REG - Housing Dev Fin Corp - Outcome of Board Meeting - May 4, 2023

Housing Development FinanceAnnouncement

04/05/2023 10:15

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RNS Number : 4365Y  Housing Development Fin. Corp. Ltd.  04 May 2023

Ref. No. SE/2023-24/46

 

May 4, 2023

 

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 4, 2023, the Board has approved the audited
financial statements of the Corporation (both standalone and consolidated) for
the year ended March 31, 2023, in terms of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (Listing
Regulations).

 

We would like to state that the joint statutory auditors of the Corporation
have issued audit reports with unmodified opinion on the financial statements.

 

Accordingly, please find enclosed the said statements (Annexure A) along with
the following documents:

 

1.   Audit reports issued by the Joint Statutory Auditors of the
Corporation;

 

2.   'Nil' statement of deviation or variation for equity & warrants and
non-convertible debentures issued by the Corporation; and

 

3.   Disclosure of Related Party Transactions during the half-year ended
March 31, 2023.

 

4.  Certificate from the Joint Statutory Auditors towards security cover
available for Non-Convertible Debentures issued by the Corporation, in terms
of Regulation 54(3) of the Listing Regulations.

 

The aforesaid documents are being uploaded on the website of the Corporation
i.e. www.hdfc.com (http://www.hdfc.com) and the said results will also be
published in the newspapers, in the format prescribed under Regulation 47 of
the Listing Regulations.

 

Further, please note that the disclosures as required under Regulation 52(4)
of the Listing Regulations forms part of the said financial results.

 

Dividend:

 

The Board declared an interim dividend of ` 44 per equity share of face value
of ` 2 each for the financial year ended March 31, 2023.

Dividend payment date: Thursday, June 1, 2023 onwards

 

Record date:

 

The Record Date for determining the shareholders entitled to the interim
dividend for the financial year ended March 31, 2023, as approved by the board
shall be Tuesday, May 16, 2023.

 

 Symbol         Type of Security  Record Date     Purpose

 NSE -HDFC      Equity Shares      May 16, 2023   Payment of Interim Dividend for financial year ended March 31, 2023

 BSE - 500010

 

Re-appointment of Chief Risk Officer:

 

The Board approved re-appointment of Mr. Mathew Joseph, Member of Executive
Management as the Chief Risk Officer of the Corporation with effect from June
1, 2023 for a period of 6 months or till the effective date of ongoing merger
between the Corporation with and into HDFC Bank Limited, whichever is earlier.

 

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 27, 2023 and April 28, 2023
respectively. However, as required under the said circular, we once again
enclose the said disclosures as Annexure B.

 

Please note that in terms of the HDFC Securities 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 shall open on May
7, 2023.

 

Please note that the said Board meeting commenced at 12.30 p.m. and concluded
at 2.10 p.m.

 

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

 

http://www.rns-pdf.londonstockexchange.com/rns/4365Y_1-2023-5-4.pdf (http://www.rns-pdf.londonstockexchange.com/rns/4365Y_1-2023-5-4.pdf)

Encl: a.a.

 

cc:        London Stock Exchange

            10, Paternoster Square

London EC4M 7LS

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