HDB Financial Services has announced the successful allotment of secured redeemable non-convertible debentures worth Rs 175 crores through private placement. The Debenture Allotment Committee approved the allotment during its meeting held on March 12, 2026.

Debenture Issue Details

The company has allotted 17,500 NCDs with specific terms and conditions outlined for investors:

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.

The interest payment schedule follows an annual frequency with payments due on:

• March 04, 2027
• March 04, 2028
• March 04, 2029
• March 04, 2030
• March 04, 2031 (maturity)

Listing and Regulatory Compliance

HDB Financial Services plans to list these debentures on the Wholesale Debt Market Segment of BSE Limited. The NCDs have been assigned ISIN INE756I07FL5 for trading and settlement purposes.

The allotment was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Debenture Allotment Committee meeting commenced at 12:00 p.m. and concluded at 12:20 p.m. on the allotment date.

Redemption Terms

The debentures are structured as redeemable instruments that will be redeemed on maturity at par value. No special rights, interests, or privileges are attached to these instruments, maintaining a straightforward investment structure for subscribers.

Source: None/Company/INE756I01012/53bea3a6-4f46-4f6a-9f24-e08c70b22e53.pdf

HDB Financial Services Limited has announced the resignation of its Chief Business Officer, Mr. Karthik Srinivasan, who serves as Senior Management Personnel of the company. The resignation becomes effective on March 31, 2026, following his decision to pursue career opportunities outside the organization.

Resignation Details

The company disclosed that Mr. Srinivasan tendered his resignation on March 2, 2026, which has been accepted by the management. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Regulations.

Company's Response

HDB Financial Services Limited expressed sincere appreciation for Mr. Srinivasan's contributions during his tenure with the organization. The company acknowledged his professional dedication and wished him continued success in his future endeavors.

In his resignation letter addressed to G Ramesh, MD & CEO, Mr. Srinivasan stated that he thoroughly enjoyed his time at HDB Financial Services and expressed gratitude for the opportunities to contribute to the team and grow professionally. He committed to ensuring a smooth transition of his responsibilities to other team members during his remaining tenure.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 and 51 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Dipti Jayesh Khandelwal signed the disclosure document, ensuring all required regulatory formalities were completed.

The resignation represents a senior management change at HDB Financial Services Limited, with the company maintaining its commitment to transparent disclosure practices as required under securities regulations.