PNB Housing Finance Limited has announced that its Board of Directors will convene on September 5 to discuss a significant fundraising initiative through Non-Convertible Debentures (NCDs).

Proposed Fundraising Details

The board meeting, scheduled for Friday, September 5, will focus on a proposal to raise funds up to ₹5,000 crore through the issuance of NCDs. Key points of the proposed fundraising include:

• Maximum Amount: Up to ₹5,000.00 crore
• Issuance Method: Private placement basis
• Structure: To be issued in tranches
• Additional Feature: Possibility of a green shoe option

Regulatory Compliance

PNB Housing Finance has made this announcement in compliance with Regulations 29(1) and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the BSE Limited and the National Stock Exchange of India Limited about the upcoming board meeting.

Company Statement

Veena G Kamath, Company Secretary of PNB Housing Finance, stated in the regulatory filing, "At the said meeting, inter-alia, the proposal of fund raising by issuance of Non-Convertible Debentures (NCDs) upto a maximum amount of INR 5,000 crore, in tranches, with or without green shoe option, on private placement basis, in one or more tranches, is being placed seeking approval and authorisations from the Board."

Investor Information

The company has assured that this intimation will be made available on its official website for investors and stakeholders to access.

This potential fundraising move by PNB Housing Finance comes as part of its financial strategy, likely aimed at strengthening its capital base or funding its business operations. Investors and market watchers will be keenly awaiting the outcome of the September 5 board meeting for further details on this significant financial decision.

PNB Housing Finance Limited has announced the appointment of D. Surendran as an Additional Director in the capacity of Non-Executive Nominee Director, effective August 23, 2025. This strategic move, recommended by the Nomination and Remuneration Committee, brings a wealth of banking experience to the company's board.

Appointment Details

Surendran, nominated by Punjab National Bank (PNB), will serve a five-year term, subject to approval at the next general meeting or for three months from the appointment date, whichever comes first. This appointment aligns with PNB Housing Finance's commitment to strengthening its leadership with seasoned professionals.

Extensive Banking Experience

With an impressive 35-year career in the banking sector, Surendran brings valuable expertise to PNB Housing Finance. His journey in banking began with Canara Bank in 1990, where he progressed through various roles, showcasing his adaptability and leadership skills.

Current Roles and Responsibilities

Since March 2025, Surendran has been serving as an Executive Director of Punjab National Bank. His involvement extends to several key committees within PNB, including:

• Management Committee of the Board
• IT Strategy Committee of the Board
• Committee of Directors to Review Vigilance and Non-Vigilance Cases
• Customer Service Committee of the Board
• Credit Approval Committee of the Board
• Steering Committee of the Board on HR
• Capital Raising Committee

Educational Background

Surendran's educational qualifications underscore his diverse skill set:

• Bachelor's degree in Agriculture
• Master's in Science
• Postgraduate Diploma in Software Engineering
• Certified Associate of the Indian Institute of Bankers

Impact on PNB Housing Finance

The appointment of D. Surendran is expected to bring fresh perspectives to PNB Housing Finance's board, leveraging his extensive experience in various aspects of banking and finance. His expertise in branch operations, having headed multiple branches across diverse demographics, could prove invaluable for the company's strategic growth and operational efficiency.

PNB Housing Finance's decision to bring Surendran on board reflects its focus on strengthening governance and tapping into seasoned banking expertise to navigate the evolving financial landscape.

As the company continues to position itself in the competitive housing finance sector, Surendran's appointment may signal a strategic move to enhance its market presence and refine its operational strategies.