HDFC Life Insurance Company Limited has allotted 1,45,23,906 fully paid-up equity shares to its promoter, HDFC Bank Limited, on a preferential basis for approximately ₹1,000 crore. The shares were issued at a price of ₹688.52 per equity share, increasing the insurer's paid-up equity share capital to ₹2,172.47 crore.

The board of directors approved the allotment on June 16, 2026, following a special resolution passed by shareholders through a postal ballot on May 16, 2026. The transaction received necessary regulatory approvals prior to the board's decision. With each share carrying a face value of ₹10, the total paid-up equity share capital now comprises 2,17,24,74,981 equity shares.

Allotment Details

The key parameters of the preferential allotment are summarised below:

The allotment was communicated to the National Stock Exchange of India Limited and BSE Limited on June 16, 2026. The filing was signed by Nagesh Pai, Company Secretary & Compliance Officer of HDFC Life Insurance Company Limited.

HDFC Life Insurance Company Limited has fixed Friday, June 19, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2.10 per equity share of face value ₹10 each for FY 2025-26. The dividend payment is subject to the approval of members at the 26th Annual General Meeting (AGM), scheduled to be held on Thursday, July 16, 2026, at 2.00 p.m. via Video-Conferencing and Other Audio-Visual Means (OAVM). The meeting will be conducted without a physical venue in compliance with the Companies Act, 2013 and circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

Pursuant to SEBI Listing Regulations, the dividend will be paid exclusively through electronic mode. Shareholders must ensure their bank details are updated with their depository participants or the registrar, KFin Technologies Ltd., to receive timely credit. Dividends for physical folios that are not KYC compliant will be withheld until the necessary details are updated with the registrar.

Under the provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of members, and the company will deduct tax at source (TDS) at prescribed rates. To ensure the correct TDS rate is applied, shareholders must submit prescribed documentation to KFin Technologies Ltd. via email or the KFinTech website by Tuesday, June 30, 2026.

Notices and the Integrated Annual Report for FY 2025-26 will be sent via email to members with registered email addresses. Members without registered email IDs will receive a letter containing a web-link or QR code to access the documents. These documents will also be available on the company’s website, the websites of the stock exchanges, and the e-voting service provider, National Securities Depository Limited (NSDL).

Members holding shares in physical form are advised to register or update their KYC details, including email ID and bank account information, by downloading forms from the KFinTech website and submitting them to the registrar. Those holding shares in dematerialized form should update their details directly with their respective depository participants.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE795G01014/915c4fb7acfb49a9.pdf