53rd annual general meeting of HUDCO held

The Housing & Urban Development Corporation (HUDCO) held its 53rd Annual General Meeting through video conferencing on September 21, 2023. Kuldip Narayan, Chairman & Managing Director, HUDCO chaired the meeting and addressed the shareholders to apprise them of the outstanding performance of the Company during the year. During the financial year 2022-23, HUDCO posted the PAT of Rs 1701.62 crore. In line with the excellent performance of the company, HUDCO approved for payment of a total dividend (Interim and Final) of Rs 770.73 crore to shareholders for FY 2022-23, as against Rs 700.66 crore for the FY 2021-22, which is an increase of 10% compared to last year. The outstanding performance of HUDCO in the FY 2022-23 has resulted in increase of the net worth of the company to Rs 15,445.25 crore, which was Rs 14,468.32 crore in the previous year. Kuldip Narayan, CMD HUDCO& JS (HFA), M Nagaraj, Director Corporate Planning, D Guhan, Director Finance, Shri Sanjeet (IRAS), Director & JS & FA, Shri Satinder Pal Singh (IPS), Director, Ravinder Kumar Ray, Director, Dr. Siyaram Singh, Director, Mrs Sabitha Bojan, Director and Harish K Sharma, Company Secretary were present at the AGM.