Annual Financial Report FY 2023

Housing Development Fin. Corp. Ltd.

30 June 2023

 

Ref. No.: SE/2023-24/132

June 30, 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 Sir/ Madam,

Sub:    Disclosure under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Annual Report and Business Responsibility & Sustainability Report for FY 23.

Re:      Effectiveness of the composite scheme of amalgamation ("Scheme") for the amalgamation of: (i) HDFC Investments Limited ("HDFC Investments"), and HDFC Holdings Limited ("HDFC Holdings"), wholly owned subsidiaries of the Housing Development Finance Corporation Limited ("Corporation"), with and into the Corporation; and (ii) the Corporation, with and into HDFC Bank Limited ("HDFC Bank").

This is in connection with our letter dated April 04, 2022 informing about the decision taken by the Board of Directors of the Corporation approving the Scheme under Sections 230 to 232 of the Companies Act, 2013, and rules and regulations thereunder, subject to receipt of various statutory and regulatory approvals.

This is also in connection with our letter sent earlier today informing that the board of directors of the Corporation at its meeting held today i.e., June 30, 2023 has inter alia noted that Saturday, July 1, 2023, to be the 'Effective Date' of the Scheme and accordingly the Corporation would be dissolved without being wound up with effect from July 1, 2023.

In view of the above, the Corporation would not be able to convene an Annual General Meeting of its Shareholders. However, from a good governance perspective, we have prepared the 46^th Annual Report of the Corporation in respect of the financial year 2022-23 and Business Responsibility & Sustainability Report for the said financial year.

Please find enclosed the said reports, which are also being uploaded on the website of the Corporation for the information of all its shareholders as well as general public.

We wish to once again thank all our shareholders for showing support and trust to the Corporation over the last four and half decades.

Thanking you,

Yours faithfully,

For Housing Development Finance Corporation Limited

Ajay Agarwal

Company Secretary

Encl: a/a.
http://www.rns-pdf.londonstockexchange.com/rns/6351E_1-2023-6-30.pdf

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