PNB Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 21, 2025. Further, the company has informed the Exchange regarding voting results.
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 all 9 resolutions were approved by shareholders. Key items passed include adoption of FY25 audited standalone and consolidated financial statements (99.9991% in favour), declaration of a dividend of ₹5 per equity share on the face value of ₹10 (99.9993% in favour), and re-appointment of Mr. Dilip Kumar Jain as Non-Executive Nominee Director (97.6728% in favour). Shareholders also approved a borrowing plan to raise up to ₹10,000 crore through private placement of non-convertible debentures or bonds (99.5819% in favour). Material related party transactions with parent Punjab National Bank and group company PNB Gilts were approved with 93.3% support from non-interested shareholders, along with appointment of M/s Vinod Kothari & Company as secretarial auditors, commission for independent directors, and alteration of the object clause of the Memorandum of Association.
Positive for shareholders — the ₹5 per share dividend confirms a 50% payout on face value, and the ₹10,000 crore NCD borrowing approval gives the company flexibility to fund growth. All resolutions passed with overwhelming majority, indicating strong shareholder confidence and no governance concerns.