HDFC Bank will maintain the ADS-to-share ratio at 1:3 and issue bonus ADS in a 1:1 ratio.

• Bonus ADS issuance subject to member approval via Postal Ballot before being executed by JP Morgan Chase, the depositary.
• Existing ADS holders will receive one additional ADS for every ADS held, reflecting the bonus equity share issue.
• The move ensures parity in ADS value and maintains alignment with underlying equity shares post-bonus.