LIC Housing Finance Ltd

LIC Housing Finance Ltd — Trading Window closed from 1 October 2026 till the expiry of 48 hours after declaration of Unaudited Financial Results for the Second quarter and half year ended as on 30 September, 2026

LIC Housing Finance Limited: Trading Window closed from 1 October 2026 until 48 hours after declaration of unaudited financial results for the Q2 and HY ended 30 September 2026

Resolution: Appointment of MD & CEO

• Purpose: Ordinary resolution to appoint LIC nominee Shri Sandeep Kumar as MD & CEO.
• Term: Effective 29 August 2026 to 30 June 2028, deputed by LIC of India.
• Remuneration: To be fixed per LIC pay scale, Board/NRC approved, within statutory limits.
• Authority: Directors/Company Secretary authorized to file necessary forms and approvals.
• Status: Results to be declared by 26 October 2026.

Resolutions

• Appointment of Shri Sandeep Kumar as MD & CEO (Ordinary Resolution) effective 29 Aug 2026.
• Term up to 30 Jun 2028 while deputed by LIC of India; remuneration as approved by NRC/Board.
• Related party involvement: LIC of India nominee; due diligence and fit-and-proper criteria satisfied.
• Outcome pending; results to be declared by 26 Oct 2026.

AGM Details

• Date/time: 28 August 2026, 3:30 PM IST; mode: VC/OAVM via InstaMeet.

Dividend & Voting

• Dividend declared: ₹10 per equity share (₹2 face value).
• Voting results to be announced within two working days.

Auditors & Reports

• Joint Statutory Auditors: Shah Gupta & Co. and Batliboi & Purohit; Secretarial Auditor: BNP & Associates.
• Auditors expressed unqualified opinions for FY 2025-26; no material observations.

Governance & Attendees

• Meeting conducted via VC/OAVM with board, MD-CEO, CFO, and Company Secretary present.
• Scrutinizer appointed; e-voting opened; shareholder questions invited.
• CSR report noted; suggestion to concise CSR section.

Key Q&A Highlights

• GNPA targeted to 1.9% over 2-3 years.
• ROE targeted at 15-16% over 2-3 years.
• Double-digit growth expected in disbursements and loan book.
• Diversification into LAP and LRD to improve margins.
• Competition from banks and NBFCs acknowledged; margins emphasized.

AGM Details

• Date and time: 28 August 2026, 03:30 PM IST.
• Mode: Video Conference via InstaMeet.

Dividend

• Dividend of Rs 10 per equity share (500% on Rs 2 face value) declared.

Auditors & Governance

• Joint statutory auditors: Shah Gupta & Co. and Batliboi & Purohit.
• Secretarial Auditor: BNP & Associates.
• No auditor appointment changes announced.

Voting & Results

• E-voting opened; results to be announced within two working days.

Management Outlook

• MD & CEO projected double-digit growth in disbursement and loan book over the next two to three years.

Related Party Transactions

• No material related party transactions disclosed.

Senior Management Change

• I Sreedhar, Joint General Manager, ceased from the Company due to superannuation, effective Aug 31, 2026.

Appointment of MD & CEO

• Board approved appointment of Shri Sandeep Kumar as Additional Director and MD & CEO.
• Effective from 29 August 2026.
• Term not exceeding five years and not liable to retirement.
• Subject to shareholders' approval within three months.
• Not liable to retirement by rotation.
• Profile attached as Annexure-1.
• Relationships: Doraiswamy Ramachandran and Ratnakar Patnaik are UC of India directors.
• All three, including Sandeep Kumar, are employees of UC of India.