Housing and Urban Development Corporation Limited , a Government of India enterprise and Navratna CPSE, has disclosed the completion of tenure of its Independent Director, Dr. Ravindra Kumar Ray, effective 14th May, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Completion of Independent Director's Tenure

Dr. Ravindra Kumar Ray ceased to hold the position of Independent Director of HUDCO upon completion of his one-year term of appointment on 14th May, 2026. His appointment had been made in accordance with the Ministry of Housing and Urban Affairs (MoHUA), Government of India order. The key details of the development are as follows:

Regulatory Disclosure

The corporate disclosure was communicated to both BSE Limited and the National Stock Exchange of India Limited on 15th May, 2026, by Vikas Goyal, Company Secretary & Compliance Officer of HUDCO. The communication confirms that Dr. Ravindra Kumar Ray's cessation from the board is a result of the natural completion of his term, as stipulated in the MoHUA appointment order dated 15th May, 2025.

Housing and Urban Development Corporation Limited has submitted its initial disclosure as a Large Corporate entity to the stock exchanges, complying with the SEBI Master Circular requirements. The Navratna CPSE filed the mandatory disclosure on 30th April 2026, providing key financial and operational details as required under the regulatory framework.

Regulatory Compliance Details

The disclosure was made pursuant to SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15th October 2025. Housing and Urban Development Corporation Limited confirmed its status as a Large Corporate under Chapter XII of the SEBI Master Circular, as amended from time to time. The company submitted the disclosure to both BSE Limited and National Stock Exchange of India Limited simultaneously through official communication reference No. HUDCO/LC/2026-27.

Financial Position and Credit Ratings

The company's financial disclosure reveals significant borrowing levels and strong credit standing in the market as of 31st March 2026.

Corporate Information and Stock Exchange Details

Housing and Urban Development Corporation Limited operates as a Government of India Enterprise and holds Navratna status. The company maintains ISO 9001:2015 certification and is headquartered at Core - 7A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi - 110003. The company trades on both major stock exchanges with scrip code 540530 on BSE Limited and HUDCO on National Stock Exchange of India Limited.

Disclosure Authorization and Digital Compliance

The initial disclosure was authorized by senior management officials with proper digital authentication. Achal Gupta, General Manager (Finance), digitally signed the documents on 30th April 2026 at 16:11:00 +05'30'. Vikas Goyal, Company Secretary, provided his digital signature on 30th April 2026 at 16:39:25 +05'30', while Daljeet Singh Khatri, Director (Finance) and Chief Financial Officer, completed the authorization process on 30th April 2026 at 18:07:46 +05'30'.

Regulatory Framework Impact

The SEBI Master Circular framework requires Large Corporate entities to make specific disclosures regarding their borrowing patterns and credit ratings. Housing and Urban Development Corporation Limited's submission demonstrates its commitment to regulatory compliance and transparency in financial reporting. The company's AAA/Stable ratings from three major credit rating agencies reflect its strong financial position and creditworthiness in the market, supporting its substantial borrowing capacity of over ₹1.26 lakh crore.