HDFC AMC declares ₹54 dividend, approves FY26 results at AGM

HDFC Asset Management Company Limited declared a dividend of ₹54 per equity share for the financial year ended March 31, 2026, at its 27th Annual General Meeting held on June 24, 2026. The meeting, chaired by Mr. Deepak S. Parekh, was conducted through Video Conferencing and Other Audio Visual Means. Shareholders approved the adoption of the audited standalone and consolidated financial statements for FY26, alongside the re-appointment of Mr. V. Srinivasa Rangan as a Non-Executive Non-Independent Director.

All resolutions placed before the members were passed with the requisite majority. The statutory auditors and secretarial auditors issued unqualified audit reports, which were taken as read. Mr. Navneet Munot, Managing Director & CEO, provided clarifications on the company's accounts and business operations during the question-and-answer session.

Rauthan & Associates, Company Secretaries LLP, was appointed as the scrutinizer to oversee the e-voting process. Remote e-voting commenced on June 20, 2026, and concluded on June 23, 2026, while electronic voting was also available during the meeting. The results of the voting were disclosed to the stock exchanges and made available on the company's website.

The voting results showed strong approval for the financial statements and dividend declaration. However, the resolution for the re-appointment of Mr. V. Srinivasa Rangan received 94.47% votes in favour, with 5.53% voting against it. Public institutions notably voted against this resolution, with 14.75% of their votes cast in opposition.

Voting Results Summary

Resolution Description	Votes For	Votes Against	% Assent	% Dissent
Adoption of Financial Statements (FY26)	362,106,268	426	99.9999	0.0001
Dividend of ₹54 per share	362,389,453	351	99.9999	0.0001
Re-appointment of Mr. V. Srinivasa Rangan	342,349,360	20,040,458	94.4699	5.5301

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.92%	-1.31%	-2.30%	+0.73%	+5.68%	+82.35%

HDFC Asset Management Company Ltd. witnessed a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹28.27 crores. The deal involved approximately 103,803 shares changing hands at a price of ₹2723.50 per share, signalling significant institutional-level activity in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Parameter:	Details
Exchange:	NSE
Trade Value:	₹28.27 Crores
Number of Shares:	~103,803
Trade Price:	₹2723.50 per share

Block trades are large-volume transactions typically executed outside the regular order book to minimise market impact. Such trades are commonly associated with institutional investors, including mutual funds, foreign portfolio investors, and other large market participants. The execution of a block deal of this magnitude in HDFC Asset Management Company Ltd. underscores the continued interest of institutional players in the asset management sector.