UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of March, 2023
Commission File Number 001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-Not Applicable .
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HDFC BANK LIMITED | ||||||
| (Registrant) | ||||||
| Date: March 27, 2023 | By | /s/ Santosh Haldankar | ||||
| Name: Santosh Haldankar | ||||||
| Title: Company Secretary | ||||||
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this Report pursuant to the General Instructions for Form 6-K.
Exhibit I
Description
Result of the Postal Ballot and e-voting on resolutions of HDFC Bank Limited
March 27, 2023
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir/ Madam,
Sub: Result of the Postal Ballot and e-voting on resolutions of HDFC Bank Limited
We hereby submit the results of the e-voting pursuant to the Postal Ballot of the Bank, for all resolutions as specified in the Postal Ballot Notice dated February 10, 2023.
| Period of Postal Ballot |
February 24, 2023 to March 25, 2023 | |
|
Total no. of shareholders as on the cut-off date |
22,80,227 |
All the resolutions placed through the Postal Ballot were passed with the requisite majority. The resolutions are deemed as passed on the last date of the e-voting period, i.e. Saturday, March 25, 2023.
The Report of the Scrutinizer viz., M/s. BN & Associates, is enclosed herewith.
We request you to bring the above to the notice of all concerned.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Sr. Vice President (Legal) & Company Secretary
Encl.:a/a.
HDFC BANK LTD - VOTING RESULTS OF POSTAL BALLOT-2023
| Date of declaration of result of Postal Ballot |
25th March, 2023 | |||||||||||||||
| Total number of shareholders as on cut off date i.e. 17th February, 2023 |
2280227 | |||||||||||||||
|
No. of Shareholders present in the meeting either in person or through proxy |
Not Applicable | |||||||||||||||
|
Promoters and Promoter Group: |
||||||||||||||||
|
Public: |
||||||||||||||||
|
No. of Shareholders attended the meeting through Video Conferencing |
Not Applicable | |||||||||||||||
|
Promoters and Promoter Group: |
- | |||||||||||||||
|
Public: |
- | |||||||||||||||
| Resolution required: (Ordinary/Special) | Ordinary (01) : Approval of Related Party Transactions
with Housing Development Finance Corporation Limited | |||||||||||||||
| Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of Votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14328868 | 0.863 | 14270904 | 57964 | 99.595 | 0.405 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14328868 | 0.863 | 14270904 | 57964 | 99.595 | 0.405 | |||||||||
| Total |
5578211396 | 2582449716 | 46.295 | 2582391752 | 57964 | 99.998 | 0.002 | |||||||||
| Resolution required: (Ordinary/Special) | Ordinary (02) : Approval of Related Party Transactions with
HDB Financial Services Limited | |||||||||||||||
| Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14319278 | 0.862 | 14253948 | 65330 | 99.544 | 0.456 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14319278 | 0.862 | 14253948 | 65330 | 99.544 | 0.456 | |||||||||
| Total |
5578211396 | 2582440126 | 46.295 | 2582374796 | 65330 | 99.997 | 0.003 | |||||||||
| Resolution required: (Ordinary/Special) | Ordinary (03) : Approval of Related Party Transactions with
HDFC Securities Limited | |||||||||||||||
|
Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14318383 | 0.862 | 14258800 | 59583 | 99.584 | 0.416 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14318383 | 0.862 | 14258800 | 59583 | 99.584 | 0.416 | |||||||||
| Total |
5578211396 | 2582439231 | 46.295 | 2582379648 | 59583 | 99.998 | 0.002 | |||||||||
| Resolution required: (Ordinary/Special) | Ordinary (04) : Approval of Related Party Transactions with
HDFC Life Insurance Company Limited | |||||||||||||||
| Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14313002 | 0.862 | 14248502 | 64500 | 99.549 | 0.451 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14313002 | 0.862 | 14248502 | 64500 | 99.549 | 0.451 | |||||||||
| Total |
