Board comments on fine levied by the Exchanges for the quarter ended 30.06.2026.

HUDCO/List. Comp./SE/2026 22nd October, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 SCRIP CODE: 540530 SCRIP CODE: HUDCO Sub.: Board comments on fine levied by the Exchanges -------------------------------------------------------------------------------------------------------------- Sir/Madam, This is with reference to NSE Letter and BSE Email dated 25th August, 2026 (copy enclosed) regarding levy of fines on the Company for non-compliance of the provisions regarding the composition of the Board/Committee(s) and quorum of the meetings during the quarter ended 30th June, 2026, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As advised by Stock Exchanges, the same was placed before the Board and the Board, while noting the status of levy of fine, desired that continuous follow up be made with the Ministry apprising about the penalties being levied by the Stock Exchanges for non- compliance on the subject matter. The Board also desired to request the Stock Exchanges for waiver of fine. In this regard, we would like to mention that HUDCO is a Government Company and the power to appoint Directors vests with the President of India exercised through Administrative Ministry. It may be noted that request for appointment of requisite Independent Directors has been made to the Ministry. Hence, as the appointment of Directors is beyond the control of the Company, the fines levied by the Stock Exchanges may be waived off. Thanking You. Yours Sincerely For Housing and Urban Development Corporation Limited Vikas Goyal Company Secretary & Compliance Officer Encl: as above NSE/LIST-SOP/COMB/FINES/0954 August 25, 2026 The Company Secretary Housing & Urban Development Corporation Limited Dear Sir/Madam, Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange records, it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s). The details of non-compliance(s)/delayed compliance(s), total fine payable by your Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure. You are requested to ensure compliance with respective regulation(s) and make the payment of fines within 15 days from the date of this notice. The Company upon receipt of this review notice, may file the waiver request. Below are the parameters for filing the application for waiver: a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver application on the below mentioned path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request. b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek personal hearing before the concerned Committee. c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of the non-complied Companies will not be processed without achieving the compliance. d) In case the Company is non-compliant under multiple regulations, the Company is advised to file a single application mentioning the details of all the respective regulations and quarters for which the Company intends to apply for waiver. e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines) only if the fine amount is more than Rs. 5,000/- exclusive of GST. This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 21:12:37 IST However, before filing an application for waiver of fines, you are requested to refer to the below policy available on the Exchange’s website. For ready reference you may refer below link: Policy on processing of waiver application: https://nsearchives.nseindia.com//web/circular/2026- 01/Policy_for_waiver_of_fines_Final1_20260113193131.pdf Further, as per Master Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for dissemination having the announcement text as 'Board comments on fine levied by the Exchange'. Path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA (Subject: Updates) In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below mentioned Exchange Officers from Listing Compliance Department: Ms. Komal Singh Ms. Madhu Kadam Ms. Chanchal Daga (Waiver request) Ms. Neha Salvi (Waiver request) Yours faithfully, For National Stock Exchange of India Limited Sonam Yadav Manager This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 21:12:37 IST Annexure Fine amount per day No. of days of non- Fine Regulation Quarter (Rs.) / Fine amount per compliance / No. of amount instance (Rs.) instance(s) (Rs.) REGULATION 30-Jun- 5000 91 455000 17(1) 2026 REGULATION 30-Jun- 2000 85 170000 18(1) 2026 REGULATION 30-Jun- 2000 85 170000 19(1)/19(2) 2026 REGULATION 30-Jun- 2000 47 94000 20(2)/(2A) 2026 REGULATION 30-Jun- 2000 47 94000 21(2) 2026 REGULATION 30-Jun- 10000 1 10000 17(2A) 2026 Total Fine 993000 GST @18% 178740 Total Fine Payable (Inclusive of GST) 1171740* * In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing every day till the date compliance is achieved. Notes: • If the fine amount is paid before receipt of this letter then inform the Exchange accordingly. • Please update the payment details on below mentioned path: NEAPS > Payment > SOP Fine Payment. • The above payment may be made vide RTGS / NEFT / Net Banking favouring 'National Stock Exchange of India Limited'. The bank details towards the payment of fine are as follows: BENEFICIARY NATIONAL STOCK EXCHANGE OF INDIA LIMITED NAME BANK NAME IDBI BANK LTD Please refer Unique Account Code used for making Annual Listing A/C NO fees to the Exchange BRANCH BANDRA KURLA COMPLEX, MUMBAI This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 21:12:37 IST RTGS/IFSC CODE IBKL0001000 • The fine paid as mentioned above will be credited to IPFT as envisaged in the circular. This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 21:12:37 IST Outlook 540530-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance) Frombse.soplodr <bse.soplodr@bseindia.com> Date Tue 8/25/2026 7:07 PM To CS WING <cswhudco@hudco.org>; CS WING <cswhudco@hudco.org>; VIKAS GOYAL <vikasgoyal@hudco.org> Cc bse.soplodr <bse.soplodr@bseindia.com> Ref.: SOP-CReview/ QTR-Jun-26 The Company Secretary/Compliance Officer Company Name: Housing & Urban Development Corporation Ltd Scrip Code: 540530 Dear Sir/Madam, Sub: Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance). The company is advised to refer to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 issued by Secu [Showing first 8,000 characters — download PDF for full document]