Ref. No. SE/2020-21/111

July 30, 2020

BSE Limited                                                               National Stock Exchange of India Limited

P. J. Towers,                                                                Exchange Plaza, Plot No. C/1,

Dalal Street,                                                                Bandra-Kurla Complex, Bandra (East),

Mumbai 400 001.                                                       Mumbai 400 051.

Kind Attn: - Sr. General Manager                         Kind Attn: Head - Listing

                      DCS - Listing Department

Dear Sirs,

Sub:    Outcome of Board Meeting

We wish to inform you that at the meeting of the Board of Directors held today i.e., July 30, 2020, the Board has approved the unaudited financial results [standalone] of the Corporation and the un-audited consolidated financial results for the quarter ended June 30, 2020, which have been subjected to limited review by the Statutory Auditors of the Corporation, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

A copy of the said results along with the limited review reports issued by the Statutory Auditors of the Corporation is enclosed herewith and the same is also being uploaded on the website of the Corporation i.e. www.hdfc.com. The quarterly results are also being published in the electronic version of newspapers, in the format prescribed under Regulation 47 of the Listing Regulations. Two press releases being issued by the Corporation, on the said results and on impact of COVID-19 on the operations of the Corporation are also enclosed.

We also wish to inform you that further to the approval granted by the shareholders of the Corporation on July 21, 2020 through postal ballot, the Board of Directors at the said meeting approved raising of the funds by way of issuance of equity shares and/or secured redeemable non-convertible debentures simultaneously with Warrants aggregating up to a cumulative amount of ` 14,000 crore on a Qualified Institutions Placement (QIP) basis in accordance with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 and Housing Finance Companies Issuance of Non-Convertible Debentures of Private Placement Basis (NHB) Directions, 2014, each as amended.

We also wish to inform you that the Board of Directors at the said meeting also approved the issuance of secured redeemable non-convertible debentures, in the ordinary course of business of the Corporation, under a Shelf Disclosure Document (Series - Y), aggregating ` 45,000 crore, in one or more tranches, on a private placement basis.

Please also find enclosed a 'Nil' statement of deviation or variation in the prescribed format as required under Regulation 32 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.

Please note that in terms of the HDFC Share Dealing Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in Securities of the Corporation will open on Monday, August 3, 2020.

Please note that the said Board meeting commenced at 11.30 a.m. and concluded at 1.15 p.m.

We request you to take note of the above and arrange to bring this to the notice of all concerned.

Thank you,

Yours faithfully,

For Housing Development Finance Corporation Limited

Ajay Agarwal

Company Secretary

Encl: a.a.

cc:        London Stock Exchange

            10, Paternoster Square

London EC4M 7LS

http://www.rns-pdf.londonstockexchange.com/rns/6047U_1-2020-7-30.pdf