HUDCO approves INR 65,000 crore borrowing program

Housing & Urban Development Corporation (HUDCO), stock code BSE:HUDCO, has announced its Board of Directors' approval for an annual resource plan to raise funds up to a maximum of INR 65,000 Crore during the financial year 2025-26. This borrowing program aims to meet the company's actual funding requirements. In addition to this, the board has also approved an increase in the overall borrowing limit to INR 2,50,000 Crore. This is an increase from the existing limit of INR 1,50,000 Crore, which was previously approved by shareholders under Section 180(1)(c) of the Companies Act, 2013. The increase is subject to shareholder approval. The decision was made during a board meeting held on April 4th, 2025, which commenced at 10:25 A.M. and concluded at 2:05 P.M.