GIC Housing Finance Limited has announced a key senior management appointment, naming Ms. Paba Koshy as Head of Operations Department in Senior Vice President cadre. The appointment was approved by the Board of Directors and became effective on April 09, 2026 at 12.36 P.M.

Regulatory Disclosure Details

The company made the disclosure pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure pertains to changes in Senior Management Personnel.

Appointment Details

Professional Background

Ms. Paba Koshy brings substantial expertise to her new role, with a strong foundation in financial and operational management. She is a qualified Chartered Accountant with 23 years of rich experience in the insurance sector. Her extensive background includes:

• Handling various claims both at operational level and Regional Office (RO)
• Leading TP Claims Hub for one year
• Serving as Regional Manager with comprehensive departmental oversight

Key Areas of Expertise

During her tenure as Regional Manager, Ms. Koshy demonstrated versatility by managing multiple critical functions:

• Health Department operations
• Human Resources management
• Accounts and Establishment oversight
• Audit compliance and monitoring
• CAG (Comptroller and Auditor General) Compliance

Organizational Relationships

The company disclosed that Ms. Koshy has no inter-se relationships with other Directors or Key Managerial Personnel, except for her connection to Shri B. S. Rahul, who serves as CMD of United India Insurance Co. Ltd. and is also a Director of GIC Housing Finance Limited. This relationship stems from their common association with the promoter company, United India Insurance Co. Ltd.

Corporate Governance

The appointment reflects the company's commitment to strengthening its operational leadership with experienced professionals. Ms. Koshy's appointment on deputation from United India Insurance Co. Ltd. indicates continued collaboration between the parent company and its housing finance subsidiary. The disclosure was signed by Nutan Singh, Group Head & Company Secretary, ensuring proper regulatory compliance and transparency in senior management changes.

GIC Housing Finance Limited has announced a senior management change with the cessation of Shri T. Mariraja from his role as Senior Vice President and Head of Operations. The change, disclosed under SEBI regulations on March 30, 2026, is attributed to his repatriation to the company's promoter entity.

Senior Management Transition Details

Shri T. Mariraja will cease to be Senior Vice President and Head of Operations effective from the close of business hours on March 31, 2026. The transition occurs due to his repatriation to United India Insurance Co. Ltd., the promoter company, pursuant to a promotion-cum-placement order.

Regulatory Compliance and Disclosure

The company has made the disclosure pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement also references compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

GIC Housing Finance has confirmed that there are no other material reasons for the senior management personnel change. Given that the change results from repatriation rather than resignation, the requirement for submission of a resignation letter does not apply in this case.

Corporate Structure Context

The repatriation involves movement within the corporate group structure, with United India Insurance Co. Ltd. serving as the promoter company of GIC Housing Finance Limited. This internal transfer represents a promotion-based placement for the senior executive within the broader organizational framework.