HDFC Life Insurance Shareholders Approve Preferential Issue of 1,45,23,906 Equity Shares to HDFC Bank via Postal Ballot

HDFC Life Insurance Company Limited has disclosed the results of its postal ballot conducted to seek member approval for the preferential allotment of 1,45,23,906 equity shares to HDFC Bank Limited, its promoter. The special resolution was passed with requisite majority and is deemed approved as of Saturday, May 16, 2026, the last date of remote e-voting. The disclosure was made via a regulatory communication dated May 18, 2026, bearing reference number HDFC Life/CA/2026-27/13.

Postal Ballot Resolution Details

The postal ballot notice, dated April 16, 2026, sought member approval for a single special resolution. The resolution pertained to the creation, offer, issue, and allotment of equity shares on a preferential basis to HDFC Bank Limited, the promoter of the company.

Item No.	Description	Type of Resolution
1	Issue of 1,45,23,906 equity shares on preferential basis to HDFC Bank Limited, Promoter of the Company	Special

The Scrutinizer for the postal ballot process was Vaibhav Dandawate (Membership No. A51538), Partner of M/s Makarand M. Joshi & Co., Practicing Company Secretaries, appointed by the Board of Directors at their meeting held on April 16, 2026. KFin Technologies (KFintech) was appointed to provide the remote e-voting facility to members.

E-Voting Process and Participation

The remote e-voting period commenced on Friday, April 17, 2026 at 09:00 A.M. (IST) and concluded on Saturday, May 16, 2026 at 5:00 P.M. (IST). The cut-off date for determining eligible shareholders was Friday, April 10, 2026. As on the cut-off date, the total number of shareholders stood at 6,94,891 (PAN-based). Newspaper advertisements were published in Business Standard (English — all editions) and Sakal (Marathi edition) on Friday, April 17, 2026, in accordance with applicable rules.

Parameter	Details
Date of Postal Ballot	Saturday, May 16, 2026
Cut-off Date	Friday, April 10, 2026
Total Shareholders on Cut-off Date	6,94,891*
E-Voting Start	April 17, 2026 at 09:00 A.M. (IST)
E-Voting End	May 16, 2026 at 5:00 P.M. (IST)

*PAN-based count for the purpose of the report.

Voting Results — Special Resolution No. 01

The voting results for the special resolution, as reported by the Scrutinizer, are detailed below. A total of 1,94,62,52,292 votes were polled out of 2,15,78,19,536 total shares held, representing an overall participation rate of 90.1953%. Of the votes polled, 1,94,62,15,532 were cast in favour and 36,760 were cast against the resolution.

Category	Total Shares Held	Votes Polled	% Votes Polled	Votes in Favour	Votes Against	% in Favour	% Against
Promoter and Promoter Group	1,08,33,42,272	1,08,33,42,272	100.0000	1,08,33,42,272	0	100.0000	0.0000
Public Institutions	85,81,11,854	77,48,76,545	90.3002	77,48,76,545	0	100.0000	0.0000
Public Non-Institutions	21,63,65,410	8,80,33,475	40.6874	8,79,96,715	36,760	99.9582	0.0418
Total	2,15,78,19,536	1,94,62,52,292	90.1953	1,94,62,15,532	36,760	99.9981	0.0019

Key Notes from the Scrutinizer's Report

The Scrutinizer's Report, dated May 18, 2026, highlighted the following:

Voting rights on shares transferred to the Investor Education and Protection Fund are frozen.
There were no invalid votes cast; abstained votes are not included or considered in the resolution results.
The special resolution was passed by the members of the company with the requisite majority.

The Scrutinizer's Report was issued by Vaibhav Dandawate, Partner, M/s Makarand M. Joshi & Co., Company Secretaries (ICSI UIN: P2009MH007000), from Mumbai on May 18, 2026. The voting results and the Scrutinizer's Report have been hosted on the company's website at www.hdfclife.com . The allotment process will be completed upon receipt of all requisite regulatory approvals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.28%	+0.13%	-2.25%	-20.83%	-19.75%	-9.54%

HDFC Life Insurance Company Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹142.52 crores. The deal involved approximately 2,328,313 shares, executed at a price of ₹612.10 per share.

Block Trade Details

The following table summarises the key parameters of the block trade:

Parameter:	Details
Exchange:	NSE
Trade Value:	₹142.52 crores
Number of Shares:	~2,328,313
Trade Price:	₹612.10 per share

Block trades of this scale on the NSE typically involve institutional participants and are executed outside the regular order book to minimise market impact. The transaction in HDFC Life Insurance Company Ltd. reflects significant institutional interest in the stock at the prevailing price level.