REG - Housing Dev Fin Corp - Outcome of Board Meeting

Housing Development FinanceAnnouncement

30/04/2018 11:05

2018-04-30T10:03:56.245Zreuters.comtag:reuters.com,2018-04-30:newsml_RSd5624Ma:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-04-30T10:03:56.245Z2018-04-30T10:03:56.245Z_UCDP:parsn_lse_10.54.132.131_1.2.37102:2019-05-31T10:03:56.245Z3RSd5624MaREG - Housing Dev Fin Corp  - Outcome of Board MeetingLEGACY: Financials (TRBC)LEGACY: Banking & Investment Services (TRBC)Banking Services (TRBC level 3)Banks (TRBC level 4)Retail & Mortgage Banks (TRBC level 5)Financials (TRBC level 1)Banking & Investment Services (TRBC level 2)Emerging Market CountriesWestern EuropeIndiaUnited KingdomEuropeSouth AsiaAsia / PacificAsiaSuggested SourcesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesHousing Development Finance Corporation Ltd








RNS Number : 5624M
Housing Development Fin. Corp. Ltd.
30 April 2018
 

Ref. No. SE/2018-19/ 33
 
April 30, 2018
 
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., April 30, 2018, the Board has approved the audited financial results of the Corporation (both standalone and consolidated) for the year ended March 31, 2018, 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 with unmodified opinion is 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 newspapers, in the format prescribed under Regulation 47 of the Listing Regulations.
 
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 in due course.
 
Dividend:
 
The Board recommended a final dividend of ` 16.50 per equity share of face value of ` 2 each for the financial year 2017-18. The dividend, if approved by the Members, will be dispatched / remitted commencing from the day after the ensuing Annual General Meeting (AGM). The total dividend for the year (including the interim dividend of ` 3.50 per equity share) is ` 20 per equity share as against

 ` 18 per equity share for the previous year.
 
Changes in the Board of Directors:
 
The Board, on the recommendation of the Nomination and Remuneration Committee of Directors, approved the appointment of Mr. Upendra Kumar Sinha (DIN: 00010336) and Mr. Jalaj Ashwin Dani (DIN: 00019080) as Independent Directors (Additional Directors) on the Board of Directors of the Corporation for a period of 5 years with effect from April 30, 2018, subject to the approval of the Members at the ensuing AGM. The brief profile of Mr. U K Sinha and Mr. Jalaj Dani are enclosed herewith as Annexure A. Neither of them is related to any Directors or Key Managerial Personnel of the Corporation.
 
We further wish to inform you that with a view to refresh the Board of Directors of the Corporation in a phased manner, Mr. D. M. Sukthankar (DIN: 00034416), Non-Executive Director and Mr. D. N. Ghosh (DIN: 00012608), Independent Director resigned from the Board with effect from the conclusion of the aforesaid Board meeting i.e., April 30, 2018. The Board has noted the said resignations and placed on record its sincere appreciation for the wise counsel and enormous contributions made by Mr. D. M. Sukthankar and Mr. D. N. Ghosh during their tenure as Directors of the Corporation.
 
Re-appointment of Mr. Keki M. Mistry:
 
The Board, on the recommendation of the Nomination and Remuneration Committee of Directors, approved the re-appointment of Mr. Keki M. Mistry (DIN: 00008886) as the Managing Director (designated as "Vice Chairman and Chief Executive Officer") of the Corporation for a period of 3 years with effect from November 14, 2018, subject to the approval of the Members at the ensuing AGM.
 
Issue of Debt Securities:
 
The Board also approved the issuance of Redeemable Non-Convertible Debentures (secured or unsecured) and/or any other hybrid instruments (not in the nature of equity shares) up to ` 85,000 crore on a private placement basis in terms of the provisions of Section 42 and other applicable provisions of the Companies Act, 2013, subject to approval of the Members at the ensuing AGM.
 
Increase in the Borrowing Powers:
 
Subject to the approval of the Members at the ensuing AGM, the Board also approved the increase in the overall borrowing powers of the Corporation such that the total outstanding borrowing does not exceed ` 5,00,000 crore at any point of time.
 
41st Annual General Meeting:
 
The Board approved that the 41st Annual General Meeting of the Members of the Corporation be held on Monday, July 30, 2018 at 2.30 p.m. at "Birla Matushri Sabhagar", 19, New Marine Lines, Mumbai 400 020.
 
