PNB Housing fixes AGM date, recommends ₹8 dividend
PNB Housing Finance Ltd has fixed August 17, 2026, as the date for its 38th AGM to be held via video conferencing. The Board recommended a dividend of ₹8 per share for FY26, with a record date of July 31, 2026. Additionally, the company appointed two independent directors and proposed raising INR 10,000 Crore via NCDs.
*this image is generated using AI for illustrative purposes only.
PNB Housing Finance Ltd has scheduled its 38th Annual General Meeting (AGM) for Monday, August 17, 2026, at 03:00 P.M. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Board of Directors, meeting on April 20, 2026, recommended a dividend of ₹8 per equity share of face value ₹10 each for the financial year 2025-26, subject to shareholder approval. The record date to determine eligibility for the dividend is fixed as Friday, July 31, 2026. If declared, the dividend will be paid within 30 days from the conclusion of the AGM directly into shareholders' bank accounts via electronic mode.
The Board also approved the appointment of Mr. Shreekant and Mr. Rajiv Kumar Singh as Additional Directors in the Independent Director category for a term of three years, effective July 10, 2026. Additionally, the Board recommended raising funds via Non-Convertible Debentures (NCDs) aggregating up to INR 10,000 Crore on a private placement basis. The detailed terms and conditions of the NCD issuance will be submitted post-finalization following member approval at the AGM.
Mr. Shreekant brings over 34 years of experience in the banking sector, having served in leadership roles at the State Bank of India (SBI), including as Chief General Manager. Mr. Rajiv Kumar Singh is a Fellow Chartered Accountant and a Certified Information Systems Auditor with nearly three decades of experience in banking, financial services, and risk management. Both directors satisfy the criteria of independence prescribed under the Companies Act, 2013, and SEBI Listing Regulations.
The Board proposed alterations to the Company’s Articles of Association (AOA) to remove obsolete provisions and align with the Companies Act, 2013. The proposed amendments include aligning provisions for share certificates and authentication of documents, rationalizing shareholder nomination rights, and updating Board composition. The Notice of the AGM along with the Annual Report for FY26 will be sent only by electronic mode to members whose email addresses are registered with the Company or Depository Participants.
Key Appointments
| Director | Category | Date of Appointment | Term |
|---|---|---|---|
| Mr. Shreekant | Independent Director | July 10, 2026 | 3 years |
| Mr. Rajiv Kumar Singh | Independent Director | July 10, 2026 | 3 years |
AGM Proposals
- Dividend: ₹8 per equity share for FY26; Record date fixed as July 31, 2026.
- Fundraising: Issuance of NCDs up to INR 10,000 Crore via private placement.
- Governance: Alteration of Articles of Association to align with statutory requirements.
Historical Stock Returns for PNB Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.50% | +3.02% | +4.97% | +35.34% | +10.53% | +93.68% |
How will the proposed ₹10,000 Crore NCD issuance impact the company's cost of borrowing and leverage ratios?
What strategic initiatives will the newly appointed independent directors prioritize regarding risk management and governance?
Will the dividend payout ratio of ₹8 per share be sustainable given the planned capital raising activities?
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