HDFC Bank issues postal ballot notice seeking shareholder approval to extend Employee Stock Incentive Plan 2022 validity by 5 years until May 13, 2031.
Proposes amendments including increasing individual annual RSU grant limit from 30,000 to 50,000 and clarifying treatment during disciplinary proceedings.
Remote e-voting period runs from April 21 to May 20, 2026 for eligible shareholders as of April 17, 2026 cut-off date.
Plan has 15.09 crore RSUs available for grant with no increase in total approved pool of 10 crore RSUs (pre-bonus).