HDB Financial Services , a prominent non-banking financial company, has successfully raised Rs 275 crore through the private placement of Non-Convertible Debentures (NCDs). The company made this announcement in a recent filing to the stock exchanges.

NCD Issuance Details

The Debenture Allotment Committee of HDB Financial Services approved the allotment of 27,500 secured redeemable NCDs on September 25, 2025. Here are the key details of the issuance:

Payment Schedule and Security

The NCDs come with a structured payment schedule for interest:

• Interest payments are scheduled for August 4, 2026, and August 4, 2027
• The final payment of interest and principal will be made at maturity on August 4, 2028

To secure the debentures, HDB Financial Services has created a first and exclusive charge by way of hypothecation over its present and future receivables. The company is required to maintain a minimum asset cover of 1.0 times the principal outstanding and interest accrued but not paid throughout the tenure of the NCDs.

Redemption and Listing

The NCDs will be redeemable at par upon maturity. As per the company's statement, these debentures are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited, enhancing their liquidity and tradability for investors.

This successful NCD issuance demonstrates HDB Financial Services' strong standing in the debt market and its ability to raise funds through various instruments. The funds raised are likely to be utilized for the company's ongoing business operations and growth initiatives.

HDB Financial Services , a prominent financial services company, has successfully secured shareholder approval for three Employee Stock Option Schemes (ESOS) through a postal ballot. The voting results, announced on September 4, reveal strong support for the ratification of ESOS from 2014, 2017, and 2022.

Voting Breakdown

The postal ballot saw participation from a total of 1,263,623 shareholders, with an impressive 86.23% of outstanding shares cast in the voting process. The results showcase a clear mandate in favor of all three resolutions:

Stakeholder Participation

The voting patterns revealed interesting insights across different shareholder categories:

1. Promoter and Promoter Group: Demonstrated unwavering support with a 100% vote in favor across all three resolutions, representing 615,461,535 shares.

2. Public Institutional Investors: Showed mixed support:

   • 50.67% approval for the 2014 and 2017 schemes
   • 39.59% approval for the 2022 scheme

3. Public Non-Institutional Investors: Exhibited strong backing with over 97% approval across all three resolutions.

Significance of the Approval

The ratification of these Employee Stock Option Schemes underscores HDB Financial Services' commitment to aligning employee interests with those of the company and its shareholders. By offering stock options, the company aims to attract, retain, and motivate key talent, which is crucial in the competitive financial services sector.

Regulatory Compliance

The postal ballot process was conducted in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has duly informed the National Stock Exchange of India Limited and BSE Limited about the voting results, maintaining transparency in its corporate governance practices.

Conclusion

The overwhelming approval of these Employee Stock Option Schemes reflects the shareholders' confidence in HDB Financial Services' long-term strategy and human resource policies. As the company moves forward with these ratified schemes, it is positioned to strengthen its workforce engagement and drive future growth in the dynamic financial services landscape.