Housing & Urban Development Corporation Limited — Others, 12-03-2025: Security Cover Certificate

Housing and Urban Development Corporation Ltd. (HUDCO) has confirmed the utilization of ₹1,230 Cr raised through non-convertible securities in the quarter ending December 31, 2024, fully in line with the objectives outlined in its offer documents. There were no deviations in fund usage, which reinforces responsible management of financing activities. The financial landscape reflects a total outstanding excellent loan of ₹1,00,814.71 Cr, with zero defaults reported, showcasing fiscal health. Investors should view this as a positive outlook, indicating stable management and robust financial controls amidst ongoing funding commitments.