Summary of the 26th Annual General Meeting of HDFC Asset Management Company Limited:

Date and Format: • Held on June 25, 2025, at 3:00 PM IST through Video Conferencing/Other Audio Visual Means

Key Details: • Chaired by Mr. Deepak Parekh, Chairman of the Board • All directors were present at the AGM • Meeting conducted in accordance with MCA and SEBI circulars

Resolutions Passed: • All four resolutions received requisite majority approval:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2025
• Declaration of dividend of ₹90 per equity share for FY ended March 31, 2025
• Re-appointment of Mr. Deepak S. Parekh as Non-Executive Non-Independent Director and Chairman
• Appointment of Secretarial Auditors

Voting Details: • 1,838 members cast votes through remote e-voting • 14 members cast votes during the AGM through electronic voting • Mr. Surjan Singh Rauthan of S.S. Rauthan & Associates served as Scrutinizer • Voting results:

• Resolution 1 (Ordinary): 99.9997% votes in favor
• Resolution 2 (Ordinary): 99.9997% votes in favor
• Resolution 3 (Special): 98.5950% votes in favor
• Resolution 4 (Ordinary): 99.6432% votes in favor

Other Information: • Shareholders had the opportunity to address questions to the management • Meeting concluded at 5:16 PM after the 30-minute e-voting window • The proceedings, voting results, and Scrutinizer's Report were made available on the company's website

I'll create a concise summary of this corporate announcement from HDFC Asset Management Company Limited.

Key Insights from HDFC Asset Management Company Limited Corporate Announcement

General Information:

• Date: June 3, 2025
• Document: Business Responsibility and Sustainability Report (BRSR) for financial year 2024-25
• Submitted in compliance with Regulation 34(2)(f) of SEBI Listing Regulations
• Company: HDFC Asset Management Company Limited (HDFC AMC)
• CIN: L65991MH1999PLC123027

Company Overview:

• Market presence: 13.2% market share of individual investor Monthly Average Assets Under Management (MAAUM) as of March 2025
• Customer base: 1.32 crore unique customers, servicing 2.33 crore live accounts
• Geographic reach: 280 offices across India, 1 representative office in Dubai
• Employee profile: 1,618 permanent employees (28% women)
• Revenue from operations: ₹3,498 crore
• Net worth: ₹8,134 crore

ESG Highlights and Initiatives:

• Environmental Performance:

• GHG emissions: 441 tCO₂e (Scope 1), 3,023 tCO₂e (Scope 2), 9,025 tCO₂e (Scope 3)
• E-waste: Over 1,100 kg of e-waste processed in environmentally friendly manner
• Battery waste: 4,700+ kg of battery waste recycled
• Digital transactions: 94% of transactions supported by integrated online platform
• Head office: LEED Gold certified

• Social Impact:

• CSR healthcare: Over 3,300 cancer patients provided financial aid for treatment
• Education: Over 7,600 children given access to quality education and daily nutritious meals
• Cancer support: Over 12,000 cancer patients and attendants availed daily transport service
• Training: Over 73,700 employee training hours logged in FY 2024-25
• Financial literacy: Conducted over 3,500 Investor Awareness Programs reaching more than 2.7 lakh participants
• Women's financial empowerment: "SIP Saheli" initiative educated over 5.1 lakh women on mutual fund investing

• Governance:

• Signatory to UN Principles for Responsible Investment and Climate Action 100+
• Adopted the CFA Institute Asset Manager Code
• ESG & CSR Committee of the Board provides oversight
• Certified for ISO 22301:2019 (Business Continuity Management System)
• Certified for ISO/IEC 27001:2022 (Information Security Management System)

Notable New Initiatives:

• NurtureNature Campaign 4.0: Lake restoration project linked to digitally registered SIPs
• HDFC MF Planet Aspirations: Financial education initiative for children reached 20,000+ students
• Lake clean-up drives across 7 cities, gathering more than 4,500 kg of waste
• 100 flats furnished for cancer patients undergoing treatment at TATA Memorial Hospital

Recognition:

• Great Place to Work® certification for the second consecutive year

The report has received reasonable assurance from SGS India Private Limited for its BRSR Core attributes.

Summary of Corporate Announcement:

• Entity Involved: HDFC Bank Limited (CIN: L65920MH1994PLC080618).
• Date of Announcement: April 3, 2025.
• Subject: Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
• Details of Shareholding:
  • HDFC Bank held 11,21,79,830 equity shares in HDFC Asset Management Company Limited (HDFC AMC) as of March 31, 2025.
  • Neither HDFC Bank nor any person acting in concert with the Bank has made any encumbrance (directly or indirectly) on these shares during the financial year ending March 31, 2025.
• Compliance: Declaration made in accordance with Regulations 31(4) and 31(5) of the SEBI Takeover Regulations.
• Request: The Bank requests this disclosure to be taken on record.
• Authorized Signatory: Ajay Agarwal, Company Secretary & Head – Group Oversight.
• Location: Mumbai.

This announcement confirms HDFC Bank's non-encumbrance of its substantial shareholding in HDFC AMC and ensures compliance with SEBI regulations.

