HDFC Bank (NYSE: HDB) legal head details equity and option stakes

Rhea-AI Filing Summary

HDFC Bank Ltd executive Sudhirkumar Jha, Group Head – Corporate Legal, has filed an initial ownership report detailing his direct equity and employee stock option positions in the bank.

He directly holds 40,190 Equity Shares and multiple Employee Stock Option (Right to Buy) grants over HDFC Bank equity shares. These options cover various blocks of underlying equity shares at fixed exercise prices, including 34,600 underlying Equity Shares at an exercise price of Rs 9.5400 expiring on October 29, 2031, and 49,140 underlying Equity Shares at an exercise price of Rs 10.6300 expiring on September 18, 2033. The filing lists these positions as holdings, with no reported purchases or sales.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Jha Sudhirkumar

(Last) (First) (Middle)

HDFC BANK LIMITED, HDFC BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL (WEST)

(Street)

MUMBAI K7 400013

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
HDFC BANK LTD [ HDB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Head - Corporate Legal

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Equity Shares	40,190	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	10/25/2024	10/25/2028	Equity Shares	17,400	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/25/2025	10/25/2029	Equity Shares	30,400	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/25/2026	10/25/2030	Equity Shares	31,166	$8.28(1)	D
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	34,520	$9.54(1)	D
Employee Stock Option (Right to Buy)	09/18/2026	09/18/2030	Equity Shares	18,400	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2027	09/18/2031	Equity Shares	24,600	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2028	09/18/2032	Equity Shares	30,700	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2029	09/18/2033	Equity Shares	49,140	$10.63(1)	D

Explanation of Responses:

1. Conversion rate as on March 16, 2026 applied : 1Rs = 0.011 USD

Remarks:

Exhibit 24 - Power of Attorney Group Head - Corporate Legal

	/s/ Dhanjit Thaivalappil, Attorney in fact for Jha Sudhir Kumar	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the HDFC Bank (HDB) Form 3 filing by Sudhirkumar Jha show?

The Form 3 shows that HDFC Bank executive Sudhirkumar Jha directly holds 40,190 Equity Shares and several employee stock option grants over additional equity shares. It is an initial ownership report, not a record of recent share purchases or sales.

How many HDFC Bank (HDB) shares does Sudhirkumar Jha directly own?

Sudhirkumar Jha directly owns 40,190 Equity Shares of HDFC Bank. This figure comes from the reported total shares following the transaction for the Equity Shares line item, which is classified as a direct ownership holding in the filing.

What employee stock options over HDFC Bank (HDB) shares does Sudhirkumar Jha hold?

He holds multiple Employee Stock Option (Right to Buy) grants over HDFC Bank Equity Shares at fixed exercise prices. Examples include 34,600 underlying shares at Rs 9.5400 expiring October 29, 2031, and 49,140 underlying shares at Rs 10.6300 expiring September 18, 2033.

Does the HDFC Bank (HDB) Form 3 show any recent share purchases or sales by Sudhirkumar Jha?

No, the Form 3 lists holdings only, with no transaction codes indicating buys or sells. The transaction summary shows zero buy and sell counts, and all entries are categorized as holding-type records rather than market trades.

What is Sudhirkumar Jha’s role at HDFC Bank (HDB) mentioned in this Form 3?

The filing identifies Sudhirkumar Jha as an officer of HDFC Bank with the title “Group Head - Corporate Legal.” This indicates he is a senior legal executive at the bank and a reporting person for share ownership disclosures.

What exercise prices and maturities are disclosed for HDFC Bank (HDB) options held by Sudhirkumar Jha?

The options have exercise prices of Rs 8.2800, Rs 9.5400, and Rs 10.6300 over Equity Shares, with expirations ranging from October 25, 2028 to September 18, 2033. Each grant specifies an underlying share amount and an expiration date.