Housing & Urban Development Corporation Limited has informed the Exchange about General Updates- BRSR for FY 2024-25
HUDCO · price
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Awaiting price reaction for this filing.
HUDCO has filed its annual Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, covering its housing and infrastructure finance business which contributes 98.92% of turnover. Key financials include turnover of Rs. 10,311.29 crore, net worth of Rs. 17,969.79 crore, and disbursements of Rs. 40,037.52 crore during the year against sanctions of Rs. 1,27,952.49 crore. The company formulated its ESG Policy in July 2024, received an ESG rating of 50/100 from NSE, and executed a pioneering climate finance transaction under ICMA's Green Loan Principles. The report also disclosed an RBI penalty of Rs. 3.5 lakh (September 2024) and outstanding stock exchange fines of Rs. 2.43 crore for non-compliance with board composition norms (non-appointment of requisite independent directors). HUDCO has 824 employees with 27% female representation but zero women on the Board of Directors.
This is a routine mandatory BRSR filing with no immediate stock-moving impact. However, the persistent stock exchange fines (~Rs. 2.43 crore outstanding) for board composition non-compliance remain a governance overhang. The newly formulated ESG policy and green finance initiatives are positive for long-term positioning with sustainability-focused investors.