GIC Housing Finance appoints Paba Koshy as CFO from July 1

GIC Housing Finance announced a change in its Key Managerial Personnel effective June 30, 2026, with Smt. Varsha Godbole ceasing to hold the office of Chief Financial Officer following the expiry of her fixed-term contract. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The cessation took effect at the close of business hours on June 30, 2026. Further to a previous disclosure dated May 15, 2026, regarding the outcome of a Board Meeting, the company informed the exchanges about the succession plan.

Change in Key Managerial Personnel

Ms. Paba Koshy has been appointed as the new Chief Financial Officer with effect from July 1, 2026, succeeding Smt. Varsha Godbole. The disclosure was submitted to BSE Limited and included details regarding the scrip codes for Equity and NCDs. The following table summarises the key details of the personnel change:

Sr. No	Particulars	Details
a)	Reason for Change	Cessation of Smt. Varsha Godbole from the position of Chief Financial Officer w.e.f. closure of working hours on June 30, 2026.
b)	Date of Cessation	Cessation consequent to the expiry of the fixed-term contract, with effect from the close of business hours on June 30, 2026.
c)	New Appointee	Ms. Paba Koshy, appointed as Chief Financial Officer with effect from July 1, 2026.
d)	Brief Profile	Not Applicable
e)	Disclosures of Relationship Between Directors	Not Applicable
f)	Letter of Resignation	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.78%	-1.24%	+1.71%	-14.70%	-22.01%	-18.57%

GIC Housing Finance Ltd has approved the Key Information Document (KID) for raising funds through the issue of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures on a Private Placement basis. The decision was taken by the Board of Directors during a meeting held on June 29, 2026. This move allows the company to secure capital through debt instruments as per the SEBI (NCS) Regulations, 2021.

The Board's approval covers the framework for the issuance, ensuring compliance with regulatory requirements. The debentures will be secured and redeemable, offering a structured investment option. The company stated that additional information, as per SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, will be provided at the time of the actual issue of the NCDs or Bonds during the year.

The meeting, which commenced at 3.00 P.M. and concluded at 04:26 P.M., was convened under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcome has been disseminated to BSE Limited and the National Stock Exchange of India Limited, where the company's equity and various debt instruments are listed.

Key Details of the Approval

Aspect	Details
Instrument	Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures
Basis of Issue	Private Placement
Regulatory Framework	SEBI (NCS) Regulations, 2021
Meeting Date	June 29, 2026

The intimation regarding the outcome of the Board meeting has been made available on the company's official website. The specific coupon rates and tenor of the debentures are expected to be disclosed closer to the date of the actual issue, in line with the regulatory circular referenced by the company.