REG - Housing Dev Fin Corp - Outcome of Board Meeting
RNS Number : 9127DHousing Development Fin. Corp. Ltd.02 November 2020Ref. No. SE/2020-----21/208
November 2, 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., November 2, 2020, the Board has approved the unaudited financial results [standalone] of the Corporation and the unaudited consolidated financial results along with a statement of cash flows, for the quarter/half-year ended September 30, 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 limited review reports with unmodified opinion on the financial statements.
A copy of the said results along with the limited review reports issued by the Statutory Auditors of the Corporation is enclosed herewith and the said documents are being uploaded on the website of the Corporation i.e. www.hdfc.com. The quarter/half-year ended results will also be published in the electronic version of newspapers, in the format prescribed under Regulation 47 of the Listing Regulations. A press release being issued by the Corporation on the said results and on impact of COVID-19 on the Corporation is also enclosed.
We also enclose herewith the disclosures in accordance with Regulation 52(4) of the Listing Regulations read with circulars issued by stock exchanges. 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.
Please note that the said Board meeting commenced at 12.15 p.m. and concluded at 2.05 p.m.
Please also find enclosed statements of deviation or variation for equity & warrants and non-convertible debentures issued by the Corporation, in the prescribed format as required under Regulations 32 & 52(7) of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 and Circular No. SEBI/HO/DDHS/08/2020 dated January 17, 2020.
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 of the Corporation will open on Thursday, November 5, 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
Annexure - A.1
Disclosures in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half-year ended September 30, 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 September 30, 2020, in case of the NCDs issued by the Corporation is 2.95
· Debt-Equity ratio as on September 30, 2020 is 4.20
· The Corporation has paid interest/ principal on NCDs and Commercial Papers on due dates. Details of payment of interest/ principal of the Secured Redeemable Non-Convertible Debentures and Commercial Papers 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 and A-3.
· 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 September 30, 2020 is 0.39
· Interest service coverage ratio as on September 30, 2020 is 1.50
· 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 September 30, 2020 is ` 100,133.45 crore.
· Net Profit after Tax for the half-year ended September 30, 2020 is ` 5,921.64
· Earnings per share for the half year ended September 30, 2020: Basic ` 33.84 and Diluted ` 33.78
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
April 1, 2020 to September 30, 2020)
