Price : [HDFC - BSE:Rs. 2804.80 NSE:Rs. 2800.00 when posted]
Housing Development Finance Corporation Ltd. has informed the Exchange that the Board of Directors at its Meeting held on April 30, 2008 consider the following: 1) Appointment of Dr. Bimal Jalan as Additional Director:- The Board appointed Dr. Bimal Jalan as an additional director of the Corporation with effect from April 30, 2008. As per the provisions of Section 260 of the Companies Act, 1956, Dr. Jalan holds office up to the date of the ensuing Annual General Meeting (AGM). The Board has recommended the appointment of Dr. Jalan as a director of the Corporation for the approval of the members at the ensuing AGM. 2) Re-appointment of Ms. Renu Sud Karnad as Whole-time Director:- Subject to the approval of the Members at the ensuing AGM, the Board approved the re-appointment of Ms. Renu Sud Karnad as the Whole time Director of the Corporation (designated as Joint Managing Director), for a further period 5 years with effect from May 03, 2008.