PNB Housing Finance Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
PNBHOUSING · price
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Awaiting price reaction for this filing.
PNB Housing Finance held its 37th AGM on August 21, 2025, via video conferencing, where shareholders approved several key resolutions. A dividend of Rs. 5 per equity share (on face value of Rs. 10) was declared for FY25, with payment scheduled for September 8, 2025. The Board was authorized to raise up to Rs. 10,000 crore through non-convertible debentures (NCDs) or bonds on a private placement basis until the next AGM. Mr. Dilip Kumar Jain, a nominee of promoter Punjab National Bank, was re-appointed as a non-executive director liable to retire by rotation. Vinod Kothari & Company was appointed as Secretarial Auditor for a five-year term (FY2025-26 to FY2029-30). Additionally, the Object Clause of the Memorandum of Association was amended to allow the company to offer unsecured loans within regulatory limits.
Shareholders benefit from a confirmed dividend payout and signals of growth-oriented fundraising plans. The MOA amendment broadens the company's lending scope, potentially supporting business expansion in unsecured loans, which could be positive for long-term growth but also introduces additional risk exposure.