HDB Financial Services Limited has announced a key senior management appointment, naming Mr. Akash Bararia as Head - Consumer Finance with immediate effect from March 12, 2026. The appointment was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee, positioning Mr. Bararia as Senior Management Personnel of the company.

Appointment Details

The company disclosed the appointment through regulatory filings to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment represents a change in senior management personnel structure at the financial services company.

Professional Background

Mr. Akash Bararia brings extensive experience to his new role, with over two decades in the financial services sector. His expertise spans sales finance, business operations, and distribution management, with a particular strength in improving sales productivity and supporting business growth across distribution networks.

Previous Experience

Before joining HDB Financial Services, Mr. Bararia held leadership positions at several prominent financial organizations:

• Allianz Partners
• Edelweiss Asset Management
• Citigroup Consumer Finance
• GE Money

In these roles, he managed large distribution networks and led business transformation initiatives, demonstrating his capability in scaling operations and driving organizational change.

Qualifications and Expertise

Mr. Bararia holds an MBA in Finance and is recognized for his ability to drive operational efficiency and build scalable processes. His core competencies include:

• Operational efficiency improvement
• Scalable process development
• Financial strategy alignment with business objectives
• Distribution network management
• Business transformation leadership

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Clauses 7 of Paragraph A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dipti Jayesh Khandelwal, Company Secretary and Compliance Officer, ensuring proper regulatory adherence.

This strategic appointment reflects HDB Financial Services' focus on strengthening its consumer finance operations through experienced leadership in the competitive financial services landscape.

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