Natarajan Srinivasan Appointed Non-Executive Chairman and Additional Independent Director at HDB Financial Services
HDB Financial Services Limited announced key corporate developments following a meeting of its Board of Directors on May 14, 2026. The Board approved the appointment of Mr. Natarajan Srinivasan as a Non-Executive Chairman and an Additional Independent Director.Mr. Srinivasan's appointment is effective from May 14, 2026, and will be for a period of three years, concluding on May 13, 2029.
In other board matters, the Board also considered the re-appointment of Mr. Jimmy Tata, who retires by rotation. Mr. Tata offered himself for re-appointment as a Non-Executive Non-Independent Director, subject to shareholder approval at the ensuing Annual General Meeting (AGM).
Dividend Recommendation and AGM Details
Regarding shareholder affairs, the Board of Directors had earlier, at its meeting on April 15, 2026, recommended a final dividend of Rs. 2/- (Rupees Two Only) per equity share. This dividend pertains to the financial year ended March 31, 2026, and is based on the face value of Rs. 10/each. The dividend is subject to the approval of the company’s shareholders at the upcoming AGM.The record date for determining the eligibility of members entitled to receive this dividend has been set as Thursday, June 18, 2026.
The 19th Annual General Meeting of HDB Financial Services Limited is scheduled to take place on Thursday, June 25, 2026, and will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Profile of New Director
Mr. Natarajan Srinivasan was profiled as a seasoned corporate leader with over four decades of experience across finance, strategy, and business transformation. He is a qualified Chartered Accountant and Company Secretary. His distinguished career includes holding several senior leadership positions within the Murugappa Group. Previously, he served as the Executive Vice Chairman and Managing Director of Cholamandalam Investment and Finance Company Limited, where he was instrumental in scaling and strengthening the company's financial services operations. He also directed the turnaround and strategic repositioning of CG Power and Industrial Solutions Limited during his tenure as Managing Director and CEO.The Board confirmed that Mr. Srinivasan is not related to any other Directors or Key Managerial Personnel of the Company, nor is he debarred from holding the office of Director by any regulatory authority.
For a detailed overview of the key board appointments and financial actions, the following table summarizes the material corporate updates:
| Action | Individual / Item | Role | Period / Details | Financial Figure |
|---|---|---|---|---|
| Appointment | Mr. Natarajan Srinivasan | Non-Executive Chairman and Additional Independent Director | May 14, 2026, to May 13, 2029 (3 years) | N/A |
| Re-appointment | Mr. Jimmy Tata | Non-Executive Non-Independent Director | Subject to shareholder approval at AGM | N/A |
| Dividend Recommendation | N/A | Final Dividend for FY ended March 31, 2026 | Subject to shareholder approval | Rs. 2/- per equity share |
| Dividend Eligibility Date | N/A | Record Date for Dividend | June 18, 2026 | N/A |
| AGM Date | N/A | 19th Annual General Meeting | June 25, 2026 (VC/OAVM) | N/A |
HDBFS Stock Price Movement
Today, HDB Financial Services Limited shares edged higher, settling at ₹676.6, following a commendable 0.26% gain. The stock traded on a volume of 317,879 shares, finishing its session within a range established between ₹670.5 and ₹682.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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