PNB Housing Finance Limited disclosed the outcomes of its 38th Annual General Meeting held on August 17, 2026, through Video Conferencing. The company received and submitted the Scrutinizer's Report regarding the e-voting process to the stock exchanges.
Key AGM Outcomes:
1. Dividend Declaration
- Approved declaration of dividend of ₹8 per equity share of face value ₹10 each for financial year ended March 31, 2026
- Dividend payment date: August 26, 2026 (Wednesday)
2. Director Reappointment
- Mr. D. Surendran (DIN: 10174317) reappointed as non-executive nominee director, liable to retire by rotation
- Effective date: August 17, 2026
- Profile: Bachelor's degree in Agriculture, Master's in Science, Postgraduate Diploma in Software Engineering, Certified Associate of Indian Institute of Bankers. 35 years of banking experience with Canara Bank and Punjab National Bank. Currently Executive Director of Punjab National Bank since March 2025. Not related to any other directors except Mr. Dipankar Mahapatra who is also a Nominee Director of PNB. Not debarred from holding director office by SEBI or any other authority.
3. NCD Authorization
- Board authorized to offer/invite subscription of Non-Convertible Debentures (NCDs) or bonds, secured or unsecured, up to ₹10,000 crore
- Mode: Private placement basis
- Validity: From date of AGM until conclusion of next AGM
4. Borrowing Limits Increase
- Approved increase in borrowing limits from ₹1,05,000 crore to ₹1,50,000 crore
- Under Section 180(1)(c) of Companies Act, 2013
5. Charge/Mortgage Creation
- Approved creation of charge/mortgage over movable and immovable properties of the company
- For borrowing purposes under Section 180(1)(a) of Companies Act, 2013
6. New Independent Director Appointment - Mr. Shreekant
- Mr. Shreekant (DIN: 11808336) appointed as Independent Director
- Appointment date: July 10, 2026
- Profile: Bachelor's degree in Science (Hons.), M.A. in Political Science, CAIIB, Advanced Leadership Program from ISB Hyderabad, Global Advanced Management Program from UC Berkeley, Organizational Changes from Wharton School. 34 years of banking experience, former Chief General Manager at SBI, headed Real estate & Housing vertical and Thiruvananthapuram Circle. Not related to any other directors. Not debarred from holding director office.
7. New Independent Director Appointment - Mr. Rajiv Kumar Singh
- Mr. Rajiv Kumar Singh (DIN: 03060652) appointed as Independent Director
- Appointment date: July 10, 2026
- Profile: Fellow Chartered Accountant, Certified Information Systems Auditor (CISA, USA), IBBI-Registered Valuer in Securities/Financial Assets. Nearly three decades of experience in banking, financial services, audit, risk management, valuation, and corporate finance. Former Independent Director of Union Bank of India. Currently Director of R S Valuation Services Private Limited and Independent Director of Machino Plastics Limited and Lava International Limited. Not related to any other directors. Not debarred from holding director office.
The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation has been uploaded on the company website www.pnbhousing.com.