HUDCO has announced the completion of tenure for two Independent Directors, marking a significant board transition for the Navratna public sector enterprise. The company informed stock exchanges on 7th April, 2026, about the cessation of directorship positions effective from the previous day.

Board Changes and Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows Orders No. A-42012(12)/2/2019-AA-UD-Part(1)(E-9086347) dated 7th April, 2025, issued by the Ministry of Housing and Urban Affairs (MoHUA), Government of India.

Directors Completing Tenure

The following Independent Directors ceased to hold their positions upon completion of their one-year term of appointment on 6th April, 2026:

Corporate Governance Framework

The tenure completion represents part of HUDCO's ongoing corporate governance practices as a government enterprise. Both directors served a one-year term as Independent Directors, with their appointments originally sanctioned through government orders from the Ministry of Housing and Urban Affairs.

Company Profile

Housing and Urban Development Corporation Limited operates as a Navratna Central Public Sector Enterprise under the Government of India. The company maintains ISO 9001:2015 certification and is headquartered at Core-7A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi. The formal communication was signed by Vikas Goyal, Company Secretary & Compliance Officer, ensuring proper regulatory disclosure to both BSE Limited and National Stock Exchange of India Limited.

HUDCO has delivered strong business performance for the financial year ended 31st March 2026, demonstrating significant growth across key operational parameters. The government enterprise, operating under Regulation 30 of SEBI listing requirements, reported substantial increases in both loan sanctions and disbursements compared to the previous financial year.

Financial Performance Highlights

The company's business performance for FY 2025-26 showed remarkable growth momentum across core lending activities. HUDCO's loan sanctions and disbursements both registered strong double-digit growth, reflecting the company's enhanced operational capabilities and market reach.

Loan Sanctions Performance

HUDCO achieved exceptional growth in loan sanctions, reaching ₹1,64,757 crore in FY 2025-26 compared to ₹1,27,952 crore in the previous financial year. This represents a substantial increase of 28.76%, indicating strong demand for the company's financing solutions in the housing and urban development sector. The significant growth in sanctions demonstrates HUDCO's expanding role in supporting India's infrastructure and housing development initiatives.

Disbursement Growth

The company's loan disbursements showed equally impressive performance, growing by 27.87% to ₹51,194 crore in FY 2025-26 from ₹40,037 crore in FY 2024-25. This substantial increase in disbursements reflects HUDCO's efficient execution capabilities and strong project implementation support. The growth in disbursements indicates the company's ability to convert sanctioned loans into actual funding for development projects.

Regulatory Compliance

HUDCO communicated these business performance highlights to stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains transparency with stakeholders through regular disclosure of material information. The performance figures are provisional and subject to audit, ensuring accuracy in final reporting.

Company Profile

Housing and Urban Development Corporation Limited operates as a Government of India enterprise and holds Navratna status. The ISO 9001:2015 certified company is headquartered at India Habitat Centre, New Delhi, and plays a crucial role in financing housing and urban development projects across India. HUDCO's strong performance in FY 2025-26 reinforces its position as a key player in India's infrastructure financing landscape.