HDB Financial Services Limited has informed the Exchange about General Updates
HDBFS · price
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HDB Financial Services held its Board meeting on May 14, 2026, approving key corporate actions. Mr. Natarajan Srinivasan, a veteran with over 40 years of experience in financial services and corporate leadership, was appointed as Non-Executive Chairman and Additional Independent Director for 3 years. The Board also recommended a final dividend of Rs. 2 per equity share (face value Rs. 10) for FY2026, subject to shareholder approval at the 19th AGM scheduled for June 25, 2026. The record date for dividend entitlement is June 18, 2026. Additionally, Mr. Jimmy Tata's re-appointment as Non-Executive Non-Independent Director was proposed, liable to retire by rotation.
The appointment of an experienced industry veteran as Chairman signals strong governance focus and could boost investor confidence. The Rs. 2 dividend declaration provides direct returns to shareholders. The AGM will be held virtually on June 25, 2026.