Housing & Urban Development Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
HUDCO · price
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HUDCO has disclosed that Dr. Ravindra Kumar Ray ceased to hold the position of Independent Director upon completion of his one-year term on 14th May, 2026. The termination of his appointment was pursuant to an order from the Ministry of Housing and Urban Affairs (MoHUA), Government of India, dated 15th May, 2025. This is a routine disclosure under SEBI Listing Regulations regarding the natural expiry of an independent director's fixed term appointment. The company has informed both BSE and NSE about this change.
This is a routine governance event with no negative implications for shareholders. Independent directors completing fixed terms is standard practice and does not signal any governance concerns or operational issues.