HUDCO Fined ₹5.43 Lakh for Board Composition Non-Compliance

Housing & Urban Development Corporation Ltd (HUDCO) has been fined ₹542,800 by BSE and NSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance, for the quarter ended December 31, 2025, primarily concerns the composition of its Board of Directors, including the failure to appoint a woman director. HUDCO's Board acknowledged the fine and resolved to follow up with the concerned Ministry regarding director appointments, as these are controlled by the President of India. The company has requested the Stock Exchanges to waive the fine, citing that director appointments are beyond its control. The exchanges have advised HUDCO to pay the fine within 15 days, warning that failure to do so could lead to freezing of promoter shareholdings and potential transfer to the Z group or suspension of trading for repeated non-compliance.