5578211396 | 2582433850 | 46.295 | 2582369350 | 64500 | 99.998 | 0.002 | |||||||||
| Resolution required: (Ordinary/Special) | Ordinary (05) : Approval of Related Party Transactions with
HDFC ERGO General Insurance Company Limited | |||||||||||||||
| Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14314866 | 0.862 | 14250565 | 64301 | 99.551 | 0.449 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14314866 | 0.862 | 14250565 | 64301 | 99.551 | 0.449 | |||||||||
| Total |
5578211396 | 2582435714 | 46.295 | 2582371413 | 64301 | 99.998 | 0.002 | |||||||||
| Resolution required: (Ordinary/Special) | Ordinary (06) : Approval of Related Party Transactions with
HDFC Credila Financial Services Limited | |||||||||||||||
| Whether promoter/ promoter group are interested in the agenda/resolution? |
YES | |||||||||||||||
| Category | Mode of Voting | No. of shares held |
No. of votes Polled |
% of Votes Polled on outstanding Shares |
No. of Votes - in Favour |
No. of Votes - Against |
% of Votes in favour on votes Polled |
% of Votes against on votes Polled | ||||||||
| 1 | 2 | (3)={(2)/(1)}*100 | 4 | 5 | (6)={(4)/(2)}*100 | (7)={(5)/(2)}*100 | ||||||||||
|
Promoter and Promoter Group |
E-Voting | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1164625834 | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | |||||||||
| Public - Institutions |
E-Voting | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 2753262189 | 2568120848 | 93.276 | 2568120848 | 0 | 100.000 | 0.000 | |||||||||
| Public - Non Institutions |
E-Voting | 14314983 | 0.862 | 14247147 | 67836 | 99.526 | 0.474 | |||||||||
| Poll | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Postal Ballot (If Applicable) | 0 | 0.000 | 0 | 0 | 0.000 | 0.000 | ||||||||||
| Total | 1660323373 | 14314983 | 0.862 | 14247147 | 67836 | 99.526 | 0.474 | |||||||||
| Total |
5578211396 | 2582435831 | 46.295 | 2582367995 | 67836 | 99.997 | 0.003 | |||||||||
SCUTINIZER’S REPORT
March 27, 2023
To,
The Chairman
HDFC Bank Limited
HDFC Bank House,
Senapati Bapat Marg,
Lower Parel (West),
Mumbai 400 013.
Sub: HDFC Bank Limited - Scrutinizer’s Report on Postal Ballot (E-voting) Results
The Board of Directors of HDFC Bank Limited (hereinafter referred to as ‘‘the Bank”) at their meeting held on February 10, 2023, have appointed me as the Scrutinizer to scrutinize the Postal Ballot e-voting process in a fair and transparent manner in respect of all the Resolutions as stated in the Postal Ballot Notice dated February 10, 2023 (the “Postal Ballot Notice”).
In compliance with the provisions of Section 110 of the Companies Act, 2013 (the “Act”) read with Rule 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”) Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India, including any circulars, statutory modification(s), clarification(s), substitution(s) or re-enactment(s) thereof for the time being in force, guidelines prescribed by the Ministry of Corporate Affairs (the “MCA”), Government of India, for holding general meetings/ conducting postal ballot process through e-voting vide General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020 and 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 8, 2021 and 11/2022 dated December 28, 2022 (the “MCA Circulars”) and any other applicable laws and regulations, the special businesses mentioned in the Postal Ballot Notice dated February 10, 2023, were proposed to be passed by the Members of HDFC Bank Limited through Postal Ballot via remote electronic voting (e-voting) only. The Bank had, accordingly, provided facility of e-voting to all Members of the Bank to enable them to cast their votes electronically on the special businesses mentioned in the Notice.
The Bank has engaged the services of National Securities Depository Ltd, as the Electronic Voting Service Provider (“NSDL” or “EVSP”) who had made necessary arrangements to facilitate e-voting by the shareholders of the Bank on their website at www.evoting.nsdl.com. Datamatics Business Solutions Limited are the Registrar and Share Transfer Agents for the Bank (the “RTA”).
