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.

HDB Financial Services , a prominent financial services company, has successfully raised Rs. 200 crore through the issuance of Non-Convertible Debentures (NCDs) via private placement. The company's Debenture Allotment Committee approved the allotment of 20,000 secured redeemable NCDs on August 14, 2025.

Key Details of the NCD Issuance

Security and Asset Cover

The NCDs are secured by a first and exclusive charge through hypothecation over the company's present and future receivables. HDB Financial Services has committed to maintaining a minimum asset cover of 1.0 times the principal outstanding and accrued interest throughout the tenure of the NCDs.

Coupon Payment Schedule

The company has outlined the following schedule for coupon payments:

1. First Coupon: September 22, 2025
2. Second Coupon: September 22, 2026
3. Third Coupon: September 22, 2027
4. Fourth Coupon and Principal Repayment: September 22, 2028

Regulatory Compliance

This issuance is in line with the regulatory requirements, as intimated by HDB Financial Services to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The successful raising of funds through this NCD issuance demonstrates HDB Financial Services' strong position in the debt market and its ability to attract institutional investors. This capital infusion is expected to support the company's growth plans and strengthen its financial position in the competitive financial services sector.