Interest
(October 1, 2020 to March 31, 2020)
Principal
(October 1, 2020 to March 31, 2021)
Interest
Principal
Next due date
Amount (Rs. in crore)
Next due date
Amount (Rs. in crore)
1
193 (G-012)
INE001A07FG3
08-Apr-20
-
-
-
-
-
2
196 (G-015)
INE001A07FJ7
09-Apr-20
-
-
-
-
-
3
199 (H-003)
INE001A07FM1
20-May-20
20-May-20
-
-
-
-
4
204 (H-008)
INE001A07FR0
21-Jul-20
21-Jul-20
-
-
-
-
5
206 (H-010)
INE001A07FT6
18-Aug-20
18-Aug-20
-
-
-
-
6
208 (H-012)
INE001A07FV2
-
-
19-Oct-20
44.75
19-Oct-20
500.00
7
209 (H-013)
INE001A07FW0
-
-
26-Nov-20
22.45
26-Nov-20
250.00
8
212 (H-016)
INE001A07FZ3
23-Jun-20 23-Sep-20
-
23-Dec-20
11.19
23-Dec-20
500.00
9
216 (H-020)
INE001A07GD8
-
-
18-Jan-21
37.20
18-Jan-21
400.00
10
227 (H-031)
INE001A07GO5
13-Apr-20
-
-
-
-
-
11
I-001
INE001A07GP2
03-May-20
-
-
-
-
-
12
I-007
INE001A07GV0
10-Jun-20
-
-
-
-
-
13
I-012
INE001A07HA2
20-Jul-20
-
-
-
-
-
14
I-016
INE001A07HE4
17-Aug-20
-
-
-
-
-
15
I-019
INE001A07HH7
23-Sep-20
-
-
-
-
-
16
I-021
INE001A07HJ3
-
-
11-Nov-20
66.33
-
-
17
J-002
INE001A07II3
09-May-20
-
-
-
-
-
18
J-008
INE001A07IO1
04-Jul-20
-
-
-
-
-
19
K-024
INE001A07KU4
-
-
21-Mar-21
17.90
-
-
20
M-009
INE001A07MS4
24-Jun-20
-
-
-
-
-
21
M-014
INE001A07MX4
13-Aug-20
-
-
-
-
-
22
M-018
INE001A07NB8
28-Aug-20
-
-
-
-
-
23
N-004
INE001A07NJ1
-
-
23-Jan-21
42.23
-
-
24
N-008
INE001A07NN3
-
-
25-Feb-21
63.38
-
-
25
N-010
INE001A07NP8
-
-
04-Mar-21
50.58
-
-
26
N-015
INE001A07NU8
27-Apr-20
27-Apr-20
-
-
-
-
27
N-017
INE001A07NW4
18-May-20
18-May-20
-
-
-
-
28
O-001
INE001A07NZ7
31-Aug-20
31-Aug-20
-
-
-
-
29
O-002
INE001A07OA8
18-Sep-20
18-Sep-20
-
-
-
-
30
P-002
INE001A07OO9
-
-
04-Mar-21
136.33
04Mar-21
1558.00
31
P-006
INE001A07OS0
26-Apr-20
-
-
-
-
-
32
P-007
INE001A07OT8
04-May-20
-
-
-
-
-
33
P-011
INE001A07OX0
13-May-20
-
-
-
-
-
34
P-012
INE001A07OY8
18-May-20
-
-
-
-
-
35
P-015
INE001A07PB3
01-Jun-20
-
-
-
-
-
36
P-016
INE001A07PC1
15-Jun-20
-
-
-
-
-
37
P-019
INE001A07PF4
24-Jun-20
-
-
-
-
-
38
P-023
INE001A07PJ6
29-Jul-20
-
-
-
-
-
39
Q-003
INE001A07PN8
24-Aug-20
-
-
-
-
-
40
Q-011
INE001A07PV1
-
-
18-Nov-20
154.40
-
-
41
R-005
INE001A07QG0
27-Mar-20
27-Mar-20
27-Mar-21
92.19
-
-
42
R-006
INE001A07QH8
13-Apr-20
13-Apr-20
-
-
-
-
43
R-007
INE001A07QI6
18-Apr-20 18-Jun-20
18-Jun-20
-
-
-
-
44
R-008
INE001A07QJ4
24-Apr-20
24-Apr-20
-
-
-
-
45
R-009
INE001A07QK2
19-May-20
19-May-20
-
-
-
-
46
R-010
INE001A07QL0
22-Jun-20
22-Jun-20
-
-
-
-
47
R-011
INE001A07QM8
29-Jun-20
29-Jun-20
-
-
-
-
48
R-014
INE001A07QP1
26-Jun-20
26-Jun-20
-
-
-
-
49
R-015
INE001A7QQ9
13-Jun-20
07-Jul-20
07-Jul-20
-
-
-
-
50
R-016
INE001A07QR7
16-Sep-20
16-Sep-20
-
-
-
-
51
R-018
INE001A07QT3
20-Jun-20
-
-
-
-
-
52
R-023
INE001A07QY3
01-Aug-20 01-Sep-20
01-Sep-20
-
-
-
-
53
S-004
INE001A07RC7
-
-
17-Nov-20
185.00
17-Nov-20
2500.00
54
U-001
INE001A07RG8
-
-
16-Oct-20
267.25
-
-
55
U-003
INE001A07SA9
INE001A07SS1
-
-
01-Nov-20 01-Nov-20
50.02 0.18
-
-
56
U-004
INE001A07RJ2
-
-
20-Nov-20
362.00
-
-
57
U-005
INE001A07RK0
