HUDCO has taken a significant step towards urban development by signing a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA). The agreement, inked on September 8, 2025, in Mumbai, outlines HUDCO's commitment to provide funding of Rs 11,300.00 crore for the development of Nagpur Metro over a five-year period.

Key Highlights of the MoU

• Funding Amount: HUDCO to explore and provide funds up to Rs 11,300.00 crore
• Duration: The funding arrangement is structured over a five-year period
• Purpose: For land acquisition, housing, and development of infrastructure projects in the Nagpur Metropolitan Region
• Additional Services: HUDCO will extend consultancy services and capacity building activities to meet NMRDA's emerging requirements

Significance of the Agreement

This non-binding MoU establishes a robust collaborative partnership between HUDCO and NMRDA, aimed at fostering urban development in one of Maharashtra's key cities. The substantial funding commitment underscores the importance of the Nagpur Metro project in enhancing urban mobility and infrastructure in the region.

High-Profile Presence

The MoU signing ceremony was graced by several dignitaries, including:

• Shri Devendra Fadnavis, Hon'ble Chief Minister of Maharashtra
• Shri Eknath Shinde, Hon'ble Deputy Chief Minister of Maharashtra
• Shri Sanjay Kulshrestha, Chairman & Managing Director of HUDCO

HUDCO's Expanding Role

This agreement aligns with HUDCO's mission to promote sustainable habitat development to enhance the quality of life. By providing both financial support and expertise, HUDCO is positioning itself as a key player in urban infrastructure development across India.

Looking Ahead

As the MoU sets the stage for a long-term partnership, stakeholders will be keenly watching the progress of the Nagpur Metro development. The successful implementation of this project could serve as a model for similar urban development initiatives in other parts of the country.

The collaboration between HUDCO and NMRDA represents a significant step towards enhancing urban infrastructure and improving the quality of life for residents in the Nagpur Metropolitan Region. As the project unfolds over the next five years, it is expected to bring substantial changes to the urban landscape of Nagpur.

HUDCO has announced a change in the record date for determining eligibility for its final dividend payment. The company has revised the date from September 8, 2025, to September 9, 2025, following requests from stock exchanges due to a clearing/settlement holiday declared by the Reserve Bank of India (RBI).

Key Points

• New Record Date: Tuesday, September 9, 2025
• Previous Record Date: Monday, September 8, 2025
• Reason for Change: RBI declared a clearing/settlement holiday on September 8, 2025
• Annual General Meeting: Scheduled for September 15, 2025

Dividend Payment Details

HUDCO's Board of Directors has recommended a final dividend on equity shares for the financial year 2024-25. If approved at the upcoming 55th Annual General Meeting (AGM), the dividend will be paid to eligible members within 30 days of declaration.

Important Dates

• 55th AGM Date: September 15, 2025
• Record Date for Final Dividend: September 9, 2025 (Revised)

Company Communication

In a letter dated September 5, 2025, addressed to the BSE Limited and the National Stock Exchange of India Ltd., HUDCO's Company Secretary and Compliance Officer, Vikas Goyal, stated:

"On receipt of requests from the Stock Exchanges, due to declaration of clearing/settlement holiday on Monday, 8th September, 2025 by the Reserve Bank of India (RBI), the record date for final dividend is changed from Monday, 8th September, 2025 to Tuesday, 9th September, 2025."

The company also clarified that the record date mentioned in the AGM Notice dated August 22, 2025, which is part of the Annual Report for the Financial Year 2024-25, should now be read as Tuesday, September 9, 2025.

Investors and shareholders of HUDCO should take note of this change in the record date to ensure they are eligible for the final dividend, if declared at the upcoming AGM. The revision underscores the company's commitment to adhering to regulatory requirements and ensuring smooth dividend distribution processes.