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

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.

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.