| 19-Jul-13 |
| AGM : 19.07.2013 |
| 11-Jul-12 |
| Housing Development Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2012, inter alia, has recommended a dividend of Rs. 11 per equity share of face value of Rs. 2 each for the financial year 2011-12 (Previous year: Rs. 9 per equity share of the face value of Rs. 2 each). The dividend if approved by the Members will be dispatched/ remitted commencing from the day after the ensuing Annual General Meeting.
Housing Development Finance Corporation Ltd has informed BSE that the 35th Annual General Meeting (AGM) of the Company will be held on July 11, 2012.
(AsPer BSE ANnouncement Website Dated on 21/06/2012)
Housing Development Finance Corporation Ltd has informed BSE that the 35th Annual General Meeting (AGM) of the Company was held on July 11, 2012 under Clause 35A.
(As Per BSE Announcement Website Dated on 11/07/2012)
Housing Development Finance Corporation Ltd has informed BSE that the Minutes of the 35th Annual General Meeting (AGM) of the Company was held on July 11, 2012.
(As Per BSE Announcement Dated on 10.08.2012) |
| 08-Jul-11 |
| Housing Development Finance Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 24, 2011 to July 08, 2011 (both days inclusive) for the purpose of Payment of Dividend & 34th Annual General Meeting (AGM) of the Company to be held on July 08, 2011.
Accordingly, dividend will be paid to those Members whose names appear in the Register of Members of the Corporation / the statements of beneficial ownership maintained by the Depositories, as at the close of business hours on Thursday, June 23, 2011.
Housing Development Finance Corporation Ltd has informed BSE that the 34th Annual General Meeting (AGM) of the Company will be held on July 08, 2011.
(As Per BSE Announcement Dated on 09.06.2011)
Housing Development Finance Corporation Ltd has informed BSE that the members at the 34th Annual General Meeting (AGM) of the Company held on July 08, 2011, inter alia, have accorded to the following:
1. Considered and adopted the audited profit and
loss account of the Corporation for the financial year ended March 31, 2011, the balance sheet as at that date and the reports of the directors and the auditors thereon.
2. Declared dividend of Rs. 9 per equity share of Rs. 2 each of the Corporation.
3. Re-appointed Mr. D. N. Ghosh as a Director of the Corporation.
4. Re-appointed Dr. Ram S. Tarneja as a Director of the Corporation.
5. Re-appointed Dr. Bimal Jalan as a Director of the Corporation.
6. Re-appointed Messrs Deloitte Haskins & Sells, Chartered Accountants as Auditors for the purpose of audit of the Corporations accounts at Head
Office, all its branch offices in India and its branch offices at London, United Kingdom and Singapore.
7. Re-appointed Messrs PKF, Chartered Accountants, as Auditors, for the purpose of audit of the accounts of the Corporations Branch at Dubai, U.A.E.
8. Approved the authority to the Board wider Section 293 (1) (d) of the Companies Act, 1956 to borrow monies in excess of the paid up share capital and free reserves of the Corporation up to an amount not exceeding 2,00,000 crores.
9. Approved the re-appointment of Mr. Keki M. Mistry as the Managing Director (designated as the Vice - chairman & Chief Executive Officer') of the Corporation for a period of 5 years w.e.f. November 14, 2010 and the terms and conditions
including remuneration, in respect thereof.
10. Approved the offer, issue and allotment of equity shares of the aggregate nominal value not exceeding Rs. 5,86,75,460, represented by 2,93,37,730 equity shares of Rs. 2 each as stock options to the present and future permanent employees and Directors of the Corporation in accordance with the terms of Securities and
Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended.
(As Per BSE Announcement Dated on 08.07.2011)
Housing Development Finance Corporation Ltd has informed BSE that the members at the 34th Annual General Meeting (AGM) of the Corporation held on July 08, 2011, inter alia, have also accorded to the following:
1. Adoption of the audited annual accounts of the Corporation for the year ended March 31, 2011 and the reports of the Directors' and Auditors' thereon.
