BSECompany Update6d ago · 4 Aug 2026, 07:34 pm

Changes in Senior Management Personnel

HDFC Asset Management Company Ltd · 541729

✦ AI SummaryMgmt Change

HDFC Asset Management Company Ltd announced changes in senior management personnel, with Mr. V. Suresh Babu resigning as Head - Operations and Senior Management Personnel, and his responsibilities being reallocated to Mr. Sameer Seksaria and Mr. Naozad Sirwalla.

Analysis Scores

Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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HDFC Asset Management Company Ltd - 541729 - Announcement under Regulation 30 (LODR)-Change in Management

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Ref/No/HDFCAMC/SE/2026-27/37 Date – August 04, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot C/1, Block G, Sir PJ Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 Kind Attn: Head – Listing Department Kind Attn: Sr. General Manager – DCS Listing Department Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Changes in Senior Management Personnel of the Company Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we hereby inform that Mr. V. Suresh Babu, Head – Operations and one of the Senior Management Personnel (‘SMP’) of the Company, who was otherwise due for superannuation in June 2027, has requested for early retirement from corporate career to pursue personal interests and has tendered his resignation on July 31, 2026. The same has been accepted by the Company. The Board, based on the recommendations of the Nomination and Remuneration Committee, has today i.e. August 04, 2026, noted the resignation and has approved reallocation of his role and responsibilities to Mr. Sameer Seksaria – Head – Client Services and Mr. Naozad Sirwalla, Chief Financial Officer, the existing SMPs of the Company, as detailed in Annexure A, in addition to their existing role and responsibilities. Mr. Suresh Babu has been associated with the Company for last 26 years since its inception stage. In addition to heading the Operations team, he also oversees the Information Technology and Administration functions of the Company and serves as the Non-Executive Director on the Board of the Company’s Wholly Owned Subsidiary in Gandhinagar, Gujarat, namely HDFC AMC International (IFSC) Limited. The Company places on record its sincere appreciation for the valuable contribution made by Mr. Suresh Babu during his long association with the Company and wish him well for future. HDFC Asset Management Company Limited CIN: L65991MH1999PLC123027 Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020 Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com The disclosure as required under Regulation 30 of Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure A and a copy of Mr. Suresh Babu’s resignation letter is enclosed herewith as Annexure B. This is for your information and records. Thanking you, Yours faithfully, For HDFC Asset Management Company Limited Sonali Chandak Company Secretary Encl.: a/a HDFC Asset Management Company Limited CIN: L65991MH1999PLC123027 Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020 Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com Annexure A Sr. Particulars Mr. V. Suresh Babu Mr. Sameer Seksaria Mr. Naozad Sirwalla No. Head – Operations Head – Client Services Chief Financial Officer and Senior and Senior and Senior Management Management Management Personnel Personnel Personnel a) Reason for Resignation Will be responsible for Will be responsible for change Operations and Administration function in Information Technology addition to his existing functions in addition to role and responsibilities his existing role and responsibilities and be re-designated as Head – Operations b) Date of Last working day with With effect from October With effect from October cessation / the Company shall be 01, 2026 01, 2026 date of September 30, 2026 appointment c) Brief profile Not Applicable Mr. Sameer Seksaria Mr. Naozad Sirwalla has (in case of has been associated been associated with the appointment) with the Company since Company since December 2021 as the December 2021 as the ‘Head - Corporate Client ‘Chief Financial Officer’. Services’. Prior to Prior to joining the joining the Company, Company, Mr. Sirwalla Mr. Seksaria was the was the Chief Financial ‘Director & Officer at Lupa Systems Head – India Operations Investment Advisors & Services’ at Franklin Private Limited. Templeton AMC. Mr. Sirwalla has over 30 Mr. Seksaria has over years of rich and diverse 28 years of rich and professional experience diverse professional spanning consulting, experience spanning banking, non-banking asset management, financial companies insurance, and (NBFCs), and investment engineering sectors and advisory and has held has held leadership senior leadership roles in operations, positions, including Chief client servicing, and Financial Officer and business Chief Operating Officer, transformation, with a across leading strong focus on process organizations such as excellence and Kotak Mahindra Bank, stakeholder Kotak Investment HDFC Asset Management Company Limited CIN: L65991MH1999PLC123027 Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020 Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com management across Advisors Limited, KKR leading organizations India Advisors Private such as Reliance Limited and o3 Capital Nippon Life Insurance, Global Advisory Private MetLife India Insurance Limited. Company and Aditya Birla Management Mr. Sirwalla is a qualified Corporation. Chartered Accountant (AIR 29) and a qualified Mr. Seksaria is a Company Secretary. Chartered Financial Analyst and holds a Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management, Bangalore. He also holds a Bachelor of Engineering (B.E.) degree from Jadavpur University, Kolkata. d) Disclosure of Not Applicable relationships between directors (in case of appointment of a director) HDFC Asset Management Company Limited CIN: L65991MH1999PLC123027 Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020 Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com