HDFC Bank shareholders approve ESIP amendments via postal ballot

HDFC Bank Limited has announced the outcome of its postal ballot regarding amendments to the Employee Stock Incentive Plan 2022. The resolution was passed with the requisite majority following the conclusion of the e-voting process on May 20, 2026. The results were submitted to the stock exchanges in compliance with Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Overview

The postal ballot notice was sent to shareholders on April 20, 2026, seeking approval for a special resolution to amend the Employee Stock Incentive Plan 2022. The remote e-voting facility was available from April 21, 2026, until May 20, 2026. The scrutinizer's report confirmed that the resolution received the necessary support from shareholders.

Voting Details

A total of 43,94,814 members were eligible to vote as on the cut-off date of April 17, 2026. Of these, 14,364 members participated in the e-voting process, representing 10,38,35,28,261 valid shares. The resolution secured strong backing from public institutional holders and other public shareholders.

Summary of Votes Cast

Category	No. of Shares Held	No. of Votes Cast	Votes in Favour	Votes Against	% in Favour	% Against
Public-Institutional	11,22,50,97,381	10,33,88,52,534	9,03,71,82,551	1,30,16,69,983	87.410	12.590
Public-others	4,16,82,70,947	4,46,75,727	4,34,50,767	12,24,960	97.258	2.742
Total	15,39,33,68,328	10,38,35,28,261	9,08,06,33,318	1,30,28,94,943	87.452	12.548

Outcome

The special resolution was approved as the number of votes cast in favour exceeded three times the number of votes cast against. Consequently, the amendments to the Employee Stock Incentive Plan 2022 are deemed to have been approved on May 20, 2026. The detailed scrutinizer's report has been made available on the bank's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.39%	+1.21%	-5.05%	-23.64%	-21.65%	+4.17%

HDFC Bank witnessed eleven notable block trades on the National Stock Exchange (NSE), reflecting significant institutional-level activity in the counter. The transactions collectively spanned a wide range of trade values and share volumes, with prices clustered within a narrow band across all eleven trades, underscoring sustained institutional interest.

NSE Block Trade Details

All eleven trades were executed at closely aligned price points, indicating consistent institutional participation. The details of all eleven block trades are summarised in the table below:

Parameter:	Trade 1	Trade 2	Trade 3	Trade 4	Trade 5	Trade 6	Trade 7	Trade 8	Trade 9	Trade 10	Trade 11
Exchange:	NSE	NSE	NSE	NSE	NSE	NSE	NSE	NSE	NSE	NSE	NSE
Trade Value:	Rs. 35.77 crores	Rs. 33.38 crores	Rs. 40.21 crores	Rs. 116.25 crores	Rs. 124.53 crores	Rs. 68.79 crores	Rs. 116.36 crores	Rs. 22.79 crores	Rs. 22.40 crores	Rs. 19.46 crores	Rs. 27.40 crores
Number of Shares:	~463,409	~430,561	~520,641	~1,504,854	~1,606,418	~887,567	~1,496,448	~294,902	~291,579	~252,877	~356,050
Price Per Share:	Rs. 771.90	Rs. 775.20	Rs. 772.25	Rs. 772.50	Rs. 775.20	Rs. 775.00	Rs. 777.55	Rs. 772.80	Rs. 768.30	Rs. 769.50	Rs. 769.60

Key Highlights

The first block trade was executed at Rs. 771.90 per share for approximately 463,409 shares, aggregating to Rs. 35.77 crores.
The second block trade was executed at Rs. 775.20 per share for approximately 430,561 shares, aggregating to Rs. 33.38 crores.
The third block trade was executed at Rs. 772.25 per share for approximately 520,641 shares, aggregating to Rs. 40.21 crores.
The fourth block trade was executed at Rs. 772.50 per share for approximately 1,504,854 shares, aggregating to Rs. 116.25 crores.
The fifth block trade was executed at Rs. 775.20 per share for approximately 1,606,418 shares, aggregating to Rs. 124.53 crores.
The sixth block trade was executed at Rs. 775.00 per share for approximately 887,567 shares, aggregating to Rs. 68.79 crores.
The seventh block trade was executed at Rs. 777.55 per share for approximately 1,496,448 shares, aggregating to Rs. 116.36 crores.
The eighth block trade was executed at Rs. 772.80 per share for approximately 294,902 shares, aggregating to Rs. 22.79 crores.
The ninth block trade was executed at Rs. 768.30 per share for approximately 291,579 shares, aggregating to Rs. 22.40 crores.
The tenth block trade was executed at Rs. 769.50 per share for approximately 252,877 shares, aggregating to Rs. 19.46 crores.
The eleventh block trade was executed at Rs. 769.60 per share for approximately 356,050 shares, aggregating to Rs. 27.40 crores.
All eleven trades were recorded on the NSE platform, with prices clustered within a narrow band, indicating closely aligned execution levels across all transactions.