2. Declaration of dividend at the rate of Rs. 9 per equity share, payable for the full year in respect of 146,99,30,700 equity shares of Rs. 2 each of the Corporation for the financial year ended March 31, 2011.
3. Re-appointment of Mr. D N Ghosh, Dr. Ram S Tarneja & Dr. Bimal Jalan as Directors of the Company liable to retire by rotation.
4. Re-appointment of Messrs Deloitte Haskins & Sells, Chartered Accountants, as auditors of the Corporation, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting, on a remuneration, terms & conditions.
5. Re-appointment of Messes. PKF, Chartered Accountants, as Branch Auditors of the Corporation for the purpose of audit of the accounts of the Corporation's branch office at Dubai, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting, on such terms and conditions and on such remuneration, terms & conditions.
6. Authority to the Board of Directors of the Corporation to borrow from time to time such sum or sums of money as they may deem necessary for the purpose of the business of the Corporation, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Corporation (apart from temporary loans obtained from the Corporation's bankers in the ordinary course of business) and remaining outstanding at any point of time will exceed the aggregate of the paid-up share capital of the Corporation and its free reserves, that is to say, reserves not set apart for any specific purpose; Provided that the total amount up to which monies may be borrowed by the Board of Directors and which shall remain outstanding at any given point of time shall not exceed the sum of Rs. 2,00,000 crores (Rupees Two Lac Crores only), subject to necessary provisions & approvals.
7. Accorded consent for the re-appointment of Mr. Keki M Mistry as the Managing Director of the Corporation (designated as the ice-chairman & Chief Executive Officer') for a period of 5 (five) years, with effect from November 14, 2010, on remuneration, terms and conditions.
8. Authority to the Board to create, issue, offer and allot equity shares of the aggregate nominal face value not exceeding Rs. 5,86,75,460 (Rupees Five Crores Eighty Six Lacs Seventy Five Thousand Four Hundred and Sixty only) represented by 2,93,37,730 equity shares of Rs. 2 each of the Corporation, fully paid (or such adjusted numbers for any bonus, stock splits or consolidation or other re-organisation of the capital structure of the Corporation as may be applicable, from time to time) to the present and future permanent employees and directors of the Corporation, whether in India or abroad (mployees'), under Employee Stock Option Scheme - 2011 (ESOS - 2011) in terms of this resolution and on such terms and conditions.
(As Per BSE Announcement Website dated on 05.08.2011) |
| 14-Jul-10 |
| Housing Development Finance Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 01, 2010 to July 14, 2010 (both days inclusive) for the purpose of 33rd Annual General Meeting (AGM) of the Company to be held on July 14, 2010.
Housing Development Finance Corporation Ltd has informed BSE that the 33rd Annual General Meeting of the Shareholders of the Corporation (AGM) was held on July 14, 2010. The following business as set out in the Notice dated May 03, 2010, were transacted with the requisite majority by the Shareholders present thereat, by show of hands.
1. Considered and adopted the audited profit and loss account of the Corporation for the financial year ended March 31, 2010, the balance sheet as at that date and the reports of the directors and the auditors thereon.
2. Declared dividend of Rs. 36 per equity share of Rs. 10 each of the Corporation.
3. Re-appointed Mr. Keshub Mahindra, Mr. D. M. Sukthankar & Mr. Nasser M Munjee as Directors of the Corporation.
4. Re-appointed Messrs Deloitte Haskins & Sells, Chartered Accountants as Auditors, for the purpose of audit of the Corporations accounts at Head Office, all its branch offices in India and its branch offices at London, United Kingdom and Singapore.
5. Re-appointed Messrs PKF, Chartered Accountants, as Auditors, for the purpose of audit of the accounts of the Corporation's Branch at Dubai, U.A.E.
6. Approved the revision in the range of salary payable to the Managing Directors from the existing range of Rs. 4.00 lacs to Rs. 7.00 lacs per month to Rs. 6.00 lacs to Rs. 10.00 lacs per month and that of the Whole Time Director of the Corporation in the range of Rs. 3.00 lacs to Rs. 6.00 lacs per month, w.e.f. January 01, 2010.
