Appointment of Mr. Natarajan Srinivasan as a Non-Executive Chairman and an Additional Independent Director of the Company
HDBFS · price
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HDB Financial Services has appointed Mr. Natarajan Srinivasan as Non-Executive Chairman and Additional Independent Director for 3 years starting May 14, 2026. Srinivasan brings over 40 years of experience, having previously served as Executive Vice Chairman and MD of Cholamandalam Investment and Finance Company Limited, and as MD and CEO of CG Power and Industrial Solutions Limited. The company also announced re-appointment of Mr. Jimmy Tata as Non-Executive Non-Independent Director subject to shareholder approval. Additionally, the 19th AGM is scheduled for June 25, 2026, and a final dividend of Rs. 2 per equity share has been recommended for FY2026, with record date June 18, 2026.
The appointment of an experienced financial services veteran like Srinivasan as Non-Executive Chairman could bring enhanced governance and strategic oversight, which is generally positive for investor confidence.