Event Overview

The 27th Annual General Meeting (AGM) of HDFC Asset Management Company Limited was held on Wednesday, June 24, 2026 at 11:00 am IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in accordance with circulars from the Ministry of Corporate Affairs and Securities and Exchange Board of India, provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Proceedings

Mr. Deepak S. Parekh, Chairman of the Board, chaired the meeting. All Directors were present, along with the Chairman of Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship and Unit Holder Protection Committee. Representatives of Statutory Auditors, Secretarial Auditors, and Scrutinizer were also present.

The Chairman informed members that Statutory Auditors and Secretarial Auditors had issued unqualified Audit Reports. He provided an update on the Indian economy, industry performance, and the Company's operational and financial performance for the financial year ended March 31, 2026.

Remote e-voting was provided to shareholders with voting rights as of the cut-off date of June 17, 2026. Rauthan & Associates, Company Secretaries LLP (Firm Unique Code L2023MH014100) was appointed as Scrutinizer for the e-voting process.

The meeting included a Q&A session where registered speaker shareholders sought clarifications on the Company's accounts and businesses, with responses provided by Mr. Parekh and Mr. Navneet Munot, Managing Director & CEO.

The meeting concluded at 12:49 pm after being open for 30 minutes for e-voting completion.

Resolutions Approved

All three ordinary business items from the Notice dated May 21, 2026 were approved with requisite majority:

Item 1: Adoption of Financial Statements

  • (a) Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • (b) Audited Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Auditors

Voting Results:

  • Total shares held: 428,653,254
  • Valid votes cast: 362,106,694 (84.4754% of outstanding shares)
  • Votes in favor: 362,106,268 (99.9999% of votes cast)
  • Votes against: 426 (0.0001% of votes cast)
  • Members voted in favor: 1,821
  • Members voted against: 9

Item 2: Dividend Declaration

  • Dividend of ₹54 per equity share (face value ₹5 each) for financial year ended March 31, 2026

Voting Results:

  • Total shares held: 428,653,254
  • Valid votes cast: 362,389,804 (84.5415% of outstanding shares)
  • Votes in favor: 362,389,453 (99.9999% of votes cast)
  • Votes against: 351 (0.0001% of votes cast)
  • Members voted in favor: 1,823
  • Members voted against: 9

Item 3: Director Reappointment

  • Reappointment of Mr. V. Srinivasa Rangan (DIN: 00030248) as Non-Executive Non-Independent Director

Voting Results:

  • Total shares held: 428,653,254
  • Valid votes cast: 362,389,818 (84.5415% of outstanding shares)
  • Votes in favor: 342,349,360 (94.4699% of votes cast)
  • Votes against: 20,040,458 (5.5301% of votes cast)
  • Members voted in favor: 1,632
  • Members voted against: 218

Voting Methodology

Remote e-voting commenced on Saturday, June 20, 2026 (09:00 am IST) and concluded on Tuesday, June 23, 2026 (5:00 pm IST) through NSDL's platform (www.evoting.nsdl.com). Electronic voting was also available during the AGM for shareholders who hadn't voted remotely.

Total of 1,842 members voted through remote e-voting and 8 members voted during the AGM through electronic voting system.