PNB Housing Finance Limited has informed the Exchange regarding Outcome of the 37th Annual General Meeting (AGM) of the Company held on August 21, 2025
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PNB Housing Finance held its 37th AGM on August 21, 2025, and shareholders approved five key items. A dividend of ₹5 per equity share (on face value of ₹10) has been declared for FY25, with payment scheduled for September 8, 2025. Mr. Dilip Kumar Jain, Chief General Manager and CFO of promoter Punjab National Bank, was re-appointed as a non-executive nominee director. Vinod Kothari & Company was appointed as Secretarial Auditor for a five-year term from FY26 to FY30. Shareholders also authorised the board to raise up to ₹10,000 crore through non-convertible debentures (NCDs) or bonds on a private placement basis until the next AGM. Additionally, the Object Clause of the Memorandum of Association was amended to allow the company to offer unsecured loans within the regulatory framework, expanding its lending scope beyond its current housing finance focus.
Shareholders benefit from the ₹5 per share dividend and the fund-raising flexibility of up to ₹10,000 crore via NCDs, which strengthens growth capital. The amendment enabling unsecured lending broadens the company's business model beyond traditional secured housing finance, which could support future revenue diversification.