HDFC Bank Limited (HDFCBANK)

HDFC Bank has submitted newspaper clippings confirming the dispatch of its Postal Ballot Notice dated October 1, 2026. The advertisements were published on October 8, 2026, in Business Standard (English) and Navshakti (Marathi) following its initial intimation on October 7, 2026. This is a purely procedural compliance update to inform shareholders of the voting process. No operational or financial metrics were disclosed in this filing.

• Published newspaper advertisement on October 8, 2026
• Notice pertains to the Postal Ballot Notice dated October 1, 2026
• Advertisements released in Business Standard (English) and Navshakti (Marathi)
• Follows initial intimation filed on October 7, 2026

HDFC Bank has issued a postal ballot notice seeking shareholder approval to appoint Mr. Anup Bagchi as Managing Director & Chief Executive Officer for a 3-year term from October 27, 2026 to October 26, 2029. Mr. Bagchi was appointed as an Additional Director on October 2, 2026, following approval from the Reserve Bank of India (RBI). The proposed annual fixed pay including perquisites is Rs 8.97 crore (Rs 8,97,43,659). Remote e-voting for shareholders opens on October 8, 2026 and closes on November 6, 2026.

• Appointment of Mr. Anup Bagchi as MD & CEO for 3 years, effective October 27, 2026 to October 26, 2029
• Total proposed fixed pay (including perquisites) stands at Rs 8,97,43,659 annually, with basic salary of Rs 3,31,86,378
• E-voting period commences on October 8, 2026 at 10:00 AM IST and ends on November 6, 2026 at 5:00 PM IST
• Cut-off date for eligibility to vote electronically was October 2, 2026

HDFC Bank has received Reserve Bank of India (RBI) approval to appoint Mr. Anup Bagchi as Managing Director & CEO for a 3-year term effective October 27, 2026. He will succeed Mr. Sashidhar Jagdishan, whose tenure concludes at the close of business on October 26, 2026. In the interim, Mr. Bagchi is appointed as an Additional Director effective October 2, 2026, subject to shareholder approval. Mr. Bagchi previously served as Executive Director at ICICI Bank and currently heads ICICI Prudential Life Insurance.

• RBI approved appointment of Mr. Anup Bagchi as MD & CEO for 3 years effective October 27, 2026
• Current MD & CEO Mr. Sashidhar Jagdishan completes tenure on October 26, 2026
• Appointed as Additional Director with effect from October 2, 2026, subject to shareholder approval
• Mr. Bagchi previously led ICICI Prudential Life Insurance, overseeing APE growth to Rs 10,407 crore in FY2025

HDFC Bank announced that Mr. Sudhir Kumar Jha, Group Head - Legal & Group General Counsel, superannuated from the bank effective September 30, 2026, ending a 22-year association with the HDFC Group. Mr. Jigar Shah, who was previously appointed General Counsel – Designate on June 29, 2026, officially assumes the role of General Counsel from October 1, 2026. This leadership transition represents a planned succession within the bank's Senior Management Personnel. With the transition already planned and communicated in advance, operational disruption is expected to be minimal.

• Sudhir Kumar Jha superannuated effective close of business hours on September 30, 2026
• Jha completed 22 years of association with the HDFC Group and ceases to be a Senior Management Personnel
• Jigar Shah assumes the position of General Counsel effective October 1, 2026
• Succession was previously intimated to exchanges on June 29, 2026

HDFC Bank announced the conclusion of Mr. Rakesh Kumar Rajput's 3-year tenure as Chief Compliance Officer (CCO) on September 30, 2026. The Board has approved the appointment of Mr. V. N. Srivatsan as the new CCO for a 3-year term, with an expected joining date of January 4, 2027. In the interim, Mr. Venkateswaran L will hold charge of the CCO function. Mr. Srivatsan brings approximately 34 years of total professional experience, including roughly 25 years in the BFSI sector, joining from ICICI Bank.

• Mr. Rakesh Kumar Rajput completed his 3-year term as CCO effective September 30, 2026
• Mr. V. N. Srivatsan appointed as CCO for a 3-year tenure, proposed to join on January 4, 2027
• Mr. Venkateswaran L appointed interim CCO during the transition until January 4, 2027
• Incoming CCO brings ~34 years of experience, including ~25 years in BFSI and ~10 years in compliance/inspections

HDFC Bank Limited has allotted 25,21,106 equity shares of Re. 1/- each to employees following the exercise of stock options and RSUs under its Employees Stock Options Schemes. Consequently, the bank's paid-up share capital increases from 15,41,41,79,062 equity shares to 15,41,67,00,168 equity shares. The equity dilution resulting from this allotment is marginal at approximately 0.016% of the pre-allotment share base.