Carefully read the corporate announcement and provide a concise, bullet-pointed summary that includes all key facts and figures.

Summary of Corporate Announcement by HDFC Asset Management Company Limited (HDFC AMC) on April 17, 2025:

Board Meeting Outcomes:

1. Financial Results Approval:

   • The Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025.
   • Total standalone income for FY 2025: ₹4,058.26 crore (up from ₹3,162.43 crore in FY 2024).
   • Standalone profit after tax (PAT) for FY 2025: ₹2,461.05 crore (up from ₹1,945.88 crore in FY 2024).
   • Consolidated PAT for FY 2025: ₹2,460.19 crore (up from ₹1,942.69 crore in FY 2024).
   • Earnings per share (EPS) for FY 2025 (standalone): ₹115.20 (basic), ₹114.79 (diluted).
   • Auditors B S R & Co. LLP issued an unmodified opinion on the financial statements.

2. Dividend Recommendation:

   • Final dividend of ₹90 per equity share of face value ₹5, subject to shareholder approval at the AGM.
   • Interim dividend of ₹70 per share for FY 2024 was already paid earlier.

3. ESOP & PSU Scheme – 2025:

   • Adoption of the new "Employees Stock Options and Performance-linked Stock Units Scheme – 2025" (ESOP & PSU Scheme), subject to shareholder and regulatory approvals.
   • Total shares covered under the scheme: 25,00,000 equity shares (face value ₹5 each).
   • Vesting pattern:
     • Options: 10%-20%-30%-40% over four years.
     • PSUs: 30% in the third year, 70% in the fourth year.
   • Managing Director, Whole-Time Directors, and Department Heads are ineligible for PSUs under the scheme.

4. Cancellation of ESOS 2020:

   • The Board approved the cancellation of 8,73,719 unissued options under the "Employees Stock Option Scheme – 2020" (ESOS 2020).
   • The earlier scheme remains operational for previously granted options.

Key Financial Metrics (Standalone):

• Revenue from Operations (FY 2025): ₹3,498.03 crore (up from ₹2,584.37 crore in FY 2024).
• Total Expenses (FY 2025): ₹771.82 crore (up from ₹684.24 crore in FY 2024).
• Profit Before Tax (FY 2025): ₹3,286.44 crore (up from ₹2,478.19 crore in FY 2024).
• Net Worth (as of March 31, 2025): ₹8,134.14 crore (up from ₹7,079.07 crore in FY 2024).

Key Financial Metrics (Consolidated):

• Revenue from Operations (FY 2025): ₹3,498.44 crore.
• Total Comprehensive Income (FY 2025): ₹2,458.18 crore (up from ₹1,940.82 crore in FY 2024).

Cash Flow Highlights (Standalone):

• Net Cash from Operating Activities (FY 2025): ₹2,076.70 crore.
• Net Cash Used in Investing Activities (FY 2025): ₹(600.26) crore.
• Net Cash Used in Financing Activities (FY 2025): ₹(1,475.07) crore.

Other Notable Updates:

• Taxation Changes Impact: As per Finance (No. 2) Act 2024, changes in capital gains taxation and withdrawal of indexation benefits increased deferred tax liability by ₹69.75 crore, impacting Q2 FY 2025 results.
• Shares Allotted: 36,339 equity shares allotted during Q4 FY 2025 under the ESOS.

Key Dates:

• Trading window for designated persons remains closed until April 19, 2025.
• Board Meeting Duration: 12:30 PM to 3:00 PM.

This announcement highlights HDFC AMC's robust financial performance, shareholder returns through dividends, and its focus on employee retention via stock-based incentives.

Summary of HDFC Asset Management Company Limited's Corporate Announcement (April 17, 2025):

Key Financial Results:

• Standalone Financials (FY 2024-25):

  • Total Income: ₹4,058.26 crore (up from ₹3,162.43 crore in FY 2023-24).
  • Profit After Tax (PAT): ₹2,461.05 crore (up from ₹1,945.88 crore in FY 2023-24).
  • Earnings Per Share (EPS): ₹115.20 (Basic) and ₹114.79 (Diluted).
  • Total Assets: ₹8,753.63 crore (up from ₹7,557.55 crore as of March 31, 2024).

• Consolidated Financials (FY 2024-25):

  • Total Income: ₹4,060.10 crore (up from ₹3,163.39 crore in FY 2023-24).
  • PAT: ₹2,460.19 crore (up from ₹1,942.69 crore in FY 2023-24).
  • EPS: ₹115.16 (Basic) and ₹114.75 (Diluted).
  • Total Assets: ₹8,750.66 crore (up from ₹7,553.85 crore as of March 31, 2024).

Dividend Announcement:

• Final Dividend Proposed: ₹90 per equity share of ₹5 face value, subject to shareholder approval in the upcoming AGM.
• Interim Dividend Paid (FY 2024-25): ₹70 per equity share.

