HUDCO schedules Board meet to approve interim dividend, record date and borrowing plan for FY25

State-run HUDCO to hold meeting of Board of Directors for declaration of interim dividend for the Financial Year 2024-25 and fixation of Record date, and for enhancement of existing borrowing plan/program for the financial year 2024-25 from Rs.40,000 Crore to Rs.55,000 Crore.

According to the exchange filing made, This is in continuation of our letter dated 3rd January 2025 wherein it was informed that the meeting of the Board of Directors is scheduled to be held on Wednesday, 22nd January 2025, interalia to consider and approve unaudited financial results for the quarter and the nine-months period ended 31st December, 2024.

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The Board will consider the Declaration of interim dividend for the Financial Year 2024-25, enhancement of the existing borrowing plan/program for the financial year 2024-25 from Rs.40,000 Crore to Rs.55,000 Crore subject to the outstanding borrowings at any given point of time not exceeding the overall borrowing limit approved by the shareholders.

Further, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for determining the entitlement of the shareholders for the payment of interim dividend shall be Thursday, 30th January 2025, subject to the approval of the Board of Directors, the exchange filing added.

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