BSECompany Update23h ago · 29 Aug 2026, 08:32 pm
Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
HDFC Bank Ltd · 500180
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HDFC Bank Ltd's Managing Director & Chief Executive Officer (MD&CEO) Sashidhar Jagdishan has decided not to seek re-appointment, and will retire on October 26, 2026. The Board has decided to fast-track the process for selecting his successor.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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HDFC Bank Ltd - 500180 - Disclosure Under Regulation 30 And Other Applicable Regulations Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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CIN: L65920MH1994PLC080618 HDFC Bank Limited,
Email: shareholder.grievances@hdfc.bank.in Sandoz House,
Website: www.hdfc.bank.in Shivsagar Estate,
Dr. Annie Besant Road,
Worli, Mumbai – 400018
Tel. No.:022-66521000
Ref. No. SE/2026-27/95
August 29, 2026
BSE Limited National Stock Exchange of India Limited
Dept of Corporate Services The Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai 400 001 Mumbai 400 051
Scrip code: 500180 Scrip code: HDFCBANK
Dear Sir/Madam,
Ref: Disclosure under Regulation 30 and other applicable regulations of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
We hereby inform that Mr. Sashidhar Jagdishan (DIN: 08614396) has conveyed today, his decision to not
seek his re-appointment as the Managing Director & Chief Executive Officer (MD&CEO) of the Bank.
At its meeting held today, the Board of Directors took note of Mr. Sashidhar Jagdishan’s communication
to not seek reappointment. Despite persuasion, Mr. Jagdishan reiterated his decision to not seek
reappointment. Accordingly, he shall retire from the services of the Bank upon the close of business hours
on October 26, 2026.
The Board deeply appreciated his commitment, leadership, contribution to the growth, stability of the Bank
and his role in successful completion of one of the largest mergers in corporate India. The Board conveyed
its best wishes to him in his future endeavors.
The Board decided to fast-track the process for selection and appointment of his successor well within time.
This is for your information and appropriate dissemination.
Thank you.
Yours faithfully,
For HDFC Bank Limited
Ajay Agarwal
Company Secretary
Group Head – Secretarial & Group Oversight
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013