HDB Financial Services allotted 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis on May 18, 2026. The allotment was approved at a meeting of the Debenture Allotment Committee held on the same day, commencing at 12:30 p.m. and concluding at 12:50 p.m. Each NCD carries a face value of ₹1,00,000, with the total issue size aggregating to ₹3,00,00,00,000.

NCD Allotment Details

The key terms and parameters of the allotment are outlined in the table below:

Security and Charge

The NCDs are secured by a first and exclusive charge by way of hypothecation over the present and future receivables of the issuer. A minimum asset cover of 1 (One) time of the principal outstanding and interest accrued but not paid is to be maintained throughout the tenure of the NCDs. No special rights, privileges, or interests are attached to the instrument, and no delays or defaults in payment of interest or principal have been reported.

Listing and Compliance

The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment details were communicated to both the National Stock Exchange of India Limited and BSE Limited by Dipti Jayesh Khandelwal, Company Secretary and Compliance Officer (Membership No. F11340).

The Board of Directors of HDB Financial Services Limited, at its meeting held on Thursday, May 14, 2026, approved the appointment of Mr. Natarajan Srinivasan as Non-Executive Chairman and Additional Independent Director of the Company. The appointment is effective May 14, 2026, for a term of three years, concluding on May 13, 2029. Mr. Srinivasan is not related to any other Directors or Key Managerial Personnel of the Company and is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.

Appointment Details

The following table summarises the key details of Mr. Natarajan Srinivasan's appointment:

Profile of Mr. Natarajan Srinivasan

Mr. Natarajan Srinivasan is a seasoned corporate leader with over four decades of experience in finance, strategy, and business transformation. He is a qualified Chartered Accountant and Company Secretary and has held several senior leadership positions within the Murugappa Group. He previously served as the Executive Vice Chairman and Managing Director of Cholamandalam Investment and Finance Company Limited, where he played a pivotal role in scaling and strengthening the Company's financial services business. He also served as the Managing Director and CEO of CG Power and Industrial Solutions Limited, leading its turnaround and strategic repositioning. Mr. Srinivasan has been associated with the boards of various listed and unlisted companies and is widely regarded for his expertise in financial management, governance, and business restructuring.

Board and Corporate Actions

The Board approved the re-appointment of Mr. Jimmy Tata (DIN: 06888364), who retires by rotation and, being eligible, has offered himself for re-appointment as a Non-Executive Non-Independent Director. This re-appointment is subject to the approval of the Members at the ensuing 19th Annual General Meeting. The 19th Annual General Meeting of the Company is scheduled to be held on Thursday, June 25, 2026, through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Final Dividend Recommendation

The Board of Directors recommended a final dividend for the financial year ended March 31, 2026, at its meeting held on Wednesday, April 15, 2026. The key details of the dividend are as follows:

The dividend is subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. The record date for determining the eligibility of members entitled to receive the said dividend has been fixed as Thursday, June 18, 2026.