7. Appointed Mr. Deepak S Parekh as a Director of the Corporation liable to retire by rotation in accordance with the provisions of the Companies Act, 1956.
8. Appointed Ms. Renu Sud Karnad as the Managing Director of the Corporation for a period of 5 years w.e.f. January 01, 2010 and approved the terms and conditions including remuneration, in respect thereof.
9. Appointed Mr. V Srinivasa Rangan as the Whole time Director of the Corporation (designated as 'Executive Director') for a period of 5 years w.e.f. January 01, 2010 and approved the terms and conditions including remuneration, in respect thereof.
10. Approved the sub-division of the nominal face value of the equity shares of the Corporation from Rs. 10 per equity share to Rs. 2 per equity share.
11. To give effect to the sub-division, approved the amendments to Clause V of the Memorandum of Association of the Corporation to comprise 162,50,00,000 equity shares of Rs. 2 each.
12. To give effect to the sub-division, approved the amendments to Article 3 of the Articles of Association of the Corporation to comprise 162,50,00,000 equity shares of Rs. 2 each.
(As Per BSE Announcement Dated on 14.07.2010)
Housing Development Finance Corporation Ltd has informed BSE that the members at the 33rd Annual General Meeting (AGM) of the Corporation held on July 14, 2010, inter alia, have accorded to the following:
1. Adoption of the audited annual accounts of Housing Development Finance Corporation Limited for the year ended March 31, 2010 and the reports of the Directors' and Auditors' thereon.
2. Declared dividend at the rate of Rs. 36 per equity share, payable for the full year in respect of 29,09,51,303 equity shares of Rs. 10 each of the Corporation, for the financial year ended March 31, 2010.
3. Re-appointed Mr. Keshub Mahindra, Mr. D. M. Sukthankar & Mr. N. M. Munjee as Directors of the Corporation liable to retire by rotation.
4. Re-appointed Messrs Deloitte Haskins & Sells, Chartered Accountants, as auditors of the Corporation, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting, on a remuneration, terms & conditions.
- Authorised the Board of Directors to appoint Messrs Deloitte Haskins & Sells, Chartered Accountants as Branch Auditors or any other person who may be qualified to act as such, in consultation with the auditors of the Corporation and to fix their remuneration, for the purpose of audit of any branch office(s) that may be opened by the Corporation outside India during the period until the conclusion of the next Annual General Meeting.
4. Re-appointed Messrs PKF, Chartered Accountants, as Branch Auditors of the Corporation for the purpose of the audit of the accounts of the Corporation's branch office at Dubai, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting, on remuneration terms and conditions.
5. Appointment of Mr. Deepak S. Parekh as Director of the Corporation, liable to retire by rotation.
6. To revise the range of salary payable to the Managing Directors of the Corporation from the existing range of Rs. 4,00,000 to Rs. 7,00,000 per month to Rs. 6,00,000 to Rs. 10,00,000 per month and that of the Whole-time Director of the Corporation in the range of Rs. 3,00,000 to Rs. 6,00,000 per month, with effect from January 01, 2010, with authority to the Board of Directors of the Corporation (the 'Board' which term shall be deemed to include the Compensation Committee of Directors) to determine their salary, from time to time, within the said salary range, subject to necessary provisions and approvals.
7. Appointment of Ms. Renu Sud Karnad as the Managing Director of the Corporation for a period of 5 (five) years with effect from January 01, 2010, on remuneration, terms and conditions to alter and vary the terms and conditions of the said appointment and / or agreement (including authority, from time to time, to determine the amount of salary and commission as also the type and amount of perquisites, other benefits and allowances payable to Ms. Renu Sud Karnad), in such manner as may be agreed to between the Board and Ms. Renu Sud Kamad; provided however that the remuneration payable to Ms. Renu Sud Karnad shall not exceed the limits specified in the said agreement and the limits prescribed under Schedule XIII to the Companies Act, 1956, including any amendment, modification, variation or re-enactment thereof, subject to necessary provisions and approvals.