Closure of Register of Members and Share Transfer Books:
 
Pursuant to Regulation 42 of the Listing Regulations, the Register of Members and the Share Transfer Books of the Corporation shall remain closed from Saturday, July 21, 2018 to Monday, July 30, 2018 (both days inclusive) for taking record of the members of the Corporation for the purpose of payment of final dividend for the financial year 2017-18.
 
 
 
 




Symbol


Type of Security


Book Closure (both days inclusive)


Record Date


Purpose




From


To




HDFC


Equity Shares


July 21, 2018


July 30, 2018


-


Payment of Final Dividend




 
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 will open on Thursday, May 3, 2018.
 
Please note that the said Board meeting commenced at 12.30 p.m. and concluded at 2.50 p.m.
 
We request you to take note of the above and arrange to bring this to the notice of all concerned.
 
Kindly acknowledge receipt.
 
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: 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
 
Brief Profile of Mr. Upendra Kumar Sinha
 
Mr. Sinha served as the Chairman of Securities and Exchange Board of India (SEBI) for a period over six years between 2011 and 2017. During his stewardship SEBI is credited with having brought in significant regulatory amendments in areas such as Takeover Code, Foreign Portfolio Investors, Alternate Investment Funds, REITIs, InVITs., Corporate Governance etc.  Prior to this, Mr. Sinha was the Chairman and Managing Director at UTI Asset Management Company Private Limited from 2005 until February 2011.
 
Preceding this, he was the Joint Secretary in Department of Economic Affairs at Ministry of Finance and looked after Banking Division and Capital Markets Division - including external commercial borrowings, pension reforms and foreign exchange management functions.
 
For his contribution as Chairman SEBI, Mr. Sinha was conferred with many awards viz. CNBC-TV18 India Business Leader Awards (IBLA) - Outstanding Contribution to Indian Business Award 2014 and Economic Times - Business Reformer of the Year Award 2014 to name a few.
 
Mr. Sinha was selected for the Indian Administrative Service in 1976. He holds a M.Sc. and LLB degree.
 
 
Brief Profile of Mr. Jalaj Ashwin Dani
 
Mr. Jalaj Ashwin Dani is a co-promoter of Asian Paints Limited and has spent over the last two decades in various capacities with Asian Paints Limited. He has pursued Chemical Engineering from USA. He also did Advanced Management Program at INSEAD, Fountainbleau, Paris. He is actively involved in Confederation of Indian Industry (CII), Young President's Organisation (YPO), Federation of Indian Chambers of Commerce and Industry (FICCI) and other Business Councils in various capacities. He also serves on Next Generation of Leaders Board (NGLB) in Indian School of Business (ISB), Hyderabad. He was identified as 'Stars 2000'- Potential Leaders in the New Millennium by 'Business India' Magazine in the year 1998.
 
 
 




 
Disclosures in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended March 31, 2018.
 
 
·    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, 2018, in case of the NCDs issued by the Corporation is 2.84.
 
·    Debt-Equity ratio as on March 31, 2018 is 5.21.
 
·    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 - B-1.
 
·    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 via email.
 
·    Debt service coverage ratio as on March 31, 2018 is 0.16.
 
·    Interest service coverage ratio as on March 31, 2018 is 1.69.
 
·    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, 2018 is Rs. 61,402.54 crore.
 
·    Net Profit after Tax for the half-year ended March 31, 2018 is Rs. 8,506.83 crore.
 
·    Earnings per share as on March 31, 2018: Basic Rs. 74.83 and Diluted Rs. 73.73.
 
 
 
 
 




Annexure - B.1
 
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, 2017 to March 31, 2018)


Interest
(April 1, 2018 to September 30, 2018)


Principal
(April 1, 2018 to September 30, 2018)




Interest


Principal


Next due date


Amount (Rs. in crore)


Next due date


Amount (Rs. in crore)






1


78 (C-009)


INE001A07AU5


08-Dec-17


08-Dec-17


-


-


-


-




2


79 (C-010)


INE001A07AV3


21-Dec-17


21-Dec-17


-


-


-


-




3


134 (E-016)


INE001A07CY3


   31-Oct-17


31-Oct-17


-


-


-


-




4


137 (E-019) & 138 (E-020)


INE001A07DB9


10-Dec-17


10-Dec-17


-


-


-


-




5


141 (E-023)


INE001A07DE3


12-Dec-17


-


-


-


-


-




6


149 (E-031)


