The Board of Housing Development Finance Corporation Limited recommended a final dividend of INR 16.50 per equity share of face value of INR 2.0 each for the financial year 2018. The total dividend for the year (including the interim dividend of INR 3.50 per equity share) is INR 20.0 per equity share as against INR 18.0 per equity share for the previous year. The dividend if approved will be dispatched or remitted commencing from the day after upcoming Annual General Meeting.

The board on the recommendation of the nomination and remuneration committee of directors, approved the appointment of Mr. Upendra Kumar Sinha and MR. Jalaj Ashwin Dani as Independent director (additional director) in the board of director of the corporation for a period of five years effective April 30, 2018, subject to the approval of the members at the coming AGM. The Board of Directors of the corporation also reported that Mr. D. M. Sukthankar Non-Executive Director and Mr. D. N. Ghosh Independent Director resigned from the Board with effect from the conclusion of the aforesaid Board meeting April 30, 2018.