New Delhi: Housing and Urban Development Corporation Limited (HUDCO) has announced the extension of tenure for its Chief Risk Officer (CRO), Madhu Nagrani, for an additional one year. The extension will be effective from March 1, 2026, in compliance with the Reserve Bank of India’s NBFC Governance Directions.
Tenure Extension for Chief Risk Officer
Madhu Nagrani, who also serves as General Manager (Finance) at HUDCO, will continue in her role as Chief Risk Officer. She will oversee risk governance, regulatory compliance, and strategic financial oversight within the organization.
The tenure extension ensures continuity in critical governance functions and strengthens HUDCO’s framework for risk management and regulatory adherence.
Official Communication to Stock Exchanges
HUDCO formally notified the stock exchanges regarding this executive change:
- BSE Limited (Scrip Code: 540530)
- National Stock Exchange of India Ltd. (NSE Symbol: HUDCO)
The announcement was signed by Vikas Goyal, Company Secretary & Compliance Officer, confirming compliance with regulatory requirements and the RBI NBFC Governance Directions.
Effective Date and Compliance
The tenure extension takes effect from March 1, 2026, ensuring uninterrupted leadership in risk management. This move aligns with HUDCO’s commitment to strong corporate governance and regulatory compliance, reflecting its proactive approach in maintaining operational stability.
About HUDCO
Housing and Urban Development Corporation Limited (HUDCO) is a government-owned public sector undertaking focused on urban development, housing finance, and infrastructure projects across India. HUDCO plays a critical role in supporting sustainable urban growth and providing financing solutions for public and private sector housing initiatives.
