Intimation under Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
HDFCBANK · price
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HDFC Bank Limited has announced the results of its postal ballot e-voting conducted between April 21, 2026 and May 20, 2026. A Special Resolution to amend the Employee Stock Incentive Plan 2022 was passed with overwhelming shareholder approval. Out of 43.95 lakh eligible members, 14,364 members holding 1,038.35 crore shares participated in the voting, representing 67.46% of total outstanding shares. The resolution received 87.45% votes in favour (908.06 crore shares) and 12.55% votes against (130.29 crore shares). Since votes in favour exceeded three times the votes against, the resolution is deemed passed as per regulatory requirements. Promoter group did not participate in the voting (0 shares voted).
The passing of this resolution allows HDFC Bank to amend its employee stock incentive plan, which may help attract and retain talent. Shareholders approved the changes with strong support, indicating confidence in the bank's compensation strategy. Minimal impact expected on stock price as amendments to existing ESOP plans are routine corporate actions.