REG - Housing Dev Fin Corp - Outcome of Board Meeting - 29.01.2019

Housing Development FinanceAnnouncement

29/01/2019 08:55

RNS Number : 3889O
Housing Development Fin. Corp. Ltd.
29 January 2019
 


 
Ref. No. SE/2018-19/ 343
 
January 29, 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 held today i.e., January 29, 2019, the Board has approved the unaudited financial results [standalone] of the Corporation for the quarter/nine months ended December 31, 2018, which have been subjected to a 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 report issued by the Statutory Auditors of the Corporation is enclosed herewith and the same are being uploaded on the website of the Corporation i.e. www.hdfc.com. The quarter/ nine months ended results will also be published in the newspapers, in the format prescribed under Regulation 47 of the Listing Regulations.
 
We further wish to inform you that the Board of Directors at the said meeting also granted its approval for issuance of secured redeemable non-convertible debentures under a Shelf Disclosure Document (Series - V), aggregating to ` 45,000 crore, in various tranches, on a private placement basis, in terms of approval of the shareholders of the Corporation at the 41st Annual General Meeting held on July 30, 2018.
 
We also wish to inform you that the Board at the said meeting, on the recommendation of the Nomination and Remuneration Committee of Directors, approved the appointment of Ms. Ireena Vittal (DIN: 05195656) as an Independent Director (Additional Director) on the Board of Directors of the Corporation for a period of 5 years with effect from January 30, 2019, subject to the approval of the Members of the Corporation. The Corporation hereby affirms that Ms. Ireena Vittal is not debarred from holding the office of director by virtue of any order passed by SEBI or any other such authority and is not related to any Directors or Key Managerial Personnel of the Corporation. The brief profile of Ms. Ireena Vittal is enclosed herewith as Annexure A.
 
 
Please note that the said Board meeting commenced at 11.30 a.m. and concluded at 1.50 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 Friday, February 1, 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
           
 
Annexure A
 
 
BRIEF PROFILE OF MS. IREENA VITTAL
 
Ms. Ireena Vittal is among India's most respected consultant and advisor. She was a partner with McKinsey & Co, for 16 years where she served global companies on issues of growth and sustainable scale up. 
 
She has also served government and public institutions to design and implement solutions core to India's development, such as inclusive urban development and sustainable rural growth. 
 
Ms. Ireena Vittal holds a B.Sc. in Electronics from Osmania University and a PGDM from IIM, Calcutta and has co-authored several studies relating to agriculture and urbanisation.
 
She is now an independent director on several boards including Titan, Indian Hotels, Wipro, Cipla, Godrej Consumer, and Compass (a FTSE 30 company).
 


Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/3889O_1-2019-1-29.pdf




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ROMPGUWWGUPBURB