INE001A07DM6


07-Feb-18


07-Feb-18


-


-


-


-




7


155 (E-037)


INE001A07DS3


13-Mar-18


13-Mar-18


-


-


-


-




8


160 (F-002)


INE001A07DX3


-


-


30-May-18


33.66


30-May-18


340.00




9


161 (F-003)


INE001A07DY1


-


-


30-Jun-18


21.00


30-Jun-18


200.00




10


163 (F-005)


INE001A07EA9


-


-


21-Jul-18


55.00


21-Jul-18


500.00




11


164 (F-006)


INE001A07EB7


-


-


06-Aug-18


44.60


06-Aug-18


400.00




12


165 (F-007)


INE001A07EC5


-






04-Sep-18


55.69


04-Sep-18


495.00




13


167 (F-009)


INE001A07EE1


-


-


09-Sep-18


45.12


09-Sep-18


400.00




14


169 (F-011)


INE001A07EG6


27-Oct-17


-


27-Apr-18


29.17


-


-




15


170 (F-012)


INE001A07EH4


04-Nov-17


-


04-May-18


29.01


-


-




16


171 (F-013)


INE001A07EI2


26-Nov-17


-


-


-


-


-




17


172 (F-014)


INE001A07EJ0


26-Nov-17


-


-


-


-


-




18


175 (F-017)


INE001A07EM4


23-Dec-17


-


-


-


-


-




19


176 (F-018)


INE001A07EN2


29-Dec-17


-


-


-


-


-




20


177 (F-019)


INE001A07EO0


02-Jan-18


-


-


-


-


-




21


193 (G-012)


INE001A07FG3


-


-


08-Apr-18


44.80


-


-




22


196 (G-015)


INE001A07FJ7


-


-


09-Apr-18


44.80


-


-




23


199 (H-003)


INE001A07FM1


-


-


20-May-18


21.63


-


-




24


204 (H-008)


INE001A07FR0


-


-


21-Jul-18


43.95


-


-




25


206 (H-010)


INE001A07FT6


-


-


18-Aug-18


44.50


-


-




26


208 (H-012)


INE001A07FV2


19-Oct-17


-


-


-


-


-




27


209 (H-013)


INE001A07FW0


26-Nov-17


-


-


-


-


-




28


212 (H-016)


INE001A07FZ3


23-Dec-17 23-Mar-18


-


23-Jun-18 23-Sep-18


11.34 11.34


-


-




29


216 (H-020)


INE001A07GD8


18-Jan-18


-


-


-


-


-




30


227 (H-031)


