REG - Housing Dev Fin Corp - Outcome of Board Meeting

Housing Development FinanceAnnouncement

03/05/2022 07:00

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RNS Number : 9654J  Housing Development Fin. Corp. Ltd.  03 May 2022

Ref. No. SE/2022-23/34

 

May 2, 2022

 

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 2, 2022, the Board has approved the audited
financial results of the Corporation (both standalone and consolidated) for
the year ended March 31, 2022, 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 results along with the following
documents:

 

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

 

2.   Press release on the said results;

 

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

 

4.   Disclosure of Related Party Transactions for the half-year ended March
31, 2022.

 

The aforesaid documents are being uploaded on the website of the Corporation
i.e. www.hdfc.com (http://www.hdfc.com) .

 

Further, please note that the disclosures as required under Regulation 52(4)
of the Listing Regulations forms part of the said financial results. The said
results will also be published in the newspapers, in the format prescribed
under Regulation 47 of the Listing Regulations.

 

 

 

 

45(th) Annual General Meeting:

 

The Board approved that the 45(th) Annual General Meeting (AGM) of the Members
of the Corporation be held on Thursday, June 30, 2022 at 2.00 p.m. through
two-way video conference.

 

Dividend:

 

The Board recommended a dividend of ` 30 per equity share of face value of ` 2
each for the financial year 2021-22.

 

Dividend payment date: Friday, July 1, 2022 onwards

 

Record date:

 

The Record Date for determining the shareholders entitled to the dividend for
the financial year 2021-22, as approved by the board shall be Wednesday, June
1, 2022.

 

 Symbol         Type of Security  Record Date     Purpose

 NSE -HDFC      Equity Shares      June 1, 2022   Payment of Dividend for FY 2021-2022

 BSE - 500010

 

Re-appointment of Ms. Renu Sud Karnad:

 

The Board, on recommendation of the Nomination and Remuneration Committee of
Directors, approved the 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, subject to approval of the Members at the
45(th) AGM. The Corporation hereby affirms that Ms. Karnad is not debarred
from holding office of director by virtue of any order passed by SEBI or any
such authority and she is not related to any directors or key managerial
personnel of the Corporation. Brief profile of Ms. Renu Sud Karnad is enclosed
as Annexure A.

 

Further as informed earlier, the Board of Directors of the Corporation at its
meeting held on April 4, 2022, approved a composite scheme of amalgamation
("Scheme") interalia for the amalgamation of the Corporation with and into
HDFC Bank Limited. The Scheme is expected to be approved by all the regulators
and made effective within a period of 12-15 months from the date of the AGM
and accordingly the tenure of Ms. Karnad would be limited to the effective
date of the Scheme.

 

Issue of Debt Securities:

 

The Board also approved issuance of Redeemable Non-Convertible Debentures
(secured or unsecured) and/or any other hybrid instruments (not in nature of
equity shares) up to ` 1,25,000 crore on a private placement basis in terms of
the provisions of Section 42 and other applicable provisions of the Companies
Act, 2013 during a period of one year, subject to the approval of the Members
at the 45(th)  AGM.

 

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 26, 2022. However, as required under
the said circular, we once again enclose the said disclosures as Annexure B.

 

Please note that the said Board meeting commenced at 12 noon and concluded at
1.45 p.m.

 

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, May 5, 2022.

 

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.

http://www.rns-pdf.londonstockexchange.com/rns/9654J_1-2022-5-2.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9654J_1-2022-5-2.pdf)

 

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London EC4M 7LS

 

 

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