1 | Page
Accordingly, the Bank had sent the Postal Ballot Notice including all the requisite information required by the shareholders to cast their votes, in electronic form only to all those Members who had registered their e-mail addresses with the Bank / RTA / Depository Participants, as on Friday, February 17, 2023 (being the cut-off date for this purpose). The communication of the assent or dissent of the Members was sought through the e-voting system only.
In order to facilitate those Members who had not yet registered their e-mail addresses, a proper procedure was laid down for the shareholders to get their email address registered with the RTA prior to the cut-off date so that they could also participate in the e-voting facility extended by the Bank.
The Bank and the EVSP had uploaded the Notice together with the explanatory statement on their respective websites viz. www.hdfcbank.com and www.evoting.nsdl.com and Electronic Voting Event Number “123432.” (‘EVEN’) was generated for casting the votes through e-voting mode. The Bank and the EVSP have complied with all the necessary formalities specified under the Act, the Rules framed thereunder and the MCA Circulars issued in this regard.
The aforesaid Postal Ballot Notice was sent on or before February 20, 2023 through e-mail to all the Members of the Bank who had registered their e-mail addresses as on February 17, 2023.
The Management of the Bank is responsible for ensuring compliance with the requirements of the Act and the Rules made thereunder and SEBI Listing Regulations relating to the items being placed for approval of the members through postal ballot by e-voting. My responsibility as the Scrutinizer of the voting process (through e-voting), was restricted to scrutinizing the e-voting process, in a fair and transparent manner and to prepare a Scrutinizer’s Report on the votes cast in favour and against the resolutions stated in the Notice, based on the data generated from the e-voting system provided by EVSP.
I report that the Postal Ballot Notice was sent through e-mail to 21,87,094 members whose email address was registered with the Bank / RTA / Depositories and as made available with the RTA. The total Number of Members as on the Cut-off date was 22,80,227. The e-voting period commenced from Friday, February 24, 2023 from 9.00 a.m. IST and ended on Saturday, March 25, 2023 at 5.00 p.m. IST. In respect of 93133 members whose email addresses were not available, a Public Notice with regard to the Postal Ballot Notice was published on February 21, 2023 in “Business Standard” English Newspaper, and in “Navshakti”, Marathi Newspaper (Mumbai edition) providing requisite information and contact details of the EVSP and the RTA for registering email addresses and addressing queries on e-voting.
The item for which approval of the Members of the Bank was sought as stated in the Notice is mentioned hereunder: -
|
Sr. |
Type of Resolution |
Description of the resolution | ||
| 1. |
As an Ordinary Resolution | Approval of Related Party Transactions with Housing Development Finance Corporation Limited | ||
| 2. |
As an Ordinary Resolution | Approval of Related Party Transactions with HDB Financial Services Limited | ||
| 3 |
As an Ordinary Resolution | Approval of Related Party Transactions with HDFC Securities Limited | ||
| 4 |
As an Ordinary Resolution | Approval of Related Party Transactions with HDFC Life Insurance Company Limited | ||
| 5 |
As an Ordinary Resolution | Approval of Related Party Transactions with HDFC ERGO General Insurance Company Limited | ||
| 6 |
As an Ordinary Resolution | Approval of Related Party Transactions with HDFC Credila Financial Services Limited |
2 | Page
SUMMARY OF VOTES CAST
The E-voting process concluded at 5 p.m. IST on Saturday, March 25, 2023. After the closure of E-voting process the votes cast through E-voting facility were duly unblocked by me as the Scrutinizer in the presence of K. Venkataraman and Rena Oswal witnesses, not in employment of the Bank, as prescribed under sub-rule 4(xii) of rule 20 of the Companies (Management and Administration) Rules, 2014. Since e-voting facility was provided by NSDL, the details of the e-voting exercised by the Members were duly compiled by NSDL. The details of the e-voting, the compilation of the Register containing the statement of Member’s name, DP ID, Client ID and/or folio number, number of shares held, number of votes exercised, votes in favour, votes against were generated by NSDL from their website were duly scrutinized.
