGM through the VC facility provided by National
Securities Depository Limited (NSDL) and stated that the proceedings of the
AGM could be viewed through the website of the Corporation via one way live
webcast.

 

The Chairman informed that the requisite registers and documents were
available for inspection by the Members till the conclusion of the meeting.

 

The Chairman then commenced his speech and provided an insight on the major
developments during the financial year 2021-22. He then gave an overview about
the macro-economic environment including financial parameters, real estate
sector and mortgage and financial performance of the Corporation during the
financial year ended March 31, 2022. Thereafter, he invited questions from the
Members on the performance of the Corporation and the said businesses.

 

After all the queries were raised, Mr. Parekh along with Mr. Keki M. Mistry,
Vice Chairman & CEO gave detailed responses to the said queries.

 

Mr. Parekh thereafter concluded his speech by placing on record his profound
gratitude to all the stakeholders for having reposed their confidence in the
Corporation, to the employees of the Corporation for their hard work and
dedication. Thereafter, he informed that the Members who had not cast their
vote through the remote e-voting, may cast their vote through the e-voting
platform being provided by NSDL within next 30 minutes i.e. upto 5.07 p.m. The
AGM accordingly, was concluded at 5.07 p.m.

 

The following businesses as set out in the Notice dated May 2, 2022 convening
this AGM were transacted through e-voting (remote e-voting and e-voting during
the AGM):

 

Ordinary Business:

 

1(a). Adoption of the audited financial statements of the Corporation for the
financial year ended March 31, 2022 together with the reports of the Board of
Directors and Auditors thereon.

 

1(b). Adoption of the audited consolidated financial statements for the
financial year ended March 31, 2022 together with the report of the Auditors
thereon.

 

2.       Declaration of dividend on equity shares of the Corporation for
the financial year ended March 31, 2022.

 

3.      Re-appointment of Mr. V. Srinivasa Rangan (DIN: 00030248) as a
Director of the Corporation, who retires by rotation and being eligible offers
himself for re-appointment.

 

4.      Fixing of the annual remuneration of Messrs S.R. Batliboi &
Co. LLP, Chartered Accountants (Firm Registration No. 301003E/E300005 issued
by The Institute of Chartered Accountants of India), Joint Statutory Auditors
of the Corporation for the financial year 2022-23 and for such years
thereafter till the same is revised.

 

5.      Fixing of the annual remuneration of Messrs G. M. Kapadia &
Co., Chartered Accountants (Firm Registration No. 104767W issued by The
Institute of Chartered Accountants of India), Joint Statutory Auditors of the
Corporation for the financial year 2022-23 and for such years thereafter till
the same is revised.

 

Special Business:

 

6.      Re-appointment of Mr. Deepak S. Parekh (DIN: 00009078) as a
Non-Executive Director of the Corporation, who retires by rotation and being
eligible, offers himself for

re-appointment.

 

7.      Re-appointment of Ms. Renu Sud Karnad (DIN: 00008064) as the
Managing Director of the Corporation for a period of 2 (two) years with effect
from September 3, 2022.

 

8.      Approval of related party transactions with HDFC Bank Limited.

 

9.      Approval of related party transactions with HDFC Life Insurance
Company Limited.

 

10.    Approval for issuance of redeemable non-convertible debentures
and/or other hybrid instruments on private placement basis, up to an amount
not exceeding `1,25,000 crore during a period of one year from the date of
AGM.

 

Based on the Scrutinizer's Report dated June 30, 2022 issued by Mr. Bhaskar
Upadhyay, Partner of Messrs N. L. Bhatia & Associates, practising company
secretaries, all the aforementioned businesses were passed by the Members with
requisite majority.

 

 

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