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 August, 2024

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 ☐

 

 

 


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: August 09, 2024     By:  

Ajay Agarwal

   

Name:  Ajay Agarwal

   

Title:   Company Secretary & Head – Group Oversight


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 No. 99

Description

Outcome of 30th Annual General Meeting (AGM)- Proceedings, Combined e-voting results & Scrutinizer’s Report

Exhibit 99

August 09, 2024

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Outcome of 30th Annual General Meeting (AGM)- Proceedings, Combined e-voting results & Scrutinizer’s Report

We wish to inform you that the 30th Annual General Meeting (AGM) of the Bank was held on August 9, 2024 at 2:30 p.m. (IST) through two-way video conferencing (VC) means.

Please find enclosed herewith the following:

 

  1.

Summary of proceedings of the 30th AGM;

  2.

Combined e-voting results in the prescribed format; and

  3.

Report on combined e-voting results dated August 9, 2024 issued by the Scrutinizer i.e. Ms. Manisha Maheshwari, Partner of M/s. Bhandari & Associates, Practising Company Secretaries

You are requested to kindly take the same on your records.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary & Head - Group Oversight


Annexure A

Proceedings of the 30th Annual General Meeting (“AGM”) of the Bank

The 30th AGM of the Bank was held on Friday, August 9, 2024 at 02:30 p.m. (IST) through two-way video conferencing (VC) in compliance with the applicable laws including circulars issued by Ministry of Corporate Affairs, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 from time to time and applicable provisions of the Companies Act, 2013 and the Rules made thereunder.

Mr. Atanu Chakraborty, Part-time Chairman of the Board of the Bank, chaired the meeting.

All the Directors were present at the AGM including Mr. M. D. Ranganath, Chairman of the Audit Committee, Mr. Keki Mistry, Chairman of the Stakeholders’ Relationship Committee and Mr. Harsh Kumar Bhanwala, who chairs the Nomination and Remuneration Committee meetings. The representatives of the joint Statutory Auditors, Secretarial Auditors and legal counsel of the Bank, were also present at the meeting.

At the outset, Mr. Ajay Agarwal, the Company Secretary of the Bank welcomed the shareholders to the AGM. He confirmed that the requisite quorum was present.

The Company Secretary thereafter informed that the requisite registers and documents were available for inspection by the Members till the conclusion of the meeting.

The Company Secretary further informed the shareholders that the joint Statutory Auditors and Secretarial Auditors had issued unqualified Audit Reports and pursuant to the applicable provisions of the Companies Act, 2013 and the Secretarial Standards, he stated that with the permission of the shareholders the Audit Reports and the Notice of the AGM would be taken as read.

Thereafter, the Chairman addressed the shareholders of the Bank with a brief speech wherein he apprised them, inter alia, about the domestic as well as global economic environment, the Bank’s performance, technological transformation and governance and risk architecture.

The following businesses as set out in the Notice of 30th AGM were proposed for consideration:

 

Item No.     Particulars of the Resolution  

Type of

Resolution

Ordinary Business:
1    To receive, consider and adopt the audited financial statements (standalone) of the Bank for the financial year ended March 31, 2024 along with the Reports of the Board of Directors and Auditors thereon.   Ordinary
2    To receive, consider and adopt the audited financial statements (consolidated) of the Bank for the financial year ended March 31, 2024 along with the Report of Auditors thereon.   Ordinary
3    To consider declaration of dividend on Equity Shares.   Ordinary
4    To appoint a Director in place of Mr. Bhavesh Zaveri (DIN: 01550468), who retires by rotation and being eligible, offers himself for re-appointment.   Ordinary
5    To appoint a director in place of Mr. Keki Mistry (DIN: 00008886), who retires by rotation and, being eligible, offers himself for re-appointment.   Ordinary
6    To appoint M/s. Batliboi & Purohit, Chartered Accountants as Joint Statutory Auditors and to fix the overall remuneration of the Joint Statutory Auditors.   Ordinary
Special Business:
7    To Issue Long-Term Bonds (financing of infrastructure and affordable housing), Perpetual Debt Instruments (part of additional Tier I capital) and Tier II capital bonds through private placement mode.   Special
8    To grant equity stock options under Employees Stock Option Master Scheme - 2024.   Special


The Chairman thereafter invited the shareholders to put forth their observations and seek clarifications, if any, relating to the annual financial statements, the Integrated Annual Report for FY 2023-24 and matters related thereto.

