PNB Housing Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 21, 2025
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PNB Housing Finance has notified the 37th AGM to be held on August 21, 2025 at 3:00 PM via video conferencing. Shareholders will vote on adopting FY25 audited financial statements, declaring a dividend of Rs. 5 per equity share (face value Rs. 10), and re-appointing Mr. Dilip Kumar Jain as a Non-Executive Nominee Director. Other items include appointing Vinod Kothari & Company as Secretarial Auditors for 5 years (FY26–FY30), approving ongoing material related party transactions with parent Punjab National Bank and PNB Gilts Ltd, and seeking approval to raise up to Rs. 10,000 crore through non-convertible debentures (NCDs) on private placement. Commission of up to 0.25% of net profits to Independent Directors for 5 years from April 1, 2026, and an amendment to the Object Clause of the Memorandum of Association to expand lending scope are also on the agenda. E-voting window runs from August 17 to August 20, 2025, with a cut-off date of August 14, 2025.
Routine AGM notice, but the Rs. 5 dividend offers a tangible yield to shareholders, while the Rs. 10,000 crore NCD borrowing plan signals sizeable funding needs ahead. Shareholders should note the related party transaction approvals with PNB group entities and the proposed expansion of the company's lending mandate via the MOA amendment.