HDB Financial Services Limited has completed the allotment of equity shares to its employees under the Employee Stock Option Schemes (ESOS) on February 23, 2026. The company informed the stock exchanges about this corporate development through a regulatory filing.

Share Allotment Details

The financial services company has allotted a total of 27,926 equity shares to employees who exercised their stock options under the company's Employee Stock Option Schemes. This allotment represents the conversion of employee stock options into equity shares.

Impact on Share Capital

The allotment has resulted in an increase in HDB Financial Services Limited's paid-up share capital. The company's equity base has expanded following the conversion of employee stock options.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both major stock exchanges about the share allotment. HDB Financial Services Limited has notified the National Stock Exchange of India Limited and BSE Limited about this corporate action under Regulation 30 of the listing regulations.

The filing was signed by Dipti Jayesh Khandelwal, Company Secretary and Compliance Officer, who holds membership number F111340. The company has also made this information available on its official website for investor access and transparency.

Corporate Governance

The Employee Stock Option Schemes represent part of the company's employee compensation and retention strategy. Such schemes typically align employee interests with shareholder value creation by providing employees with ownership stakes in the company. The successful exercise of these options indicates employee confidence in the company's prospects and their commitment to its long-term growth.

HDB Financial Services has successfully completed a significant debt fundraising exercise through the allocation of secured redeemable non-convertible debentures (NCDs) via private placement. The Debenture Allotment Committee approved the allocation on February 23, 2026, representing a substantial capital raising initiative for the financial services company.

NCD Allocation Details

The company has allocated 81,000 secured redeemable NCDs with a face value of ₹1,00,000 each, totaling ₹8,61,88,20,535.80. The debentures have been structured with attractive terms for investors, featuring a coupon rate of 7.5519% and a tenure of 1136 days.

Security and Payment Structure

The NCDs are secured by a first and exclusive charge by way of hypothecation over present and future receivables of the company. The security structure maintains a minimum asset cover of 1 time the principal outstanding and interest accrued but not paid throughout the tenure of the NCDs.

The interest payment schedule is structured annually, with payments due on April 24, 2026, April 24, 2027, April 24, 2028, and final payment on maturity date April 04, 2029. The debentures are redeemable at par value.

Market Listing and Access

The debentures are proposed to be listed on BSE's Wholesale Debt Market Segment, which will provide institutional investors and qualified buyers access to trade these securities. The listing on BSE's wholesale debt platform ensures proper market infrastructure and regulatory oversight for the instruments with ISIN INE756I07FE0.

Strategic Capital Raising

This private placement represents a significant capital raising exercise for HDB Financial Services, providing the company with substantial medium-term funding through the debt market. The secured nature of the NCDs and the competitive coupon rate demonstrate the company's ability to access capital markets on favorable terms while offering investors a fixed-income instrument with defined maturity.

Source: Company/INE756I01012/208904b9-6a7a-48c4-9748-6f5b48594778.pdf