8. Appointed Mr. V. Srinivasa Rangan, as a Director of the Corporation.
- Further resolved for the appointment of Mr. V. Srinivasa Rangan as the Whole-time Director of the Corporation (designated as 'Executive Director') for a period of 5 (five) years with effect from January 01, 2010, upon the remuneration, terms and conditions with authority to the Board of Directors of the Corporation ('Board' which term shall be deemed to include the Compensation Committee of Directors) to alter and vary the terms and conditions of the said appointment and/ or agreement (including authority, from time to time, to determine the amount of salary and commission as also the type and amount of perquisites, other benefits and allowances payable to Mr. V. Srinivasa Rangan), in such manner as may be agreed to between the Board and Mr. V. Srinivasa Rangan; provided however that the remuneration payable to Mr. V. Srinivasa Rangan shall not exceed the limits specified in the said agreement and the limits prescribed under Schedule XIII to the Companies Act, 1956, including any amendment, modification, variation or re-enactment thereof, subject to necessary provisions and approvals.
9. To sub-divide the equity shares of the Corporation having nominal face value of Rs. 10 (Rupees ten) per equity share be sub-divided into equity shares having nominal face value of Rs. 2 (Rupees two) per equity share and consequential amendment in the relevant Capital Clauses in the Memorandum and Articles of Association of the Corporation.
(As Per BSE Announcement Website dated on 09.08.2010) |
| 22-Jul-09 |
| The Company has informed that the Annual General Meeting (AGM) to be held on July 22, 2009.
Housing Development Finance Corporation Ltd (HDFC) has informed BSE that a Committee of Directors of the Corporation at its meeting held on June 09, 2009 has approved a proposal for a combined offering of Secured Redeemable Non-Convertible Debentures (NCDs) of up to Rs 4,000 crores (Rupees Four Thousand Crores only) along with Warrants in accordance with Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (SEBI DIP Guidelines).
The Warrant-Holder will upon exchange of the Warrants, be entitled to purchase equity shares of the Corporation, at a future date. The quantum of premium to be paid at the time of purchasing the equity shares will be determined at the time of issue of the Warrants. Both the NCDs and Warrants will be listed separately on the recognized Stock Exchanges.
The maximum dilution that could take place in future, if all the Warrants are exchanged into equity shares of the Corporation, would not exceed 3.5% of the expanded Equity Share Capital of the Corporation.
The NCDs together with the Warrants will be issued to Qualified Institutional Buyers on a Qualified Institutional Placement basis pursuant to and in accordance with the provisions of SEBI DIP Guidelines.
The aforesaid issue of NCDs with Warrants is subject to the approval of the Shareholders at the ensuing Annual General Meeting to be held on July 22, 2009.
(As Per BSE Announcement Website dated on 09.06.2009)
Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the members at the 32nd Annual General Meeting (AGM) of the Company held on July 22, 2009, inter alia, have accorded to the following:
1. Considered and adopted the audited profit and loss account for the year ended March 31, 2009, the balance sheet as at that date and the reports of the directors and the auditors thereon.
2. Declared dividend @ Rs 30 per equity share of Rs 10 each of the Corporation.
3. Re-appointed Mr. Shirish B Patel, Mr. B S Mehta & Dr. S A Dave as Directors of the Corporation.
4. Re-appointed Messrs Deloitte Haskins & Sells, Chartered Accountants as Auditors, for the purpose of audit of the Corporation's accounts at Head Office, all its branch offices in India and its branch offices at London, United Kingdom and Singapore.
5. Re-appointed Messrs. Pannell Kerr Forster, Chartered Accountants, as Auditors, for the purpose of audit of the accounts of the Corporation's Branch at Dubai, U.A.E.
6. Re-appointed Mr. Deepak S Parekh as the Managing Director of the Corporation (designated as 'Chairman') from March 01, 2009 upto the close of business hours on December 31, 2009.