INE001A07GO5


-


-


13-Apr-18


17.39


-


-




31


I-001


INE001A07GP2


-


-


03-May-18


94.00


-


-




32


I-007


INE001A07GV0


-


-


10-Jun-18


39.60


-


-




33


I-012


INE001A07HA2


-


-


20-Jul-18


42.98


-


-




34


I-016


INE001A07HE4


-


-


17-Aug-18


18.90


-


-




35


I-019


INE001A07HH7


-


-


23-Sep-18


24.00


-


-




36


I-021


INE001A07HJ3


11-Nov-17


-


-


-


-


-




37


J-002


INE001A07II3


-


-


09-May-18


19.00


-


-




38


J-008


INE001A07IO1


-


-


04-Jul-18


19.00


-


-




39


J-033


INE001A07JN1


04-Oct-17


04-Oct-17


-


-


-


-




40


J-036


INE001A07JQ4


08-Oct-17


08-Oct-17


-


-


-


-




41


J-041


INE001A07JV4


-


23-Oct-17


-


-


-


-




42


K-002


INE001A07JZ5


04-Feb-18


04-Feb-18


-


-


-


-




43


K-004


INE001A07KB4


12-Feb-18


12-Feb-18


-


-


-


-




44


K-009


INE001A07KI9


26-Feb-18


26-Feb-18


-


-


-


-




45


K-018


INE001A07KO7


11-Mar-18


11-Mar-18


-


-


-


-




46


K-022


INE001A07KS8


19-Mar-18


19-Mar-18


-


-


-


-




47


K-024


INE001A07KU4


21-Mar-18


-


-


-


-


-




48


K-030


INE001A07LA4


-


-


10-Apr-18


31.68


10-Apr-18


350.00




49


K-039


INE001A07LJ5


-






08-May-18


58.77


08-May-18


685.00




50


K-041


INE001A07LL1


-


-


15-May-18


37.40


15-May-18


440.00




51


K-043


INE001A07LN7


-


-


20-May-18


42.01


20-May-18


500.00




52


L-015


INE001A07MG9


17-Jan-18


-


-


-


-


-




53


L-016


INE001A07MH7


20-Jan-18


-


-


-


-


-




54


M-009


INE001A07MS4


-


-


25-Jun-18


46.87


-


-




55


M-014


INE001A07MX4


-


-


13-Aug-18


45.00


-


-




56


M-015


INE001A07MY2


-


-


21-Aug-18


186.17


-


-




57


M-016


INE001A07MZ9


-


-


27-Aug-18


64.21


-


-




58


M-018


INE001A07NB8


-


-


28-Aug-18


93.40


-


-




59


N-001


INE001A07NG7


06-Jan-18


-


-


-


-


-




60


N-002


INE001A07NH5


13-Jan-18


-


-


-


-


-




61


N-004


INE001A07NJ1


23-Jan-18


-


-


-


-


-




62


N-005


INE001A07NK9


02-Feb-18


02-Feb-18


-


-


-


-




63


N-008


INE001A07NN3


25-Feb-18


-


-


-


-


-




64


N-009


INE001A07NO1


26-Feb-18






26-Apr-18


9.49


26-Apr-18


675.00




65


N-010


INE001A07NP8


04-Mar-18


-


-


-


-


-




66


N-011


INE001A07NQ6


11-Mar-18


-


11-Sep-18


21.31


11-Sep-18


500.00




67


N-012


INE001A07NR4


-


-


13-Apr-18   11-Jun-18


42.25   6.83


11-Jun-18


500.00




68


N-013


INE001A07NS2


-


-


09-Apr-18


113.65


09-Apr-18


417.10




69


N-015


INE001A07NU8


-


-


27-Apr-18


106.21


-


-




70


N-017


INE001A07NW4


-


-


18-May-18


126.15


-


-




71


N-018


INE001A07NX2


-


-


-


-


08-Jun-18


150.00




72


N-019


INE001A07NY0


-


-


12-Jun-18


81.42


12-Jun-18


950.00




73


O-001


INE001A07NZ7


-


-


31-Aug-18


170.00


-


-




74


O-002


INE001A07OA8


-


-


18-Sep-18


95.15


-


-




75


O-003


INE001A07OB6


-


-


28-Sep-18


59.77


28-Sep-18


695.00




76


O-004


INE001A07OD2


23-Oct-17


-


-


-


-


-




77


O-007


INE001A07OG5


30-Nov-17


-


-


-


-


-




78


O-008


INE001A07OH3


08-Dec-17


-


-


-


-


-




79


O-009


INE001A07OI1


08-Jan-18


-


-


-


-


-




80


O-010


INE001A07OJ9


12-Jan-18


12-Jan-18


-


-


-


-




81


O-011


INE001A07OK7


27-Jan-18


-


-


-


-


-




82


O-013


INE001A07OM3


03-Feb-18


-


-


-


-


-




83


P-001


INE001A07ON1


22-Feb-18


-


-


-


-


-




84


P-002


INE001A07OO9


 04-Mar-18


-


-


-


-


-




85


P-004


INE001A07OQ4


11-Mar-18


-


-


-


-


-




86


P-005


INE001A07OR2


-


-


13-Aug-18


82.37


-


-




87


P-006


INE001A07OS0


-


-


26-Apr-18


41.75


-


-




88


P-007