Some of the shareholders attending the meeting through VC, expressed their views / sought clarifications on various aspects such as customer service, overseas branches, dividend payout ratio, technological advancements, cyber security, synergies arising out of the merger with e-HDFC Limited, key financial ratios, Initial Public Offering (IPO) of HDB Financial Services Limited and reservation for shareholders of the Bank therein, etc. After all the queries were raised, the Chairman as well as the Managing Director & Chief Executive Officer, gave detailed responses to the said queries.

The Chairman reiterated that the e-voting facility was also available for thirty (30) minutes after the conclusion of the AGM, to those shareholders who had not already voted by means of remote e-voting. He further stated that Ms. Manisha Maheshwari, Partner of M/s. Bhandari & Associates, Practising Company Secretaries, had been appointed as Scrutinizer for scrutinizing the e-voting process in a fair and transparent manner.

The Chairman then stated that the results of the remote e-voting and e-voting at the 30th AGM, together with the Scrutinizer’s report, will be disclosed to the stock exchanges and displayed on the website of the Bank within two (2) working days from the conclusion of the AGM.

The Chairman thanked the shareholders for joining the 30th AGM of the Bank and concluded the meeting at 06.45 p.m. (IST).

Based on the Scrutinizer’s Report dated August 9, 2024 issued by Ms. Manisha Maheshwari, Partner of M/s. Bhandari & Associates, Practising Company Secretaries, all the aforementioned businesses were passed by shareholders with requisite majority.


LOGO  

 

CIN: L65920MH1994PLC080618

Email: shareholder.grievances@hdfcbank.com Website: www.hdfcbank.com

 

 

HDFC Bank Limited,

HDFC House, H.T. Parekh Marg,

165-66, Backbay Reclamation

Churchgate, Mumbai- 400020

Tel.: 022-66316000

HDFC BANK LIMITED - VOTING RESULTS OF THE THIRTIETH ANNUAL GENERAL MEETING

 

Date of declaration of result of Annual General Meeting

   August 09, 2024

Total number of shareholders on cut off date (August 02, 2024)

   3746518

No. of Shareholders present in the meeting either in person or through proxy

    

Promoters and Promoter Group:

   Not Applicable

Public:

    

No. of Shareholders attended the meeting through Video Conferencing

    

Promoters and Promoter Group:

   -

Public:

   263


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (01) : To receive, consider and adopt the audited financial
statements (standalone) of the Bank for the financial year ended
March 31, 2024 along with the Reports of the Board of Directors and
Auditors thereon.
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4867827687    89.490    4859077617    8750070    99.820    0.180
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4867827687    89.490    4859077617    8750070    99.820    0.180

Public - Non Institutions

   E-Voting       80968862    3.718    80738976    229886    99.716    0.284
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80968862    3.718    80738976    229886    99.716    0.284

Total

        7617493354    4948796549    64.966    4939816593     8979956     99.819    0.181


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (02) : To receive, consider and adopt the audited financial
statements (consolidated) of the Bank for the financial year ended
March 31, 2024 along with the Report of Auditors thereon.
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4867827687    89.490    4862163674    5664013    99.884    0.116
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4867827687    89.490    4862163674    5664013    99.884    0.116

Public - Non Institutions

   E-Voting       80953588    3.717    80723580    230008    99.716    0.284
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80953588    3.717    80723580    230008    99.716    0.284

Total

        7617493354    4948781275    64.966    4942887254     5894021     99.881    0.119


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (03) : To consider declaration  of dividend on Equity Shares
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4958035549    91.148    4958035549    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    5439520886    4958035549    91.148    4958035549    0    100.000    0.000

Public - Non Institutions

   E-Voting       80958312    3.717    80734585     223727      99.724    0.276
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80958312    3.717    80734585     223727      99.724    0.276

Total

        7617493354    5038993861    66.150    5038770134     223727      99.996    0.004


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (04) : To appoint a director in place of Mr. Bhavesh Zaveri
(DIN: 01550468), who retires by rotation and being eligible, offers
himself for re-appointment
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4956935169    91.128    4726137054    230798115    95.344    4.656
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4956935169    91.128    4726137054    230798115    95.344    4.656

Public - Non Institutions

   E-Voting       80947640    3.717    80423486    524154    99.352    0.648
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80947640    3.717    80423486    524154    99.352    0.648

