The Board Meeting to be held on 29/08/2025 Stands Cancelled.
HUDCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and 0.7 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HUDCO has cancelled the Bond Allotment Committee meeting that was scheduled for August 29, 2025. The committee was originally set to approve the allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-E 2025) of Rs.1 lakh face value, aggregating up to Rs.3,000 crore, on a private placement basis. The Navratna CPSE has withdrawn the entire bond issue because coupon rates demanded by the market were higher than what the company expected. HUDCO clarified that no allotment was made under the earlier proposal, so existing investors remain unaffected. The company may revisit the issue later when borrowing conditions become more favourable.
Slightly negative for near-term sentiment — the Rs.3,000 crore fundraising plan was shelved because market lending rates proved too expensive for HUDCO, signalling elevated borrowing costs for government-backed NBFCs. However, since no bonds were actually issued, shareholders face no direct dilution or financial impact.