Housing & Urban Development Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.

Multiple Ind Directors ResignedKmp ResignedManagement Changes View source PDF

HUDCO · price

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+7.9%1-day move

₹169.90

prior close

₹168.26

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AI summary

HUDCO informed the exchanges that two Independent Directors - Shri Kantilal Chaturbhai Patel and Smt. Sabitha Bojan - have ceased to hold their positions upon completion of their one-year appointment term on 6th April, 2026. The cessation was as per an order dated 7th April, 2025 from the Ministry of Housing and Urban Affairs, Government of India. As a listed Central Public Sector Undertaking, HUDCO will need to appoint new Independent Directors to maintain board composition as per SEBI listing requirements.

Likely market impact

The departure of two Independent Directors simultaneously reduces board independence and may require the company to initiate a fresh appointment process. This is routine for government companies but is a significant board composition change affecting corporate governance structure.