HDB Financial Appoints Natarajan Srinivasan as Non-Executive Chairman

The Board of Directors of HDB Financial Services Limited, at its meeting held on Thursday, May 14, 2026, approved the appointment of Mr. Natarajan Srinivasan as Non-Executive Chairman and Additional Independent Director of the Company. The appointment is effective May 14, 2026, for a term of three years, concluding on May 13, 2029. Mr. Srinivasan is not related to any other Directors or Key Managerial Personnel of the Company and is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.

Appointment Details

The following table summarises the key details of Mr. Natarajan Srinivasan's appointment:

Parameter:	Details
Name:	Mr. Natarajan Srinivasan
Role:	Non-Executive Chairman & Additional Independent Director
Effective Date:	May 14, 2026
Term:	3 years (up to May 13, 2029)
Relationship with Directors:	Not related to any Director or KMP
Debarment Status:	Not debarred by any SEBI Order or authority

Profile of Mr. Natarajan Srinivasan

Mr. Natarajan Srinivasan is a seasoned corporate leader with over four decades of experience in finance, strategy, and business transformation. He is a qualified Chartered Accountant and Company Secretary and has held several senior leadership positions within the Murugappa Group. He previously served as the Executive Vice Chairman and Managing Director of Cholamandalam Investment and Finance Company Limited, where he played a pivotal role in scaling and strengthening the Company's financial services business. He also served as the Managing Director and CEO of CG Power and Industrial Solutions Limited, leading its turnaround and strategic repositioning. Mr. Srinivasan has been associated with the boards of various listed and unlisted companies and is widely regarded for his expertise in financial management, governance, and business restructuring.

Board and Corporate Actions

The Board approved the re-appointment of Mr. Jimmy Tata (DIN: 06888364), who retires by rotation and, being eligible, has offered himself for re-appointment as a Non-Executive Non-Independent Director. This re-appointment is subject to the approval of the Members at the ensuing 19th Annual General Meeting. The 19th Annual General Meeting of the Company is scheduled to be held on Thursday, June 25, 2026, through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Final Dividend Recommendation

The Board of Directors recommended a final dividend for the financial year ended March 31, 2026, at its meeting held on Wednesday, April 15, 2026. The key details of the dividend are as follows:

Parameter:	Details
Dividend per Share:	Rs. 2/- (Rupees Two Only)
Face Value per Share:	Rs. 10/-
Subject to:	Shareholder approval at the ensuing AGM
Record Date:	Thursday, June 18, 2026

The dividend is subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. The record date for determining the eligibility of members entitled to receive the said dividend has been fixed as Thursday, June 18, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.24%	-3.65%	+9.78%	-7.67%	-19.74%	-19.74%

HDB Financial Services has completed the allotment of 32,500 secured redeemable non-convertible debentures (NCDs) valued at ₹3,25,00,00,000 on a private placement basis. The Debenture Allotment Committee approved the issuance at its meeting held on April 28, 2026, marking a significant debt fundraising exercise by the financial services company.

Debenture Details

The key parameters of the debenture issuance are structured to attract institutional investors:

Parameter	Details
Number of NCDs	32,500
Face Value per NCD	Rs. 1,00,000
Total Value	Rs. 3,25,00,00,000
ISIN	INE756107FN1
Listing Venue	BSE Wholesale Debt Market Segment
Tenure	762 Days
Date of Allotment	Tuesday, April 28, 2026
Date of Maturity	Monday, May 29, 2028
Coupon Rate	7.5800% (XIRR 7.5807%)

Payment Schedule and Security Terms

The debentures offer a structured payment schedule with coupon payments on May 28, 2026, May 28, 2027, and May 29, 2028, along with principal repayment at maturity on May 29, 2028. The instrument is secured through a first and exclusive charge by way of hypothecation over present and future receivables of the issuer, maintaining a minimum asset cover of one time the principal outstanding and accrued but unpaid interest throughout the NCD tenure.

Market Listing and Capital Strategy

The NCDs will be listed on BSE's wholesale debt market segment, which caters specifically to institutional investors. This debenture allotment represents HDB Financial Services' strategy to raise capital through debt markets, demonstrating the company's ability to access institutional capital markets for its financing requirements. The private placement ensures that the debentures will be available to qualified institutional buyers and other eligible investors as per regulatory guidelines.

Source: None/Company/INE756I01012/62f38bcc-98cf-4b0d-9893-f9f0d4d6d1b3.pdf