HDB Financial Services Limited has successfully concluded its postal ballot process, with shareholders approving two key corporate resolutions on March 13, 2026. The company informed the stock exchanges about the completion of the e-voting process and the passage of both resolutions with requisite majority as per SEBI LODR regulations.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, with the voting period commencing on February 12, 2026 at 10:00 a.m. and concluding on March 13, 2026 at 05:00 p.m. The e-voting facility was provided by National Securities Depository Limited (NSDL) through their website, with Electronic Voting Event Number (EVEN) 138440 generated for the process.

Resolution 1: Independent Directors' Commission

The special resolution regarding profit-related commission payable to independent directors received overwhelming shareholder support. The resolution was passed with 99.62% votes in favor, demonstrating strong confidence in the company's governance structure.

Resolution 2: Related Party Transactions

The ordinary resolution for material related party transactions with HDFC Bank Limited for Financial Year 2026-27 was approved with 97.68% votes in favor. Notably, the promoter and promoter group abstained from voting on this resolution due to their interest in the agenda.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Mitesh J. Shah, Proprietor of M/s. Mitesh J. Shah & Associates, Company Secretaries, served as the scrutinizer and issued his report on March 13, 2026, confirming the validity of the voting process.

The company has made all relevant documents, including the e-voting results and scrutinizer's report, available on its website at www.hdbfs.com . Company Secretary and Compliance Officer Dipti Jayesh Khandelwal signed the official communication to the stock exchanges, ensuring proper dissemination of the results to all stakeholders.

HDB Financial Services Limited has announced a key senior management appointment, naming Mr. Akash Bararia as Head - Consumer Finance with immediate effect from March 12, 2026. The appointment was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee, positioning Mr. Bararia as Senior Management Personnel of the company.

Appointment Details

The company disclosed the appointment through regulatory filings to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment represents a change in senior management personnel structure at the financial services company.

Professional Background

Mr. Akash Bararia brings extensive experience to his new role, with over two decades in the financial services sector. His expertise spans sales finance, business operations, and distribution management, with a particular strength in improving sales productivity and supporting business growth across distribution networks.

Previous Experience

Before joining HDB Financial Services, Mr. Bararia held leadership positions at several prominent financial organizations:

• Allianz Partners
• Edelweiss Asset Management
• Citigroup Consumer Finance
• GE Money

In these roles, he managed large distribution networks and led business transformation initiatives, demonstrating his capability in scaling operations and driving organizational change.

Qualifications and Expertise

Mr. Bararia holds an MBA in Finance and is recognized for his ability to drive operational efficiency and build scalable processes. His core competencies include:

• Operational efficiency improvement
• Scalable process development
• Financial strategy alignment with business objectives
• Distribution network management
• Business transformation leadership

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Clauses 7 of Paragraph A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dipti Jayesh Khandelwal, Company Secretary and Compliance Officer, ensuring proper regulatory adherence.

This strategic appointment reflects HDB Financial Services' focus on strengthening its consumer finance operations through experienced leadership in the competitive financial services landscape.