Outcome of Board Meeting

HUDCO/SE/FR/2026 4th November, 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, Mumbai – 400001 Bandra-Kurla Complex, Bandra (E), Mumbai – 400051 SCRIP CODE: 540530 SCRIP CODE: HUDCO Sub.: Outcome of the Board Meeting -------------------------------------------- Sir/Madam, The Board of Directors, in their meeting held today i.e. Wednesday, 4th November, 2026, inter-alia considered and approved the following: i) Unaudited Financial Results for the quarter & half year ended 30th September, 2026: We are enclosing herewith Unaudited Financial Results (Standalone and Consolidated) for the quarter & half year ended 30th September, 2026 with Statement of Assets and Liabilities as at the end of the half year ended 30th September, 2026 and Limited Review Report of Statutory Auditors, along with other applicable disclosures. These results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors, in their meetings held on 4th November, 2026. The financial results are being made available on Company’s website, i.e., www.hudco.org.in. ii) Declaration of 2nd interim dividend for Financial Year 2026-27 and fixation of Record date: Declaration of 2nd Interim Dividend of Rs. 1.35/- per equity share i.e., @ 13.50 % (subject to deduction of TDS) on the face value of Rs.10/- each, for the Financial Year 2026-27 and fixation of Wednesday, 11th November, 2026 as Record date for reckoning eligibility of shareholders for the purpose of payment of 2nd Interim Dividend. The process of payment of Interim Dividend will be completed within 30 days of its declaration. In relation to the taxation of dividend, shareholders are being requested to refer to the communication uploaded HUDCO’s website under the tab Investors>Dividend>TDS Communication. The Board Meeting commenced at 12:15 p.m. (IST) and concluded at 01:50 p.m. (IST). This is for your kind information and record. Yours sincerely For Housing and Urban Development Corporation Limited Vikas Goyal Company Secretary & Compliance Officer Encl.: as above 1. National Securities Depository Limited 2. Central Depository Services (India) Limited 3. Beetal Financial Computer Services Pvt. Ltd. ~ ~ 3li f-r ~ -.,;'fq'fTIFf ~ Housing and Urban Development Corporation Limited Follow us on ('l'Jffi'l~<j;T~) (A Government of India Enterprise) II a mn t ' -lffl a -n ~soo1: 2=01s. ~ tq ff t[ tf. cft : .r~. enut m . I eS -O 9 '0 A0 ',1 2 D01 C5 C BE hR aT wIF anIE C diO aM HP aA bN itaY t Centre, Lodhi Road, (I @ wwh wud .fc ao cl elm bolt oe kd . com/hudco -ff ~ - 110003 . ~ : 011-24649610-21 New Delhi -110003, Tel.: 011-24649610-21 (ffl @hudco-llmlted D @hudcoltd CIN: L74899DL1 970GOI005276, GST: 07AAACH0632A1ZF, Visit us at: www.hudco.org.in Building Assets for Viksit Bharat SARC & ASSOCIATES N-226, LGF, Greater Kailash-I, New Delhi-110 048 Chartered Accountants M: +919810307182 T: +91 1141734656-57-58 Email: dinesh@sarcmail.in Independent Auditor's Review Report on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 of the Company pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors Housing and Urban Development Corporation Ltd 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Housing and Urban Development Corporation Ltd. (herein after referred to as the "The company") for the quarter and half year ended September 30, 2026 (herein after referred to as "statement"), being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in its meeting held on 04th November 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by The Institute of Chartered Accountants of India ("ICAI"). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results for the quarter and half year ended September 30, 2026 read with Head Office: D-191, Pocket D, Okhla Phase-I, Okhla Industrial Area, New Delhi-110 020 Branches: New Delhi • Mumbai • Ahmedabad • Surat• Nadiad • Anand • Hyderabad , Vizag. Chandigarh , Varanasi • Naida • Gorakhpur notes therein, prepared in accordance with the applicable Indian Accounting Standards and other accounting practices and policies generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matters We draw attention to the following matters in the notes to the accompanying Standalone Financial Results: Note No. 6 of the Unaudited Standalone Financials the Company has recognised interest income amounting to Rs. 7.80 crores on the "No Lien Andrews Ganj Project (AGP) Account" for the quarter ended September 30, 2026. The recoverable balance outstanding in the said account as at September 30, 2026, amounts to Rs. 743.16 crores. We are informed that the Company is in discussions with the Ministry of Housing and Urban Affairs (MOHUA) for recovery/reimbursement of the outstanding amount, including interest. Our Opinion is not modified in respect of the above matters. 6. Other Matters The Company has not complied with the provisions of Regulation 17(1 )(b) of SEBI (LODR) Regulations, 2015, regarding the requirement of the requisite number of Independent Directors. Accordingly, the composition of various Committees was not in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, for the period April 1, 2026 to September 30, 2026. Due to non-compliance in past with corporate governance the Stock Exchanges (NSE and BSE) have levied fines and the same is disclosed as contingent liabilities. Our Opinion is not modified in respect of the above matters. For SARC & Associates Chartered Accountants ICAI Firm Registration No.006085N Partner Membership No.: 0861 UDIN No.: 26086145AXNQPP3841 Place: New Delhi Dated:04-11-2026 SARC & ASSOCIATES N-226, LGF, Greater Kailash-I, New Delhi-110 048 Char t ered Accountants M: +919810307182 T: +91 1141734656-57-58 Email: dinesh@sarcmail.in Independent Auditor's Review Report on Unaudited Consolidated Financial Results f [Showing first 8,000 characters — download PDF for full document]