Intimation to Stock Exchanges - NHB Penalty
Source: RNS
Ref. No.: SE/2021-22/113
July 6, 2021
BSE Limited National Stock Exchange of India Limited
P. J. Towers Exchange Plaza, Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Kind Attn: Sr. General Manager Kind Attn: Head - Listing
DCS - Listing Department
Dear Sirs,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In accordance with the captioned regulations and the letter issued by National Housing Bank (NHB) bearing reference number NHB(ND)/HFC/DoS/03351/2021 dated July 5, 2021, this is to inform you that NHB has on July 5, 2021 imposed a monetary penalty of Rs. 4,75,000 plus GST on the Corporation for technical non-compliance with NHB circular NHB(ND)/DRS/Pol-No.58/2013-14 dated November 18, 2013 and NHB(ND)/DRS/Policy Circular No.75/2016-17 dated July 1, 2016.
The Corporation will be taking necessary steps to comply with the said letter.
You are requested 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 Ltd.
Ajay Agarwal
Company Secretary
CC: London Stock Exchange
10, Paternoster Square, London, EC4M 7LS
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