PNB Housing Finance Ltd has fixed July 31, 2026, as the record date to determine members eligible to receive the dividend for the financial year 2025-26, subject to shareholder approval at the 38th Annual General Meeting (AGM). The Board of Directors, meeting on July 10, 2026, 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. Additionally, the Board recommended raising funds via Non-Convertible Debentures (NCDs) aggregating up to INR 10,000 Crore on a private placement basis.

The appointments of Mr. Shreekant and Mr. Rajiv Kumar Singh were made on the recommendation of the Nomination and Remuneration Committee. 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 and head of the Real Estate & Housing vertical. 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 detailed terms and conditions of the NCD issuance will be submitted post-finalization following member approval at the 38th AGM.

Key Appointments

AGM Proposals

• Dividend: Record date fixed as July 31, 2026, for FY26 dividend.
• Fundraising: Issuance of NCDs up to INR 10,000 Crore via private placement.
• Governance: Alteration of Articles of Association to align with statutory requirements.

PNB Housing Finance has received board approval to issue Non-Convertible Debentures (NCDs) worth up to Rs. 10,000 crore on a private placement basis. The Board of Directors convened on July 10, 2026, to consider the fund-raising proposal, and has greenlit the NCD issuance. The Board's recommendation is set to be presented to shareholders for approval at the ensuing Annual General Meeting.

Board Meeting and Approval

The meeting was convened pursuant to Regulation 29(1) and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation regarding the meeting was submitted to the exchanges on July 06, 2026. The following table summarises the key details of the approved proposal: