PNB Housing Finance Limited has informed the Exchange regarding Outcome of Board meeting held on July 02, 2025.
PNBHOUSING · price
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PNB Housing Finance's board, at its meeting on July 2, 2025, approved the 37th Annual General Meeting to be held on August 21, 2025 via video conferencing. August 1, 2025 has been fixed as the record date to determine shareholders eligible for the FY 2024-25 dividend, subject to shareholder approval. The board also appointed M/s. Vinod Kothari & Company as Secretarial Auditor for a 5-year term starting FY 2025-26. Additionally, the board recommended raising up to ₹10,000 crore through Non-Convertible Debentures (NCDs) on a private placement basis, in one or more tranches, pending shareholder approval.
Eligible shareholders on the record date of August 1, 2025 will receive the FY25 dividend once approved at the AGM. The ₹10,000 crore NCD issuance is a debt-raising plan and will not dilute equity shareholders, though it signals continued borrowing to fund the housing finance business growth.