Total

        7617493354    5037882809    66.136    4806560540    231322269    95.408    4.592


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (05) : To appoint a director in place of Mr. Keki Mistry
(DIN: 00008886), who retires by rotation and, being eligible, offers
himself for re-appointment
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4956935169    91.128    4678712605    278222564    94.387    5.613
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4956935169    91.128    4678712605    278222564    94.387    5.613

Public - Non Institutions

   E-Voting       80943747    3.716    80406311    537436    99.336    0.664
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80943747    3.716    80406311    537436    99.336    0.664

Total

        7617493354    5037878916    66.136    4759118916    278760000    94.467    5.533


LOGO

 

Resolution required: (Ordinary/Special)    Ordinary (06) : To appoint M/s. Batliboi & Purohit, Chartered
Accountants as Joint Statutory Auditors and to fix the overall
remuneration of the Joint Statutory Auditors
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4958035549    91.148    4946042328    11993221     99.758    0.242
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4958035549    91.148    4946042328    11993221     99.758    0.242

Public - Non Institutions

   E-Voting       80945124    3.717    80592077    353047    99.564    0.436
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80945124    3.717    80592077    353047    99.564    0.436

Total

        7617493354    5038980673    66.150    5026634405    12346268     99.755    0.245


LOGO

 

Resolution required: (Ordinary/Special)    Special (07) : To Issue Long-Term Bonds (financing of infrastructure
and affordable housing), Perpetual Debt Instruments (part of
additional Tier I capital) and Tier II capital bonds through private
placement mode
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4958194563    91.151    4918041957    40152606     99.190    0.810
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4958194563    91.151    4918041957    40152606     99.190    0.810

Public - Non Institutions

   E-Voting       80942692    3.716    80631121    311571    99.615    0.385
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80942692    3.716    80631121    311571    99.615    0.385

Total

        7617493354    5039137255    66.152    4998673078    40464177     99.197    0.803


LOGO

 

Resolution required: (Ordinary/Special)    Special (08) : To grant equity stock options under Employees Stock
Option Master Scheme - 2024
Whether promoter/ promoter group are interested in the
agenda/resolution?
   No

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    0    0    0.000    0    0    0.000    0.000

Public - Institutions

   E-Voting       4952700948    91.050    4688641044    264059904    94.668    5.332
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    5439520886    4952700948    91.050    4688641044    264059904    94.668    5.332

Public - Non Institutions

   E-Voting       80959203    3.717    80314277    644926    99.203    0.797
   Poll       0    0.000    0    0    0.000    0.000
   Postal Ballot (If Applicable)         0    0.000    0    0    0.000    0.000
   Total    2177972468    80959203    3.717    80314277    644926    99.203    0.797

Total

        7617493354    5033660151    66.080    4768955321    264704830    94.741    5.259

Yours faithfully,

For HDFC Bank Limited

 

 

Sd/-

              LOGO

Ajay Agarwal

Company Secretary & Head - Group Oversight


LOGO

Consolidated Scrutinizer’s Report for Remote E-Voting & E-Voting at the Thirtieth

(30th) Annual General Meeting of HDFC Bank Limited

[Pursuant to section 108 of the Companies Act, 2013 and

Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended]

To,

The Chairman

HDFC Bank Limited

CIN: L65920MH1994PLC080618

HDFC Bank House,

Senapati Bapat Marg,

Lower Parel (W),

Mumbai - 400 013

Dear Sir,

I, Manisha Maheshwari, Partner of M/s Bhandari & Associates, Company Secretaries, have been appointed as a Scrutinizer by the Board of Directors of HDFC Bank Limited (‘the Bank’), pursuant to Section 108 of the Companies Act, 2013 (‘the Act’) read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended and in accordance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) for the purpose of scrutinizing the remote e-voting process and e-voting process conducted at the 30th Annual General Meeting (‘AGM’) of the shareholders of the Bank held on Friday, August 09, 2024 at 02:30 P.M. (IST) through Video Conferencing (’VC’) or Other Audio Visual Means (’OAVM’) for the resolutions contained in the notice of the AGM, in a fair and transparent manner.

