Housing and Urban Development Corporation Limited (HUDCO) has officially announced the conclusion of Dr. Ravindra Kumar Ray’s tenure as an Independent Director. Following a one-year appointment term set by the Ministry of Housing and Urban Affairs, Dr. Ray stepped down from his position on May 14, 2026. The departure follows the successful completion of his specified term of service with the company board.
Completion of Board Tenure
Housing and Urban Development Corporation Limited (HUDCO) confirmed that Dr. Ravindra Kumar Ray has ceased to serve as an Independent Director on the company’s board. This transition follows the expiration of his one-year appointment term, which officially ended on May 14, 2026.
Background of Appointment
Dr. Ray’s tenure was guided by the appointment directives issued by the Ministry of Housing and Urban Affairs (MoHUA), Government of India, dated May 15, 2025. With the fulfillment of this one-year term, the company has formally acknowledged the conclusion of his service in line with corporate governance protocols.
Source: BSE
