HDFC Bank Limited has informed the Exchange regarding Notice of Postal Ballot
HDFCBANK · price
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HDFC Bank has issued a Postal Ballot Notice dated March 26, 2026, seeking shareholder approval for the re-appointment of Dr. (Mrs.) Sunita Maheshwari (DIN: 01641411) as an Independent Director for a further period of 3 years, from March 30, 2026 to March 29, 2029. The proposal, recommended by the Governance, Nomination and Remuneration Committee and approved by the Board, is being put to vote as a Special Resolution. Dr. Maheshwari, a US Board-certified Pediatric Cardiologist and co-founder of the Telerad Group, has served on the Board since March 30, 2021 and attended 16 of 20 board meetings in FY 2025-26. She will receive a fixed remuneration of ₹30 lakh per annum plus sitting fees, in line with RBI's Commercial Banks Governance Directions, 2025. Shareholders can vote via remote e-voting through NSDL from March 28, 2026 (10:00 AM) to April 26, 2026 (5:00 PM), with the cut-off date for eligibility set as March 20, 2026.
This is a routine corporate governance matter and is unlikely to have any material impact on the stock price or shareholder value. Shareholders should review and cast their votes during the e-voting window. Approval is expected given that this is a standard re-appointment of an existing independent director with a strong track record of board attendance.