INE001A07OT8


-


-


04-May-18


41.60


-


-




89


P-008


INE001A07OU6


-


-


06-May-18


53.10


-


-




90


P-009


INE001A07OV4


09-Mar-18


09-Mar-18


-


-


-


-




91


P-011


INE001A07OX0


-


-


13-May-18


86.19


-


-




92


P-012


INE001A07OY8


-


-


18-May-18


126.75


-


-




93


P-013


INE001A07OZ5


-


-


24-May-18


61.69


-


-




94


P-015


INE001A07PB3


-


-


01-Jun-18


59.92


-


-




95


P-016


INE001A07PC1


-


-


15-Jun-18


84.60


-


-




96


P-017


INE001A07PD9


-


-


17-Jun-18


40.30


-


-




97


P-018


INE001A07PE7


-


-


20-Jun-18


42.45


-


-




98


P-019


INE001A07PF4


-


-


25-Jun-18


45.01


-


-




99


P-020


INE001A07PG2


-


-


28-Jun-18


11.48


-


-




100


P-021


INE001A07PH0


-


-


16-Jul-18


77.73


-


-




101


P-022


INE001A07PI8


-


-


27-Jul-18


66.42


27-Jul-18


815.00




102


P-023


INE001A07PJ6


-


-


30-Jul-18


41.11


-


-




103


P-024


INE001A07PK4


15-Jan-18


15-Jan-18


-


-


-


-




104


Q-001


INE001A07PL2


-


-


21-Aug-18


39.89


21-Aug-18


500.00




105


Q-002


INE001A07PM0


-


-


23-Aug-18


79.50


-


-




106


Q-003


INE001A07PN8


-


-


24-Aug-18


79.00


-


-




107


Q-004


INE001A07PO6


26-Feb-18


26-Feb-18


-


-


-


-




108


Q-005


INE001A07PP3


09-Feb-18


09-Feb-18


-


-


-


-




109


Q-006


INE001A07PQ1


23-Nov-17


23-Nov-17


-


-


-


-




110


Q-007


INE001A07PR9


04-Oct-17


-


-


-


-


-




111


Q-008


INE001A07PS7


13-Oct-17


-


-


-


-


-




112


Q-009


INE001A07PT5


18-Oct-17


-


-


-


-


-




113


Q-010


INE001A07PU3


11-Nov-17


-


-


-


-


-




114


Q-011


INE001A07PV1


18-Nov-17


-


-


-


-


-




115


Q-012


INE001A07PW9


22-Nov-17


-


-


-


-


-




116


Q-014


INE001A07PY5


12-Jan-18   07-Mar-18   08-Mar-18


07-Mar-18   08-Mar-18


-


-


-


-




117


Q-016


INE001A07QA3


25-Jan-18


-


-


-


-


-




118


Q-017


INE001A07QB1


30-Mar-18


-


-


-


-


-




119


R-001


INE001A07QC9


-


-


14-Jun-18


149.00


14-Jun-18


2000.00




120


R-002


INE001A07QD7


17-Mar-18


-


-


-


-


-




121


R-003


INE001A07QE5


20-Mar-18


-


-


-


-


-




122


R-004


INE001A07QF2


24-Mar-18


-


-


-


-


-




123


R-007


INE001A07QI6


-


-


18-Apr-18


34.50


-


-




124


R-009


INE001A07QK2


-


-


19-May-18


38.35


-


-




125


R-010


INE001A07QL0


-


-


22-Jun-18


18.75


-


-




126


R-011


INE001A07QM8


-


-


29-Jun-18


11.25


-


-




127


R-012


INE001A07QN6


-


-


05-Jun-18


76.53


-


-




128


R-013


INE001A07QO4


-


-


26-Jun-18


72.00


26-Jun-18


1000.00




129


R-014


INE001A07QP1


-


-


26-Jun-18


152.00


-


-




130


R-015


INE001A7QQ9


-






13-Jun-18


112.50


-


-




131


R-016


INE001A07QR7


-


-


16-Sep-18


30.00


-


-




132


R-017


INE001A07QS5


-


-


25-Jun-18


13.99


25-Jun-18


195.00




133


R-018


INE001A07QT3


-


-


20-Jun-18


53.50


-


-




134


R-019


INE001A07QU1


25-Mar-18


-


-


-


-


-




135


R-020


INE001A07QV9


-


-


23-Jun-18 24-Sep-18


50.47 12.86


24-Sep-18


700.00




136


R-021


INE001A07QW7


11-Dec-17


-


-


-


-


-




137


R-022


INE001A07QX5


-


-


24-Jul-18


250.95


-


-




138


R-023


INE001A07QY3


-


-


01-Aug-18


144.00


-


-




139


S-001


INE001A07QZ0


28-Dec-17


-


-


-


-


-




140


S-002


INE001A07RA1


-


-


06-Sep-18


140.00


-


-




141


S-004


INE001A07RC7


17-Nov-17


-


-


-


-


-




142


S-005


INE001A07RD5


20-Feb-18


-


-


-


-


-




143


T-002


INE001A07RF0


-


-


21-Jun-18


49.47


-


-





 

 

 

http://www.rns-pdf.londonstockexchange.com/rns/5624M_-2018-4-30.pdf 



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