Meeting Details
The 56th Annual General Meeting of Housing and Urban Development Corporation Limited was held on Monday, 24th August, 2026 at 11:30 a.m. (IST) through Video Conferencing/ Other Audio-Visual Means. The meeting concluded at 01:13 p.m. (IST).
Attendance
Directors Present:
- Shri Sanjay Kulshrestha - Chairman & Managing Director
- Shri M Nagaraj - Director (Corporate Planning) and Representative of Shri Sanjeet as the Chairman of Audit Committee & Stakeholders Relationship Committee
- Shri Daljeet Singh Khatri - Director (Finance)
- Shri Baldeo Purushartha - Part-time Official (Government Nominee) Director and Chairman of Nomination and Remuneration Committee
Other Attendees:
- Shri Vivek Kumar - Presidential Representative on behalf of Ministry of Housing and Urban Affairs
- Shri Pawan Kumar - Presidential Representative on behalf of Ministry of Rural Development (Through VC)
- Shri Shambhu Nath - Statutory Auditors (Through VC)
- Ms. Parul Jain - Secretarial Auditors & Scrutinizer (Through VC)
- Shri Vikas Goyal - Company Secretary (In Attendance)
Voting Process
Remote e-voting commenced on Thursday, 20th August, 2026 at 9:00 a.m. (IST) and ended on Sunday, 23rd August, 2026 at 5:00 p.m. (IST). Members who had not voted through remote e-voting were allowed to cast their vote through e-voting within 15 minutes after the conclusion of the meeting. Ms. Parul Jain, Company Secretary in practice, was appointed as the Scrutinizer to scrutinize the e-voting process.
Quorum
As confirmed by NSDL, the requisite quorum required for conduct of the meeting was duly present.
Business Transacted
The meeting transacted 6 items of business consisting of 4 ordinary business items and 2 special business items:
Ordinary Business:
1. Consideration and adoption of Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors, Independent Auditor's Report and comments of the Comptroller and Auditor General of India thereon (Ordinary Resolution)
2. Declaration of final dividend for Financial Year 2025-26 @ 15% (₹1.50 per equity share) as recommended by the Board and confirmation of the payment of interim dividends already declared and paid for the Financial Year 2025-26 (Ordinary Resolution)
3. Appointment of Shri Daljeet Singh Khatri (DIN: 06630234), Director (Finance), who retires by rotation and is eligible for reappointment (Ordinary Resolution)
4. Authorization of the Board of Directors to fix the remuneration of the Statutory Auditors for the Financial Year 2026-27 (Ordinary Resolution)
Special Business:
5. Appointment of Shri Baldeo Purushartha (DIN: 07570116), as Part-time Official (Government) Director (Ordinary Resolution)
6. Raising of Funds up to a maximum of ₹70,000 Crore through issue of Non-Convertible Bonds/Debentures on private placement basis (Special Resolution)
Other Proceedings
The Chairman & Managing Director, Shri Sanjay Kulshrestha, delivered his speech at the meeting. A question answer session was conducted where registered shareholders expressed their views and received responses.
Next Steps
The results of voting along with Scrutinizer's report will be announced and disseminated to the Stock Exchanges within the stipulated time, and will be uploaded on the website(s) of the Company, National Securities Depository Limited (NSDL) and Registrar & Transfer Agent (RTA). The resolutions will be deemed to be passed on the date of the AGM (24th August, 2026), subject to receipt of the requisite number of votes in favor of the Resolutions.