On scrutiny, I report that out of 22,80,227, Members holding shares as on the cut-off date, i.e. February 17, 2023, 16,165 Members holding 258,47,09,004 shares have exercised their votes through remote E-voting.
The details of Postal Ballot results for the special businesses placed for consideration and approval of the Members is given below:
Notes:
| 1. | Votes cast in favour or against has been considered on the basis of number of shares held as on the cut-off date reckoned for the purpose of postal ballot |
| 2. | Vote Cast In favour or against is calculated based on the Valid Votes cast through Remote E-voting |
| 3. | Being a related party transaction, the members identified as Related Party abstained from voting on the resolution. None of them however, have voted against the Resolution |
Item No 1: As an Ordinary Resolution
Approval of Related Party Transactions with Housing Development Finance Corporation Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023 till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 16 | 22,59,288 | |||
| Net E-voting (A-B) considered valid |
C | 16,149 | 258,24,49,716 | |||
3 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 0 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,28,868 | 0.863 | 142,70,904 | 57,964 | 99.595 | 0.405 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,49,716 | 46.295 | 258,23,91,752 | 57,964 | 99.998 | 0.002 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.998 Percentage of votes cast Against: 0.002
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 1 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
Item No 2: As an Ordinary Resolution
Approval of Related Party Transactions with HDB Financial Services Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023
till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 81 | 22,68,878 | |||
| Net E-voting (A-B) considered valid |
C | 16,084 | 258,24,40,126 | |||
4 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 00 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 00 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,19,278 | 0.862 | 142,53,948 | 65,330 | 99.544 | 0.456 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,40,126 | 46.295 | 258,23,74,796 | 65,330 | 99.997 | 0.003 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.997 Percentage of votes cast Against: 0.003
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 2 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
Item No 3: As an Ordinary Resolution
Approval of Related Party Transactions with HDFC Securities Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023 till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 86 | 22,69,773 | |||
| Net E-voting (A-B) considered valid |
C | 16,079 | 258,24,39,231 | |||
5 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 00 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 00 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,18,383 | 0.862 | 142,58,800 | 59,583 | 99.584 | 0.416 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,39,231 | 46.295 | 258,23,79,648 | 59,583 | 99.998 | 0.002 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.998 Percentage of votes cast Against: 0.002
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 3 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
Item No 4: As an Ordinary Resolution
Approval of Related Party Transactions with HDFC Life Insurance Company Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023 till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 95 | 22,75,154 | |||
| Net E-voting (A-B) considered valid |
C | 16,070 | 258,24,33,850 | |||
6 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 00 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 00 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,13,002 | 0.862 | 142,48,502 | 64,500 | 99.549 | 0.451 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,33,850 | 46.295 | 258,23,69,350 | 64,500 | 99.998 | 0.002 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.998 Percentage of votes cast Against: 0.002
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 4 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
Item No 5: As an Ordinary Resolution
Approval of Related Party Transactions with HDFC ERGO General Insurance Company Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023 till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 100 | 22,73,290 | |||
| Net E-voting (A-B) considered valid |
C | 16,065 | 258,24,35,714 | |||
