The HUDCO Board of Directors, meeting on March 23, 2026, declared a 4th Interim Dividend of ₹1.25 per share (12.50%) for the Financial Year 2025-26, setting the Record Date as March 28, 2026. Furthermore, the Board approved the Annual Borrowing Plan for FY 2026-27, authorizing the mobilization of funds up to ₹70,000 Crore through diverse debt instruments.
Key Board Decisions on March 23, 2026
The Board of Directors of Housing and Urban Development Corporation Limited (HUDCO) met on Monday, March 23, 2026, and approved two major financial resolutions concerning shareholder returns and future financing needs.
Declaration of Fourth Interim Dividend
The Board sanctioned the declaration of the 4th Interim Dividend for the Financial Year 2025-26. The quantum of the dividend is ₹1.25 per equity share, which translates to @ 12.50% on the face value of ₹10/- per share (subject to TDS deduction).
- Record Date: Saturday, March 28, 2026, has been fixed as the Record Date for determining shareholder eligibility for dividend payment.
- Payment Timeline: The entire process for the payment of this Interim Dividend is mandated to be completed within 30 days of its declaration.
Annual Borrowing Programme for FY 2026-27
The Board also gave its approval for the Annual borrowing plan/programme intended for the upcoming Financial Year, 2026-27.
The total authorized borrowing limit is set at an aggregate amount up to ₹70,000 Crore. These funds are planned to be raised through a variety of long-term and short-term sources and modes, ensuring comprehensive capital management.
Authorized Sources of Funding:
The planned borrowing avenues include, but are not limited to, the following instruments:
- Debt Instruments: Long-term and short-term loans, lines of credit, bonds/debentures of various types.
- Special Bonds: 54EC Capital Gain Tax Exemption bonds.
- Capital Instruments: Subordinated bonds and / or Perpetual Tier-I and Tier-II Capital bonds.
- Commercial Paper: Commercial/structured paper(s).
- Foreign Currency & ECBs: FCNR(B) loans and External Commercial Borrowings (ECBs).
- Institutional Loans: Borrowings from Banks (including foreign currency equivalents), multilateral institutions/international agencies, Refinance assistance, and Overdraft/Working Capital Demand Loans.
The actual borrowings to be raised via the issuance of Bonds/debentures throughout the year will ultimately be determined by the Bond Allotment Committee, based on the immediate fund requirements of the Corporation.
Meeting Conclusion
The Board Meeting officially commenced at 11:40 A.M. (IST) on March 23, 2026, and successfully concluded at 2:20 P.M. (IST).
Source: BSE
