HUDCO has announced that its Board of Directors will convene on January 29, 2026, to review quarterly financial performance and consider key corporate actions for the ongoing financial year. The meeting will address multiple significant agenda items including financial results approval, dividend declaration, and borrowing plan enhancement.

Financial Results Review

The board will consider and approve the unaudited financial results, both standalone and consolidated, for the quarter and nine-months period ended December 31, 2025. This quarterly review represents the third quarter performance for the financial year 2025-26, providing stakeholders with insights into the company's operational and financial progress during this period.

Interim Dividend Consideration

A key agenda item involves the potential declaration of the third interim dividend for shareholders in FY2025-26. The company has set February 7, 2026, as the proposed record date for determining shareholder entitlement to the interim dividend payment, subject to board approval.

Shareholders have been advised to refer to taxation-related communications available on HUDCO's website under the Investors section for dividend tax implications.

Borrowing Plan Enhancement

The board will deliberate on enhancing the existing annual borrowing plan for FY2025-26, proposing an increase from ₹65,000.00 crore to ₹80,000.00 crore. This enhancement aims to support the company's operational requirements while ensuring compliance with shareholder-approved borrowing limits.

The proposed enhancement includes the condition that outstanding borrowings at any given time will not exceed the overall borrowing limit previously approved by shareholders.

Trading Window Restrictions

In compliance with SEBI regulations on insider trading, HUDCO has implemented trading window restrictions for company securities. The trading window, which closed on January 1, 2026, will remain closed until January 31, 2026, encompassing the board meeting period and financial results announcement.

The company has issued this notification pursuant to Regulation 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent communication with stock exchanges and stakeholders regarding the upcoming board meeting and its agenda items.

HUDCO has signed a comprehensive Memorandum of Understanding with the Chhattisgarh government on January 7, 2026, establishing a framework to provide financial assistance up to ₹1 lakh crore over the next five years. The non-binding MoU was executed at Nava Raipur, Chhattisgarh, marking a significant partnership for the state's housing and infrastructure development initiatives.

MoU Framework and Structure

The agreement creates a substantial financial framework allowing HUDCO to provide up to ₹20,000.00 crore per year for the next five years, aggregating to ₹1,00,000.00 crore by FY 2030. The MoU was signed by Shri Daljeet Singh Khatri, Director Finance at HUDCO, and Shri Mukesh Bansal, IAS, Secretary Finance, Government of Chhattisgarh.

Sector-wise Funding Allocation

The MoU outlines specific sector-wise allocation of the ₹1 lakh crore funding commitment. Infrastructure projects receive the largest allocation at ₹70,000.00 crore, covering both core and non-core infrastructure including water supply, sewerage, drainage, roads, electricity, smart cities, metro projects, airports, industrial parks, social and commercial infrastructure, educational institutions, hospitals, logistics hubs, IT infrastructure, civil aviation, mining institutions, and rural infrastructure.

Terms and Conditions

HUDCO will provide term loans to financially independent agencies under the Chhattisgarh government, subject to the company's prevailing lending policies, due diligence requirements, and availability of adequate loan security. Each project will undergo individual evaluation and approval based on mutually agreed terms and conditions decided on a case-by-case basis.

The Chhattisgarh government does not directly commit to repayment of loans sanctioned by HUDCO, though it may consider issuing government guarantees for projects as per its policy. Agencies retain the flexibility to raise funds from other lenders if better terms are available elsewhere.

Agreement Validity and Market Response

The MoU remains valid until FY 2030 and can be extended through mutual consent. Either party may terminate the agreement with a 30-day notice, and any disputes will be resolved through mutual discussions or under the Administrative Mechanism for Resolution of CPSEs Disputes.

This strategic partnership establishes HUDCO as a key financial partner for Chhattisgarh's development agenda while providing the state government access to substantial funding for critical infrastructure and housing projects over the next five years.