HDB

HDFC Bank Limited - Form 6-K Summary

Business Context and Reporting Period

This Form 6-K, dated March 28, 2008, reports the outcome of an Extra-Ordinary General Meeting (EGM) of HDFC Bank Limited shareholders held on March 27, 2008, in Mumbai, India. The filing serves to inform the New York Stock Exchange and the SEC of corporate actions approved by shareholders.

Key Financial Metrics

The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on corporate governance and shareholder voting results.

Material Changes and Corporate Actions

Shareholders approved three key resolutions at the EGM:

• Resolution No. 1: Amalgamation of Centurion Bank of Punjab Limited (CBoP) with HDFC Bank pursuant to Section 44A of the Banking Regulation Act, 1949, including the consequent issue of equity shares to CBoP shareholders.
• Resolution No. 2: Increase in the authorized share capital of the Bank.
• Resolution No. 3: Preferential issue of equity shares and/or warrants to the Promoters of the Bank.

Resolutions 2 and 3 were passed by show of hands. Resolution 1 was put to a poll to ascertain the requisite majority under the Banking Regulation Act. The poll results were unanimous among valid ballots:

Outlook, Risks, and Contingencies

The amalgamation of Centurion Bank of Punjab Limited is subject to the approval of the Reserve Bank of India (RBI). No other risks, contingencies, or management commentary regarding future financial performance were included in this specific filing.

Investor Verification Checklist

• Verify the status of the Reserve Bank of India's approval for the Centurion Bank of Punjab amalgamation.
• Confirm the final terms of the equity share exchange ratio for Centurion Bank shareholders.
• Review subsequent filings for details on the increase in authorized share capital and the preferential issue to promoters.
• Check for any regulatory conditions attached to the merger approval.