The management of the Bank is responsible to ensure compliance with the provisions of the Act and the rules made thereunder including Ministry of Corporate Affairs (‘MCA’) General Circular No. 14/2020 dated April 08, 2020, Circular No. 17/2020 dated April 13, 2020 and the subsequent circulars issued in this regard from time to time, the latest being Circular No. 9/2023 dated September 25, 2023 (hereinafter collectively referred to as ‘MCA Circulars’) and the Securities and Exchange Board of India (‘SEBI’) Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 and the subsequent circulars issued in this regard from time to time, the latest being Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2023/167 dated October 07 2023, (hereinafter collectively referred to as ‘SEBI Circulars’) and other provisions of the Listing Regulations and the SEBI Master Circular No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 for Foreign Portfolio Investors, Designated Depository participants and Eligible Foreign Investors dated May 30, 2024 relating to voting through electronic means by remote e-voting and electronic voting at the AGM by the shareholders on the resolutions proposed in the Notice of 30th AGM of the Bank.

 

901, Kamla Executive Park, Off. Andheri Kurla Road, J. B. Nagar, Andheri East, Mumbai – 400059.

Tel: +91 22 4221 5300 Email: bhandariandassociates@gmail.com Website: www.bhandariandassociates.com


My responsibility as a scrutinizer for the e-voting process is restricted to prepare the Scrutinizer Report on the votes cast “in favour” or “against” the resolutions based on the reports generated from the e-voting system provided by the National Securities Depository Limited (‘NSDL’), the authorized service provider for extending the facility of electronic voting to the shareholders of the Bank.

Further to the above, I submit my report as under:

 

(i)

Pursuant to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the Listing Regulations, MCA Circulars and SEBI Circulars, the Bank has availed the e-voting facility offered by NSDL for conducting remote e-voting prior to AGM and e-voting at the AGM by the Shareholders who attended the AGM through VC / OAVM and who had not cast their vote through remote e-voting.

 

(ii)

In terms of MCA Circulars and SEBI Circulars, the Bank had sent the notice of AGM along with Annual Report for the Financial Year 2023-24 in electronic form only to its members whose name(s) appeared in the Register of Members/ list of beneficiaries as on July 12, 2024.

 

(iii)

The public advertisement with respect to dispatch of notices and conducting of voting through electronic means was published in an English newspaper “Business Standard” and a vernacular newspaper “Navshakti” of wide circulation in their respective editions dated July 19, 2024.

 

(iv)

The shareholders of the Bank holding shares as on the cut-off date i.e. Friday, August 02, 2024 were entitled to vote on the resolutions as set out in the Notice of the AGM.

 

(v)

The voting period for remote e-voting commenced on Monday, August 05, 2024 at 10:00 A.M. (IST) and ended on Thursday, August 08, 2024 at 05:00 P.M. (IST) and thereafter, the voting portal was blocked forthwith. The e-voting platform was then kept open for 30 minutes post conclusion of the question and answer session at the AGM.

 

(vi)

On Friday, August 09, 2024 after the conclusion of the AGM, the report on the e-voting carried at the AGM and remote e-voting process were unblocked by me in the presence of two witnesses Mr. Saurabh Somani and Mr. Mit Shah.

 

 

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(vii)

I have scrutinized and verified the votes cast through e-voting at the AGM and remote e-voting based on the data generated from NSDL e-voting portal.

I now submit my Consolidated Report on the Results of the remote e-voting and e-voting at the AGM in respect of said resolutions as under:

Item No. 1: Ordinary Resolution

Adoption of the audited financial statements (standalone) of the Bank for the financial year ended March 31, 2024 along with the Reports of the Board of Directors and Auditors thereon.

(i) Voted in favour of the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   20     509,009     100 

Remote e-voting

   9,538     4,939,307,584     99.82 
Total     9,558     4,939,816,593     99.82 

(ii) Voted against the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0.00 

Remote e-voting

   108     8,979,956     0.18 
Total     108     8,979,956     0.18 

(iii) Invalid votes:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 2: Ordinary Resolution

Adoption of the audited financial statements (consolidated) of the Bank for the financial year ended March 31, 2024 along with the Report of Auditors thereon.

(i) Voted in favour of the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   20     509,009     100 

Remote e-voting

   9,512     4,942,378,245     99.88 
Total     9,532     4,942,887,254     99.88 

(ii) Voted against the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0.00 

Remote e-voting

   113     5,894,021     0.12 
Total     113     5,894,021     0.12 

(iii) Invalid votes:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 3: Ordinary Resolution

Declaration of dividend of Rs. 19.50/- per Equity Share for the Financial Year ended March 31, 2024.