• Allotted 25,21,106 equity shares of face value Re. 1/- each pursuant to ESOP/RSU exercise
• Pre-allotment share capital stood at 15,41,41,79,062 equity shares of Re. 1/- each
• Post-allotment share capital increased to 15,41,67,00,168 equity shares of Re. 1/- each

HDFC Bank disclosed that Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned an ESG rating of 77.78 to the Bank, which was reported to stock exchanges on September 11, 2026. The Bank clarified that it did not engage Niche for this rating or report, noting it was prepared independently based on publicly available domain data. The filing is a procedural compliance update pursuant to Regulation 30 of SEBI Listing Regulations. It has no direct operational or financial impact on the Bank's TTM revenue of ₹4,54,591 crore or balance sheet.

• Niche Ninety Nine Capability and Certifications assigned an ESG rating of 77.78 to HDFC Bank
• Intimation sent pursuant to Regulation 30 read with Para A(3) of Part A of Schedule III of SEBI Listing Regulations
• Rating agency intimated stock exchanges on September 11, 2026
• Bank clarified it has not engaged Niche and the assessment was conducted independently using public domain data

HDFC Bank has announced its participation in an upcoming institutional investor conference pursuant to Regulation 30 of SEBI LODR Regulations. The bank will attend the JP Morgan Emerging and Frontier Markets Opportunities Conference on September 17, 2026. The meeting will be an in-person, group format held in London, UK. This is a routine investor interaction schedule with no financial or operational disclosures made in the filing.

• Meeting date scheduled for September 17, 2026
• Event: JP Morgan Emerging and Frontier Markets Opportunities Conference
• Meeting format: Group meeting, conducted in-person in London, UK
• Filing submitted under Regulation 30 of SEBI LODR Regulations

HDFC Bank's Governance, Nomination and Remuneration Committee approved the grant of 5.89 crore stock options and 1.67 crore Restricted Stock Units (RSUs) on September 6, 2026. The stock options were granted under ESOS Plan H-2024 at an exercise price of Rs. 712.10 per share with a 4-year phased vesting schedule. RSUs were granted at a nominal price of Re. 1.00 per unit under the 2022 Master Scheme with vesting tenures ranging between 1 to 4 years. The total potential dilution represents approximately 7.57 crore shares over multiple years.

• Granted 5,86,95,020 stock options under ESOS 063 and 2,90,430 options under ESOS 064 at Rs. 712.10 each
• Granted 1,53,73,400 RSUs under RSU 018 and 65,287 RSUs under RSU 019 at Re. 1.00 each
• Granted 12,80,130 RSUs under RSU 020 with 3-stage vesting (30%, 30%, 40%) at Re. 1.00 each
• Vesting across major option tranches spans 4 years (15%, 20%, 25%, 40%) with an exercise window of up to 4 years post-vesting

HDFC Bank has elected to exercise its call option to fully redeem ₹739 crore of Additional Tier 1 (AT-1) Notes issued in overseas markets. These Rupee-denominated bonds were originally issued on September 30, 2021, and will be redeemed on their first call date of September 30, 2026. The redemption will occur at 100% of the principal value alongside accrued and unpaid interest. Given the bank's net worth of ₹5,58,355 crore, this ₹739 crore redemption represents a minor capital management action (~0.13% of net worth).

• Full redemption of ₹7,39,00,00,000 (₹739 crore) Additional Tier 1 (AT-1) Notes
• Redemption scheduled on the first call date: September 30, 2026
• Bonds were originally issued overseas on September 30, 2021 (ISIN: XS2392409681)
• Redemption price set at 100% of outstanding principal plus accrued interest

HDFC Bank informed exchanges that SES ESG Research Private Limited assigned an ESG rating of 74.4 to the bank on August 30, 2026. The bank noted that it was formally intimated about this rating on August 31, 2026. HDFC Bank clarified that it did not engage the agency, and the rating was prepared independently using public domain data.

• SES ESG Research Private Limited assigned an ESG rating of 74.4 to the bank
• Rating was assigned on August 30, 2026, and intimated to HDFC Bank on August 31, 2026
• Bank clarified it did not solicit or engage SES ESG Research for this assessment
• Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations

HDFC Bank has allotted 30,58,164 equity shares of face value Re. 1 each to employees upon the exercise of options/RSUs under its Employees Stock Options Schemes. Following this allotment, the bank's paid-up share capital increased from 15,41,11,20,898 shares to 15,41,41,79,062 shares. The equity dilution from this exercise is negligible at approximately 0.02% of the share base.

• Allotted 30,58,164 equity shares pursuant to exercise of ESOP/RSUs
• Pre-allotment paid-up share capital stood at 15,41,11,20,898 equity shares of Re. 1 each
• Post-allotment paid-up share capital increases to 15,41,41,79,062 equity shares of Re. 1 each