HDFC Bank informs about disclosure

Date: 29-03-2022

HDFC Bank has informed that the Board of Directors (the Board), at their meeting held on March 28, 2022, accorded approval for: Adoption of Employee Stock Incentive Plan 2022 of the Bank (the Stock Incentive Plan 2022), which is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A maximum of 10,00,00,000 (Ten Crores) Restricted Stock Units (RSUs) may be offered under the Stock Incentive Plan 2022, which shall entitle the RSU holder 1 (one) fully paid-up equity share of face value of ?1 (Rupee One) each against each RSU exercised, subject to approval of the Shareholders of the Bank. The disclosure pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure-I; Seeking approval of the Shareholders of the Bank on the adoption of the Stock Incentive Plan 2022, through Postal Ballot by means of electronic voting (remote e-voting) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities & Exchange Board of India.

The above information is a part of company’s filings submitted to BSE.

HDFC Bank Ltd.

HDFC Bank informs about disclosure