Postal Ballot notice to the members of HDB Financial Services

17 February 2025

Notice of postal ballot

​

Notice is given according to the Companies Act, 2013, and related rules and standards for holding general meetings and postal ballot processes through electronic voting. The resolutions listed below will be voted on by the members of the company (as of the cut-off date) through postal ballot only via remote e-voting. An explanatory statement that explains these resolutions and their reasons is included in this notice of postal ballot.

• ​To approve material-related party transactions with HDFC Bank Limited for FY26
  

​Members of the company are requested to approve the board of directors to enter into or continue arrangements, agreements, or transactions with HDFC Bank for FY26. These may include continuing or renewing existing contracts or establishing new ones. The total of these transactions could exceed 10% of the company’s consolidated annual turnover or Rs. 1,000 crores, whichever is lower, as stated in our last audited financial statements. However, all transactions must occur at arm’s length and in the ordinary course of our business.

​

• ​To approve material related party transactions with HDFC life insurance company limited for FY26
  

​The board can enter into or continue arrangements with HDFC life, including renewing or modifying earlier agreements or making new ones. These transactions may exceed 10% of the company's annual consolidated turnover or rs. 1,000 crores, whichever is lower. However, all transactions must be conducted at arm’s length and in the regular course of the company’s business.

Remote E-voting instructions at glance

Cut-off date for determining Members entitled to vote	Friday, February 7, 2025
Commencement of remote e-voting	Thursday, February 13, 2025 at 10:00 a.m. (IST)
Closure of remote e-voting	Friday, March 14, 2025 at 5:00 p.m. (IST)