-
-
29-Nov-20
810.00
-
-
58
U-006
INE001A07RL8
18-Jun-20
18-Jun-20
-
-
-
-
59
U-007
INE001A07RM6
-
-
21-Dec-20
433.00
-
-
60
U-008
INE001A07RN4
-
-
15-Dec-20
398.16
15-Dec-20
5000.00
61
U-010
INE001A07RP9
-
-
15-Oct-20
215.50
15-Oct-20
2500.00
62
V-001
INE001A07RQ7
28-May-20
28-May-20
-
-
-
-
63
V-002
INE001A07RR5
15-Jul-20
15-Jul-20
-
-
-
-
64
V-003
INE001A07RS3
-
-
18-Mar-21
429.00
-
-
65
V-004
INE001A07RT1
-
-
27-Mar-21
427.50
-
-
66
V-005
INE001A07RU9
20-Jun-20
-
-
-
-
-
67
V-006
INE001A07RV7
11-Jul-20
-
-
-
-
-
68
V-007
INE001A07RW5
18-Jul-20
-
-
-
-
-
69
V-008
INE001A07RX3
14-Aug-20
-
-
-
-
-
70
W-001
INE001A07RY1
16-Sep-20
-
-
-
-
-
71
W-002
INE001A07RZ8
26-Sep-20
-
-
-
-
-
72
W-003
INE001A0.7SB7
-
-
22-Oct-20
483.00
-
-
73
W-004
INE001A07SC5
-
-
25-Nov-20
349.50
-
-
74
W-005
INE001A07SD3
-
-
30-Dec-20
183.86
-
-
75
W-006
INE001A07SE1
-
-
08-Jan-21
238.50
76
W-007
INE001A07SF8
28-Jun-20
-
-
-
-
-
77
W-008
INE001A07SG6
-
-
10-Feb-21
184.49
-
-
78
W-009
INE001A07SH4
-
-
13-Feb-21
349.50
-
-
79
W-010
INE001A07SI2
-
-
28-Feb-21
148.37
-
-
80
X-003
INE001A07SL6
-
-
13-Dec-20
103.48
-
-
81
X-005
INE001A07SN2
-
-
10-Dec-20
155.93
-
-
Annexure - A-3
Details of payment of principal of Commercial Papers in accordance with Regulation 52(4)(d) and Regulation 52(4)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sr. No.
CP Series
ISIN No.
Principal
April 1, 2020 to September 30, 2020)
Principal
(October 1, 2020 to March 31, 2021)
Previous due date
Amount (Rs. in crore)
Next due date
Amount (Rs. in crore)
1
CP-7&8/2019-20
INE001A14VH4
20-May-20
900.00
-
-
2
CP-10/2019-20
INE001A14VK8
26-May-20
1300.00
-
-
3
CP-11/2019-20
INE001A14VJ0
12-May-20
1100.00
-
-
4
CP-16/2019-20
INE001A14VO0
10-Jul-20
1500.00
-
-
5
CP-17/2019-20
INE001A14VP7
03-Jul-20
200.00
-
-
6
CP-19,20&21/2019-20
INE001A14VQ5
05-Aug-20
2600.00
-
-
7
CP-22/2019-20
INE001A14VS1
13-Aug-20
1250.00
-
-
8
CP-23/2019-20
INE001A14VT9
26-Aug-20
750.00
-
-
9
CP-24/2019-20
INE001A14VU7
02-Sep-20
1000.00
-
-
10
CP-25/2019-20
INE001A14VV5
09-Sep-20
2000.00
-
11
CP-29/2019-20
INE001A14VZ6
-
-
09-Oct-20
1000.00
12
CP-30&31/2019-20
INE001A14WA7
-
-
19-Oct-20
1275.00
13
CP-32/2019-20
INE001A14WB5
-
-
03-Nov-20
1000.00
14
CP-35/2019-20
INE001A14WD1
-
-
27-Nov-20
1100.00
15
CP-37/2019-20
INE001A14WF6
15-May-20
1500.00
-
-
16
CP-38/2019-20
INE001A14WG4
-
-
13-Jan-21
2150.00
17
CP-39/2019-20
INE001A14WH2
-
-
05-Feb-21
2000.00
18
CP-40/2019-20
INE001A14WI0
-
-
10-Feb-21
1425.00
19
CP-41/2019-20
INE001A14WJ8
-
-
27-Jan-21
1000.00
20
CP-42&43/2019-20
INE001A14WK6
-
-
24-Feb-21
2575.00
21
CP-44/2019-20
INE001A14WL4
15-Jun-20
2000.00
-
-
22
CP-2/2020-21
INE001A14WM2
-
-
10-Mar-21
2800.00
23
CP-3/2020-21
INE001A14WO8
10-Aug-20
3000.00
-
-
24
CP-5/2020-21
INE001A14WQ3
25-Sep-20
2000.00
-
-
25
CP-6/2020-21
INE001A14WR1
-
-
09-Nov-20
3000.00
26
CP-8/2020-21
INE001A14WT7
-
-
28-Oct-20
2000.00
27
CP-9/2020-21
INE001A14WU5
-
-
18-Dec-20
3000.00
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