State-owned Housing and Urban Development Corporation Ltd (HUDCO) on Monday (March 10) said it has declared a second interim dividend of ₹1.05 per equity share (10.50% on a face value of ₹10) for the financial year 2024-25. The board approved the dividend in its meeting on March 10, 2025.”The Board of Directors, in their meeting held on Monday, 10th March, 2025, inter-alia considered and approved declaration of Second Interim Dividend of Rs. 1.05/- per equity share, i.e. @ 10.50% (subject to deduction of TDS) on the face value of Rs. 10/- each, for the Financial Year 2024-25 and fixed Friday, 14th March, 2025 as Record date for determining the eligibility of shareholders for payment of Interim Dividend,” HUDCO said in a regulatory filing.
The record date for determining eligible shareholders has been set as March 14, 2025. The company stated that the dividend payment process will be completed within 30 days of declaration, subject to tax deductions.
Also Read: A ₹600 crore project adds ₹2,200 crore to NBCC and HUDCO’s market cap
Last week, the Housing and Urban Development Corporation said it plans to increase its loan book to ₹1.5 lakh crore in 2025-26 (FY26) and expects to surpass its ₹1.2 lakh crore target for 2024-25 (FY25).Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, highlighted the strong growth potential in housing and urban infrastructure. “Given the opportunities in these sectors, we expect an upward revision in our targets for FY26. We will take a decision on this in the first quarter of the next financial year,” he said.
The record date for determining eligible shareholders has been set as March 14, 2025. The company stated that the dividend payment process will be completed within 30 days of declaration, subject to tax deductions.
Also Read: A ₹600 crore project adds ₹2,200 crore to NBCC and HUDCO’s market cap
Last week, the Housing and Urban Development Corporation said it plans to increase its loan book to ₹1.5 lakh crore in 2025-26 (FY26) and expects to surpass its ₹1.2 lakh crore target for 2024-25 (FY25).Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, highlighted the strong growth potential in housing and urban infrastructure. “Given the opportunities in these sectors, we expect an upward revision in our targets for FY26. We will take a decision on this in the first quarter of the next financial year,” he said.
He noted that while infrastructure spending in FY25 was slightly slower, the outlook for FY26 is more promising. The Indian government has significantly increased its infrastructure budget, allocating ₹97,000 crore for urban development. This includes funding for metro projects, housing, and industrial housing.
Also Read: HUDCO shares have nearly halved from their peak; MFs increased stake but retail cautious
Shares of Housing & Urban Development Corporation Ltd ended at ₹178.95, down by ₹3.25, or 1.78%, on the BSE.
First Published: Mar 10, 2025 4:17 pm IS
