HDB Financial Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HDBFS · price
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HDB Financial Services announced the results of its postal ballot concluded on March 13, 2026, with two resolutions passed by shareholders. A Special Resolution approving profit-related commission payable to Independent Directors was approved with 99.62% votes in favor, representing about 72.82 crore shares out of 73.10 crore votes polled. An Ordinary Resolution approving material related party transactions with HDFC Bank for FY 2026-27 was also passed with 97.68% support (11.29 crore shares in favor out of 11.56 crore polled). The promoter group (HDFC Bank) abstained from voting on the related party transaction as they are an interested party, which is why the turnout for that resolution was lower at 13.92%. E-voting was conducted from February 12 to March 13, 2026, and the process was scrutinized by Mr. Mitesh Shah of Mitesh J. Shah & Associates, Company Secretaries.
Both resolutions cleared with overwhelming shareholder support, clearing the way for the company to compensate independent directors and continue material transactions with its parent HDFC Bank in FY27. This is largely a routine governance approval and should have no material negative impact on the stock.