HDFC Bank Limited has informed the Exchange regarding Notice of Postal Ballot
HDFCBANK · price
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HDFC Bank has sent a Postal Ballot Notice to shareholders seeking approval for two key resolutions. The first is to increase the authorised share capital from Rs. 1,190.61 crore to Rs. 2,000 crore (divided into 2,000 crore equity shares of Re. 1 each) along with changes to the Memorandum of Association. The second and more significant resolution is the issuance of bonus shares in a 1:1 ratio, meaning one bonus share for every one share held, funded by capitalising the securities premium account. The Record Date for the bonus issue is Wednesday, August 27, 2025. E-voting begins July 23, 2025 and ends August 21, 2025. The bonus shares will be allotted only in demat form, so shareholders holding physical shares must dematerialise by August 25, 2025. The board approved these proposals at its July 19, 2025 meeting, and the bank must implement the bonus issue within two months of that date per SEBI rules.
If approved, every HDFC Bank shareholder will receive one additional share for each share they own, effectively doubling their share count (though the share price typically adjusts downward proportionally, keeping overall value similar in the short term). The authorised capital hike gives the bank room for future fundraising or further bonus issues. Historically, bonus issues are viewed positively by retail investors as a sign of strong reserves and shareholder-friendly management, though the stock price usually adjusts on the ex-date.