Company Announcements

Ref. No.: SE/2021-22/195

October 1, 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following:

1.   Loans assigned:

·    During the quarter ended September 30, 2021, the Corporation assigned loans amounting to ₹ 7,132 crore compared to ₹ 3,026 crore in the corresponding quarter of the previous year. All the loans assigned during the quarter ended September 30, 2021 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.

·    Loans sold in the preceding 12 months amounted to ₹ 27,199 crore (Previous Year - ₹ 14,138 crore).

2.   Gross income from dividend for the quarter ended September 30, 2021 was ₹ 1,171 crore (Previous Year - ₹ 323 crore).

3.   During the quarter ended September 30, 2021, the profit on sale of investments was nil.

4.   Reference is drawn to the notices to the stock exchanges by the Corporation dated September 4, 2020 and February 2, 2021 regarding 'Grant of Stock Options under Employees Stock Option Scheme 2020' (ESOS-2020).  Under IndAS, the employee stock options are required to be fair valued and charged to the Statement of Profit and Loss as a part of employee benefit expenses primarily over the two year vesting period. This would result in a charge to the Statement of Profit and Loss of approximately ₹ 122 crore during the quarter ended September 30, 2021 (PY: ₹ 46 crore).

Kindly note that all the figures are subject to limited review by the statutory auditors of the Corporation.

We request you to bring the above 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