Outcome of Board Meeting - May 4, 2023

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 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 BSE - 500010	Equity Shares	May 16, 2023	Payment of Interim Dividend for financial year ended March 31, 2023

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

Encl: a.a.

cc:        London Stock Exchange

            10, Paternoster Square

London EC4M 7LS     

 

END