ESOP & PSU Scheme – 2025:

• Approval: Adoption of the Employees Stock Options and Performance-linked Stock Units Scheme – 2025 (subject to shareholder and regulatory approvals).
• Total Shares Allocated: 25,00,000 equity shares of ₹5 face value.
• Vesting Terms:
  • Options: Progressive vesting of 10%-20%-30%-40% over four years.
  • PSUs: 30% vesting in the third year and 70% in the fourth year.
  • Vesting is linked to company financial performance and individual employee performance.
• Exclusions: Managing Director, Whole Time Directors, and Departmental Heads are ineligible for PSUs.

Cancellation of Earlier ESOS 2020:

• 8,73,719 options under the ESOS 2020 scheme have been canceled with no further grants under this scheme.

Tax Impact:

• Deferred Tax Liability increased by ₹69.75 crore in Q2 FY 2024-25 due to changes in capital gains taxation under the Finance Act (No. 2) 2024.

Operational Updates:

• 36,339 equity shares of ₹5 each were allotted during Q4 FY 2024-25 under stock options.
• The company continues to focus on asset management services for HDFC Mutual Fund, alternative investment funds, and portfolio advisory services.

Audit Reports:

• The statutory auditors, B S R & Co. LLP, issued unmodified opinions on both standalone and consolidated financial statements.

Other Highlights:

• Board Meeting Timings: April 17, 2025, from 12:30 PM to 3:00 PM.
• Trading Window Closure: Up to April 19, 2025, for designated persons and immediate relatives.

This announcement reflects strong financial performance, shareholder rewards through dividends, and long-term employee retention initiatives via ESOP & PSU schemes.

Summary of HDFC Asset Management Company Limited's Corporate Announcement (April 17, 2025):

Key Decisions and Approvals:

• Audited Financial Results:

  • The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025.
  • Statutory auditors, B S R & Co. LLP, provided an unmodified opinion on the financial statements.

• Dividend Declaration:

  • A final dividend of Rs. 90 per equity share (face value Rs. 5) was recommended for FY 2024-25, subject to shareholder approval.
  • If approved, the dividend will be dispatched within regulatory timelines post the Annual General Meeting.

• Employee Stock Options and Performance-linked Stock Units Scheme (ESOP & PSU Scheme – 2025):

  • Approved the adoption of the ESOP & PSU Scheme – 2025, subject to shareholder and regulatory approvals.
  • Details:
    • Total shares covered: 25,00,000 equity shares (maximum 50% allocated to PSUs).
    • Pricing Formula:
      • For Options: Latest closing price on the stock exchange with the highest trading volume before the grant date.
      • For PSUs: Face value of the equity shares.
    • Vesting Pattern:
      • Options: Progressive vesting (10%-20%-30%-40%) over four years.
      • PSUs: 30% vest in the third year and 70% in the fourth year, subject to performance criteria.
      • Managing Director, Whole-Time Directors, and Department Heads are excluded from PSU grants.

• Cancellation of Previous ESOS 2020 Scheme:

  • Cancelled 8,73,719 unissued options under the ESOS 2020 scheme, effective April 17, 2025.
  • The earlier scheme remains operational only for previously granted options until exercised, lapsed, or forfeited.

Financial Highlights (Standalone):

• Income:
  • Total income for FY25: Rs. 4,058.26 crore (up from Rs. 3,162.43 crore in FY24).
  • Profit After Tax (PAT) for FY25: Rs. 2,461.05 crore (up from Rs. 1,945.88 crore in FY24).
• Earnings Per Share (EPS):
  • Basic EPS for FY25: Rs. 115.20 (up from Rs. 91.15 in FY24).
• Assets and Equity:
  • Total assets as of March 31, 2025: Rs. 8,753.63 crore.
  • Other equity: Rs. 8,027.24 crore.

Financial Highlights (Consolidated):

• Income:
  • Total income for FY25: Rs. 4,060.10 crore (up from Rs. 3,163.39 crore in FY24).
  • Consolidated PAT for FY25: Rs. 2,460.19 crore (up from Rs. 1,942.69 crore in FY24).
• Earnings Per Share (EPS):
  • Basic EPS for FY25: Rs. 115.16 (up from Rs. 91.00 in FY24).
• Assets and Equity:
  • Total assets as of March 31, 2025: Rs. 8,750.66 crore.
  • Other equity: Rs. 8,023.09 crore.

Taxation Impact:

• Deferred Tax Liability increased by Rs. 69.75 crore in Q2 FY25 due to changes in capital gains taxation under the Finance (No.2) Act, 2024. This affected the profit after tax.

Other Key Updates:

• Shares Allotted:
  • During Q4 FY25, 36,339 equity shares were allotted under employee stock options.
• Trading Window Closure:
  • Trading window for designated persons and their relatives remains closed until April 19, 2025.
• Board Meeting Timings:
  • The meeting commenced at 12:30 PM and concluded at 3:00 PM.

Auditor's Report:

• Both standalone and consolidated financial statements received an unmodified opinion from the statutory auditors.

This announcement reflects strong financial performance, shareholder rewards through dividends, and a focus on employee retention via stock-based incentives.