(i) Voted in favour of the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     509,004     100 

Remote e-voting

   9,531     5,038,261,130     100 
Total     9,550     5,038,770,134     100 

(ii) Voted against the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   1     5     0.00 

Remote e-voting

   106     223,722     0.00 
Total     107     223,727     0.00 

(iii) Invalid votes:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 4: Ordinary Resolution

Re-appointment of Mr. Bhavesh Zaveri (DIN: 01550468), who retires by rotation and being eligible, offers himself for re-appointment.

(i) Voted in favour of the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     509,004     100 

Remote e-voting

   9,087     4,806,051,536     95.41 
Total     9,106     4,806,560,540     95.41 

(ii) Voted against the resolution:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0.00 

Remote e-voting

   525     231,322,269     4.59 
Total     525     231,322,269     4.59 

(iii) Invalid votes:

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 5: Ordinary Resolution

Re-appointment of Mr. Keki Mistry (DIN: 00008886), who retires by rotation and being eligible, offers himself for re-appointment.

(i) Voted in favour of the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     509,004     100 

Remote e-voting

   8,998     4,758,609,912     94.47 
Total     9,017     4,759,118,916     94.47 

(ii) Voted against the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0.00 

Remote e-voting

   617     278,760,000     5.53 
Total     617     278,760,000     5.53 

(iii) Invalid votes:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 6: Ordinary Resolution

Appointment of M/s. Batliboi & Purohit, Chartered Accountants as Joint Statutory Auditor of the Bank for a period of 3 (three) years with effect from FY 2024-25 till and including FY 2026-27 and fix the overall remuneration of the Joint Statutory Auditors.

(i) Voted in favour of the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     509,004     100 

Remote e-voting

   9,295     5,026,125,401     99.75 
Total     9,314     5,026,634,405     99.75 

(ii) Voted against the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0.00 

Remote e-voting

   299     12,346,268     0.25 
Total     299     12,346,268     0.25 

(iii) Invalid votes:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 7: Special Resolution

Issue of Long-Term Bonds (financing of infrastructure and affordable housing), Perpetual Debt Instruments (part of additional Tier I capital) and Tier II capital bonds of an amount in aggregate not exceeding Rs. 60,000/- crore through private placement mode.

(i) Voted in favour of the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     509,004     100 

Remote e-voting

   9,315     4,998,164,074     99.20 
Total     9,334     4,998,673,078     99.20 

(ii) Voted against the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   Nil     Nil     0 

Remote e-voting

   305     40,464,177     0.80 
Total     305     40,464,177     0.80 

(iii) Invalid votes:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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Item No. 8: Special Resolution

Grant of equity stock options under Employees Stock Option Master Scheme – 2024.

(i) Voted in favour of the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   19     521,454     100 

Remote e-voting

   8,708     4,768,433,867     94.74 
Total     8,727     4,768,955,321     94.74 

(ii) Voted against the resolution:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

% of total number of

valid votes cast

E-voting at AGM

   1     5     0.00 

Remote e-voting

   919     264,704,825     5.26 
Total     920     264,704,830     5.26 

(iii) Invalid votes:

 

Mode of voting

  

Number of

Members voted

  

Number of votes

cast by Members

  

E-voting at AGM

   Nil     Nil    

Remote e-voting

   1     10,272    
Total     1     10,272    

 

 

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(viii)

All the resolutions mentioned in the AGM notice dated June 20, 2024 as per the details above stand passed with requisite majority on August 09, 2024.

 

(ix)

The electronic data and all other relevant records relating to the e-voting is under my safe custody and all will be handed over to the Company Secretary for preserving safely after the Chairman considers, approves and signs the minutes of the 30th AGM.

Thanking You,

Yours Faithfully,

For Bhandari & Associates

Company Secretaries

Unique Identification No.: P1981MH043700

Peer Review Certificate No.: 611/2019

Sd/-

Manisha Maheshwari

Partner

ACS No.: 30224; C P No.: 11031

Mumbai | August 09, 2024

ICSI UDIN: A030224F000943510

 

Sd/-

         Sd/-

Witness 1: Saurabh Somani

         Witness 2: Mit Shah

Counter signed by:

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary and Head- Group Oversight

FCS:9023

(Under Authority by the Chairman)

 

 

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