GIC Housing Finance Limited shareholders approved significant capital raising and governance resolutions at its 36th Annual General Meeting (AGM) held on August 4, 2026. The most material outcome was the authorization for a private placement of redeemable Non-Convertible Debentures (NCDs) or bonds up to an aggregate outstanding limit of ₹2,500 crore, passed as a special resolution. This approval provides the housing finance company with substantial flexibility to raise long-term debt capital to support its lending portfolio growth.

The meeting, conducted via Video Conferencing in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars, also saw shareholders approve material related-party transactions with promoter companies up to an aggregate limit of ₹1,000 crore. This authorization, critical for operational efficiency within the group structure, was considered alongside the adoption of audited financial statements for the fiscal year ended March 31, 2026.

Key Resolutions Passed

The AGM addressed seven items for shareholder approval. While most were ordinary resolutions, two key strategic decisions required special resolution status. The detailed outcomes are summarized below:

Governance and Compliance

The statutory audit reports for FY25-26, issued by both the Statutory Auditor and Secretarial Auditor, contained no qualifications, adverse remarks, or disclaimers. These reports were taken as read by the members. The Company Secretary confirmed that all statutory registers were available for inspection during the virtual meeting.

The Board of Directors remained largely unchanged 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. Other independent directors present included Rani Singh Nair, Vaijinath Gavarshetty, Garimella Nanda Kishore, Sathia Jeeva Krishnan, Damodharan Neelam, and Dinesh Waghela.

Meeting Details

The 36th AGM commenced at 11:30 A.M. IST and concluded at 01:13 P.M. IST. A total of 93 members attended the virtual meeting, satisfying the quorum requirements. Sachindra Salvi, Managing Director & CEO, briefed shareholders on the company’s financial and operational highlights. Members who had not voted via remote e-voting were provided the opportunity to cast votes electronically through M/s. Kfin Technologies Ltd. during the session. The scrutinizer’s report will be submitted to stock exchanges within two working days, in accordance with Regulation 44 of the SEBI Listing Regulations, 2015.

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.