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.

HUDCO , a Navratna CPSE, has announced the cancellation of its planned bond issue worth Rs 3,000 crore due to higher than expected coupon rates. The company made this decision public through an official communication to the National Stock Exchange of India Ltd. and BSE Limited on August 28, 2025.

Bond Issue Details

The cancelled bond issue was intended to be:

• Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs
• Face value of Rs 1,00,000 each
• Series-E 2025
• To be issued on a private placement basis

Cancellation of Bond Allotment Committee Meeting

HUDCO had previously scheduled a Bond Allotment Committee meeting for August 29, 2025, to approve the issuance of these Non-Convertible Debentures. However, this meeting has now been withdrawn. The company cited 'higher than expected coupon rates' as the primary reason for the cancellation of the bond issue.

Impact on Investors

In its communication to the stock exchanges, HUDCO clarified that there is no impact on investors as a result of this cancellation. The company stated, "We wish to clarify that there is no impact on investors, as no allotment of securities has been made pursuant to the earlier intimation."

Company's Statement

Shailu Bhardwaj, GM (Finance) and Authorized Signatory for HUDCO, signed the official communication regarding the withdrawal of the bond issue. The statement reads, "We hereby inform you that the said meeting of the Bond Allotment Committee stands withdrawn/cancelled due to withdrawal of the bond issue owing to higher than expected coupon rates."

This decision by HUDCO demonstrates the company's prudent financial management approach, choosing to forgo the bond issue rather than proceeding with higher-than-anticipated borrowing costs. The move also reflects the current interest rate environment and its impact on corporate bond issuances.

Investors and market watchers will likely keep a close eye on HUDCO's future funding plans and any potential re-attempts at bond issuances under more favorable market conditions.