7 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 00 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 0 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,14,866 | 0.862 | 142,50,565 | 64,301 | 99.551 | 0.449 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,35,714 | 46.295 | 258,23,71,413 | 64,301 | 99.998 | 0.002 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.998 Percentage of votes cast Against: 0.002
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 5 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
Item No 6: As an Ordinary Resolution
Approval of Related Party Transactions with HDFC Credila Financial Services Limited
| Total no. of Members |
22,80,227 | |||||
| Total no. of Equity Shares |
557,82,11,396 | |||||
| E-voting as per the Postal Ballot Notice |
From 9.00 a.m. IST on Friday February 24, 2023 till 5.00 p.m. IST on Saturday March 25, 2023 | |||||
| Number of Votes | Number of Shares | |||||
| Total votes cast through E-voting |
A | 16,165 | 258,47,09,004 | |||
| Less: Invalid E-voting abstained/less voted)* refer note below |
B | 93 | 22,73,173 | |||
| Net E-voting (A-B) considered valid |
C | 16,072 | 258,24,35,831 | |||
8 | Page
Summary of E-voting through Postal Ballot
| Promoter/ Public |
No. of shares held (1) |
No. of votes cast (2) |
% of votes cast on outstanding shares (3)=[(2)/ (1)]*100 |
No. of votes - in favour (4) |
No. of votes - against (5) |
% of votes in favour on votes cast (6)=[(4)/ (2)]*100 |
% of votes against on votes cast (7)=[(5)/ (2)]*100 |
|||||||||||||||||||||
| Promoter and Promoter Group |
116,46,25,834 | 0 | 0 | 0 | 0 | 0 | 00 | |||||||||||||||||||||
| Public-Institutional holders |
275,32,62,189 | 256,81,20,848 | 93.276 | 256,81,20,848 | 0 | 100 | 00 | |||||||||||||||||||||
| Public-others |
166,03,23,373 | 143,14,983 | 0.862 | 142,47,147 | 67,836 | 99.526 | 0.474 | |||||||||||||||||||||
| Total |
557,82,11,396 | 258,24,35,831 | 46.295 | 258,23,67,995 | 67,836 | 99.997 | 0.003 | |||||||||||||||||||||
Percentage of votes cast in Favour: 99.997 Percentage of votes cast Against: 0.003
RESULTS: -
As the number of votes cast in favour of the Resolution is more than the number of votes cast against, I report that the Ordinary Resolution as per Item No. 6 as set forth in the Postal Ballot Notice dated February 10, 2023 has been passed by the Members with requisite majority. The Resolution is deemed as passed on the last date of voting that is Saturday, March 25, 2023.
I further report that as per the Postal Ballot Notice dated February 10, 2023 and the Board Resolution dated February 10, 2023, the Chairman or a person authorised by him in writing may declare and confirm the above results of voting by postal ballot in respect of the Resolutions referred, within two working days of the closure of the remote e-voting. The result of the Postal Ballot will be displayed on the website of the Bank www.hdfcbank.com and on the website of NSDL www.evoting.nsdl.com The results shall also be forwarded to the Stock Exchanges and hosted on the websites of BSE Limited and National Stock Exchange of India Limited, the exchanges where the equity shares of the Bank are listed and at the Registered Office of the Bank.
I further report that Rule 22 of the Companies (Management and Administration) Rules, 2014 has been duly complied with and the records maintained by me including the data as obtained from NSDL, the Service Provider for the e-voting facility extended by them and recording the consent or otherwise received from the Members, by e-voting which includes all the particulars of the Members such as the name, folio number/DP ID and Client ID, number of shares held, number of shares voted and number of shares assented, number of shares dissented, number of shares rejected, and other related data/papers are in my safe custody which will be handed over to the Company Secretary of the Bank.
9 | Page
I thank you for the opportunity given, to act as a Scrutinizer for the above Postal Ballot process of the Bank.
Thanking you,
Yours faithfully
For BN & Associates
Company Secretaries
| CS B Narasimhan | Place: Mumbai | |||
| (Proprietor) |
Date: March 27, 2023 | |||
| (FCS no 1303 COP no 10440) | UDIN: F001303D003322995 |
The following were the witnesses to the unblocking of the votes on March 25, 2023
| 1. K. Venkataraman | 2. Rena Oswal |
Received the Report
For HDFC Bank Limited
Santosh Haldankar
Company Secretary
| Place: Mumbai | Date: March 27, 2023 |
10 | Page