HDFC company secretary Ajay Agarwal said the company has received no-objection/approval letters from various regulators, including from stock exchanges, the Reserve Bank, the Securities and Exchange Board, the Competition Commission and the National Company Law Tribunal, Mumbai bench since March 17, 2023, sanctioning the merger scheme. Given these, he said, "We clarify that today's news reports referring to the press interaction of Deepak Parekh, the chairman of HDFC the tentative effective date for the merger scheme as July 1, 2023, and the tentative record date for determining the shareholders of HDFC who would be allotted equity shares of HDFC Bank as per the share exchange ratio as July 13, 2023, are tentative". Once the board of HDFC and HDFC Bank decide on the effective date of the merger scheme as well as the record date, the same would be intimated to stock exchanges under applicable regulations. Significantly, the clarification did not mention anything about the board meeting which Parekh and Mistry said was scheduled for June 30.