HDFC Bank has published a newspaper notice in the Business Standard and its Marathi translation in Navshakti, dated May 13, 2026, communicating to shareholders the process for deduction of Tax at Source (TDS) on the forthcoming dividend for the financial year ended March 31, 2026. The notice was filed with stock exchanges vide Ref. No. SE/2026-27/33, signed by Company Secretary Ajay Agarwal.

Dividend Recommendation for FY Ended March 31, 2026

The Board of Directors of HDFC Bank, at its meeting held on April 18, 2026, recommended a dividend for the financial year ended March 31, 2026. The key details of the recommended dividend are as follows:

The dividend will be paid to shareholders holding equity shares of the Bank, either in electronic or in physical form, as on the record date of June 19, 2026, subject to approval at the ensuing Annual General Meeting.

TDS Deduction on Dividend

In terms of the provisions of the Income-tax Act, 2025, dividend paid or distributed by a company is taxable in the hands of the shareholders. Accordingly, HDFC Bank is required to deduct Tax at Source (TDS) at the time of payment of dividend. The deduction of TDS will depend on:

• The category of the shareholder
• The residential status of the shareholder
• Necessary documents submitted by shareholders and accepted by the Bank in accordance with applicable provisions of the Act

The dividend will be paid by the Bank after deducting applicable TDS, if any.

Document Submission Window and Process

Shareholders are requested to furnish the necessary documents to Datamatics Business Solutions Limited, the Registrar and Share Transfer Agent (RTA), within the stipulated window. The key details for document submission are outlined below:

The Bank has also sent an email communication on May 11, 2026 to all shareholders having their email IDs registered with the Bank or Depositories, explaining the applicable conditions for deduction of TDS along with links to various forms.

Important Note for Shareholders

The Bank has clarified that it is obligated to deduct TDS based on the records available with the RTA. No request will be entertained for revision of TDS return after the document submission window closes on July 6, 2026. Shareholders are therefore strongly advised to submit all required documents within the stipulated period to ensure accurate TDS computation on their dividend income.

The notice was published on behalf of HDFC Bank Limited and signed by Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight (Membership No. FCS 9023), from Mumbai, dated May 12, 2026.

HDFC Bank has received approval from the Reserve Bank of India (RBI) for its group entities to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in ICICI Bank Limited and Kotak Mahindra Bank Limited. The approval was communicated through RBI letters dated May 6, 2026, and was disclosed to the stock exchanges under Regulation 30 on the same date.

RBI Approval: Key Details

The approval covers HDFC Bank acting as promoter and sponsor of several group entities. The following entities are included under the scope of this approval:

• HDFC Mutual Fund
• HDFC Life Insurance Company Limited
• HDFC ERGO General Insurance Company Limited
• HDFC Pension Fund Management Limited
• HDFC Securities Limited

The table below summarises the key parameters of the RBI approval:

Background and Regulatory Context

The application to the RBI was necessitated by provisions under the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 ("RBI Directions"). Under these directions, 'aggregate holding' encompasses shareholding by the bank itself, body corporates under the same management or control, mutual funds, trustees, and promoter group entities, among others.

HDFC Bank clarified that while the bank itself does not intend to invest in ICICI Bank or Kotak Mahindra Bank, the aggregate holding of its group entities was likely to exceed the prescribed threshold of 5%. Accordingly, HDFC Bank made the application to the RBI on behalf of its group entities on January 23, 2026, as mandated under the RBI Directions applicable to the bank.

Compliance and Ongoing Obligations

HDFC Bank is required to ensure that the aggregate holding in ICICI Bank and Kotak Mahindra Bank does not exceed 9.95% of the paid-up share capital or voting rights of either bank at any point in time during the validity of the approval. The bank has noted that the investments by HDFC Bank group entities are in the normal course of business of the respective group entities.

The disclosure was made by Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight, HDFC Bank Limited, via reference number SE/2026-27/31.