Housing & Urban Development Corporation Limited — Board Meeting, 22-01-2025: Outcome of Board Meeting

The Board of Directors has convened a meeting to review and approve the unaudited financial results for the quarter and nine-month period ended 31st December 2024. It has approved an interim dividend of ₹7.05 per equity share, determining 30th January 2025 as the Record Date for eligibility. The Board also sanctioned an increase of the existing borrowing program for FY 2024-25 from ₹40,000 Cr to ₹55,000 Cr and discussed the proposal to exit from Ind Bank Housing Limited (IBHL) along with the appointment of Mr. LVS Sudhakar Babu as Key Managerial Personnel.