The Housing and Urban Development Corporation Limited (HUDCO) has announced an extension for the tenure of its Chief Risk Officer. In compliance with regulatory requirements, the tenure of Smt. Madhu Nagrani, General Manager (Finance), has been extended by a further period of one year. This extension is effective from March 1st, 2026, ensuring continuity in critical governance and risk management functions within the organization.
Official Intimation of Personnel Change
The Housing and Urban Development Corporation Limited (HUDCO) has formally notified stock exchanges regarding a significant extension of tenure for a key executive. The communication, dated February 17, 2026, details the continuation of service for the Chief Risk Officer.
Chief Risk Officer Tenure Extended
The designated Chief Risk Officer is identified as Smt. Madhu Nagrani, who also holds the position of General Manager (Finance). In adherence to the directions issued by the Reserve Bank of India pertaining to Non-Banking Financial Companies Governance, her tenure has been approved for an extension. The extension period granted is for a further one-year duration.
Effective Date
This extension of service will commence retrospectively from March 1st, 2026. This ensures uninterrupted governance and robust risk oversight functions across HUDCO’s operations.
Corporate Compliance Record
The announcement serves as the official intimation to the Listing Departments of the BSE Limited and the National Stock Exchange of India Ltd. for their information and necessary records, concluding the required compliance disclosure procedures.
Source: BSE
