General Announcement::HDFC Bank Limited- Outcome of 22nd AGM

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFC BANK US$500M3%N180306 - XS0897434949 - 2QPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jul-2016 16:35:50
Status
New
Announcement Sub Title
HDFC Bank Limited- Outcome of 22nd AGM
Announcement Reference
SG160722OTHR0A9P
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Senior Manager
Effective Date and Time of the event
22/07/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Sub: Outcome of the 22ndAnnual General Meeting of the Bank.

We wish to inform you that the 22nd Annual General Meeting (AGM) of the Bank was held on July 21, 2016 at 2.30 p. m. at Birla Matushri Sabhagar, 19, New Marine Lines, Mumbai 400 020 India.
The following items of business as stated in the notice of 22ndAGM were then taken up for consideration:

1. Adoption of the audited financial statements (standalone and consolidated) for the year ended March 31, 2016 and the reports of the Board of Directors and Auditors thereon.
2. Declaration of Dividend on equity shares.
3. Appointment of Director in place of Mr. Keki Mistry (DIN 0008886), who retires by rotation and being eligible, offers himself for re-appointment.
4. Appointment of Director in place of Mrs. Renu Karnad (DIN 00008064), who retires by rotation and, being eligible, offers herself for re-appointment.
5. Re-appointment of Statutory Auditors and fixing of their remuneration.
6. Appointment of Mr. Umesh Chandra Sarangi (DIN 02040436) as Independent Director of the Bank.
7. Approval of related party transactions with HDFC Limited pursuant to applicable provisions.
8. Approval of related party transaction with HDB Financial Services Limited pursuant to applicable provisions.
9. Revision in the term of appointment of Mr. Paresh Sukthankar (DIN 01843099), Deputy Managing Director
10. Payment of profit related commission to Non-Executive Directors of the Bank.
11. Increase in authorized share capital of the Bank.
12. Amendment of clause V of Memorandum of Association.
13. Issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Senior Long Term Infrastructure Bonds on a private placement basis
14. Issue of equity stock options.

The above resolutions were proposed and seconded for voting by various shareholders. All the resolutions were passed with overwhelming majority.
You are requested to kindly take the same on record.

Attachments

SGX Outcome AGM.pdf
Total size =33K