7. Authorized the Board to pay commission to the non-whole time directors of the Corporation, for a period of 5 years w.e.f. April 01, 2010 upto April 01, 2015.
8. Authorize the Board of Directors of the Corporation or a Committee constituted in this regard, to offer, issue and allot warrants (with an option to the warrant holders to exchange the warrants with equity shares of the Corporation at a later date), simultaneously with the issue of Secured Redeemable Non-Convertible Debentures (NCDs) not exceeding Rs 4,000 crores to Qualified Institutional Buyers (QIBs) on a Qualified Institutions Placement basis, pursuant to and in accordance with Chapter XIII-A of SEBI (DIP) Guidelines, 2000.
(As Per BSE Announcement Dated on 22/07/2009)
Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the members at the 32nd Annual General Meeting (AGM) of the Company held on July 22, 2009, inter alia, have also accorded to the following:
- Issue of warrants simultaneously with Secured Redeemable Non-convertible debentures (NCDs) to Qualified Institutional Buyers (QIBs) on a Qualified Institutions
Placement (QIP) basis pursuant to and in accordance with the provisions of chapter XIII-A of the SEBI (Disclosure and Investor protection) guidelines, 2000 (DIP Guidelines)
- Authority to the Board to offer, issue and allot warrants, with a right exercisable by the warrant holder to exchange the said warrants with equity shares of the Corporation at a later date (arrants') simultaneously with the issue of Secured Redeemable Non-Convertible Debentures (NCDs), to Qualified Institutions Buyers (QIBs) on a Qualified Institutions Placement (QIP) basis, pursuant to and in accordance with the provisions of Chapter XIII-A of the DIP Guidelines, for cash, at such price or prices, in such manner and where required, in consultation with the merchant banker(s) and / or other advisor(s) or otherwise and on such terms and conditions as the Board may, in its sole and absolute discretion, decide at the time of issue of the NCDs and Warrants, at such times and in one or more tranches, so however that the Warrants would result in a maximum issue of upto 1,09,53,706 equity shares of Rs 10 each of the Corporation, after they are exchanged with the equity shares of the Corporation AND THAT the new equity shares to be issued would result in a maximum dilution of upto 3.5% of the expanded issued and paid up equity share capital of the Corporation, taking into consideration the un-exercised stock options and the foreign currency convertible bonds pending for conversion, as on date AND THAT the total amount raised through the issue of the NCDs, does not exceed Rs 4,000 crores (Rupees Four thousand crores only), subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 08.08.2009)
32nd Annual General Meeting held on July 22, 2009 and in accordance with Chapter XIII-A of the SEBI DIP Guidelines:
- Issue of 109,53,706 Warrants with a right exercisable by the warrant holder to exchange the said warrant with one equity share of face value of Rs 10 each of the Corporation, any time before the expiry of a period of 3 years from the date of its allotment;
- Issue of 20,000 Zero per cent. Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each due August 2011 for cash aggregating to Rs 2,000 crores; and
- Issue of 20,000 Zero per cent. Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each due August 2012 for cash aggregating to Rs 2,000 crores.
The maximum dilution that could take place in future, if all the Warrants are exchanged for equity shares of the Corporation at the said Warrant Exchange Price, would be up to 3.5% of the expanded equity share capital of the Corporation.
Axis Bank Ltd, Citi Global Markets India Pvt. Ltd, Glodman Sachs (India) Securities Pvt. Ltd, Hongkong & Shanghai Banking Corporation Ltd, JM Financial Consultants Pvt. Ltd, Kotak Mahindra Capital Company Ltd and Nomura Financial Advisory & Securities (India) Pvt. Ltd are the Book-Running Lead Managers while AZB Partners, Mumbai are the Legal Advisors to the Corporation, Amarchand & Mangaldas & Suresh A. Shroff & Co. Mumbai and Linklaters Allen & Gledhill, Singapore are the Legal Advisors to the Book-Running Lead Managers to the said transaction.
(As Per BSE Announcement Dated on 18/08/2009) |