HDB Financial Services Limited announced today, January 14, 2026, that its Board of Directors has appointed Mr. Vinod Raghavan as the new Chief Compliance Officer (CCO) of the Company. This appointment is effective from February 1, 2026, and will continue for a period of three years until January 31, 2029. Mr. Raghavan will also hold the position of Senior Management Personnel.

This change follows the completion of the term for the current Chief Compliance Officer, Mr. Arjun Dutta, who will demit office at the close of business hours on January 31, 2026. The Board's decision was made in accordance with the Reserve Bank of India's circular regarding the Compliance Function and the Role of the Chief Compliance Officer for Non-Banking Financial Companies.

Mr. Vinod Raghavan brings over two decades of extensive experience in the financial services sector, having previously served as the Chief Compliance Officer at SMFG India Credit Company Limited (formerly Fullerton India). He also held senior compliance leadership roles at Citigroup India for over 15 years. The Board of Directors meeting where this appointment was approved commenced at 11:15 a.m. and concluded at 6:00 p.m. on January 14, 2026.