GIC Housing Finance Limited secured shareholder approval for a private placement of redeemable Non-Convertible Debentures (NCDs) up to an aggregate outstanding limit of ₹2,500 crore during its 36th Annual General Meeting (AGM) held on August 4, 2026. The meeting also approved material related-party transactions with promoter companies up to ₹1,000 crore and the re-appointment of key directors. This capital authorization enhances the housing finance company’s ability to fund portfolio growth while maintaining liquidity flexibility in the current market environment.

The AGM commenced at 11:30 A.M. IST and concluded at 01:13 P.M. IST via Video Conferencing, complying with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars. Alifya Sapatwala of Mehta & Mehta Company Secretaries served as the scrutinizer, confirming the validity of the remote e-voting process conducted through M/s. KFin Technologies Ltd. The voting window ran from July 31, 2026, to August 3, 2026.

Key Resolutions Approved

Shareholders provided near-unanimous support for all agenda items. The special resolution for the ₹2,500 crore NCD placement received 99.99% support. Approval for material related-party transactions required abstention from promoter votes due to conflict of interest, resulting in a 99.74% approval rate from public shareholders alone. The adoption of FY26 financial statements and dividend declaration also passed with overwhelming majority votes.

Governance and Director Attendance

The Board of Directors remained stable following the re-appointments. Hitesh Joshi continues as Chairman and Non-Executive Director, while Rajeshwari Singh Muni retains her position as Non-Executive Director. Sunil Kakar was re-appointed as an Independent Director under a special resolution, ensuring compliance with SEBI Listing Regulations regarding independent director tenure. Sachindra Salvi, Managing Director & CEO, addressed shareholders on financial highlights.

Compliance and Audit Status

The statutory audit reports for FY26, issued by the Statutory Auditor and Secretarial Auditor, contained no qualifications or adverse remarks. The submission of these proceedings was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer’s report, submitted under Regulation 44, confirms adherence to Section 108 of the Companies Act, 2013. Two independent witnesses verified the unblocking of vote data from the KFintech platform to ensure procedural integrity.

GIC Housing Finance has appointed Asit Kumar Nandi as its Chief Compliance Officer, effective August 03, 2026. The company disclosed the change in senior management personnel to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on the same day, confirming that Nandi assumed charge at 09:30 AM. This appointment follows an earlier intimation issued by the company on July 14, 2026, regarding the planned hiring.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 51. The filing also referenced SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026. The company stated that the details submitted in the earlier intimation remain applicable to this appointment.

Appointment Details

The announcement was signed by Raj Gor, Group Head and Company Secretary of GIC Housing Finance. The digital signature timestamp for the NSE submission indicates it occurred on August 03, 2026, at 11:48:24 IST. The company did not disclose any changes to the remuneration or specific responsibilities beyond the standard role of a Chief Compliance Officer as per the earlier filing.