GIC Housing Finance corrects NCD redemption disclosure to Nil

1 min read     Updated on 23 Jun 2026, 01:29 AM
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Suketu GScanX News Team
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GIC Housing Finance corrected a disclosure stating the outstanding NCD amount is Nil, not INR 300 Crore, after fully redeeming the NCD with scrip code 976181.

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GIC Housing Finance has corrected a previous regulatory filing regarding the redemption of its Non-Convertible Debentures (NCDs). In a corrigendum submitted to the National Stock Exchange of India Ltd., the company clarified that the outstanding amount under Point C, Sr. No. 12 should be read as Nil. This correction follows the full redemption of the NCD bearing scrip code 976181.

The earlier disclosure dated June 19, 2026 had erroneously stated the outstanding amount as INR 300 Crore. The company confirmed that this was an inadvertent reporting error based on details received from the concerned department. All other contents of the original disclosure remain unchanged.

GIC Housing Finance stated that the error has no impact on its financial position, operations, or any other material aspect. The intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the key details of the correction:

Detail Status
Scrip Code 976181
Outstanding Amount (Corrected) Nil
Outstanding Amount (Previously Reported) INR 300 Crore
Redemption Status Fully Redeemed

The corrigendum was signed by Raj Gor, Group Head & Company Secretary, on June 22, 2026.

Historical Stock Returns for GIC Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+0.69%+3.70%+10.84%-6.00%-10.27%+11.21%

What measures will GIC Housing Finance implement to prevent similar inadvertent reporting errors in future regulatory filings?

How might this correction influence investor perception regarding the company's internal compliance and governance standards?

Will this filing error trigger any review or scrutiny from SEBI regarding the company's disclosure practices?

Oriental Insurance declares no encumbrance on GIC Housing shares

0 min read     Updated on 16 Jun 2026, 01:39 AM
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The Oriental Insurance Company Limited disclosed holding 29,75,024 equity shares in GIC Housing Finance Limited as of March 31, 2026. It confirmed no new encumbrances on these shares, excluding those already disclosed in FY26, under SEBI takeover regulations.

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The Oriental Insurance Company Limited has confirmed to the stock exchanges that it held 29,75,024 equity shares in GIC Housing Finance Limited as of March 31, 2026. The declaration, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, addresses the status of encumbrances on this shareholding.

The insurer stated that it, along with persons acting in concert, has not created any encumbrance over the shares held directly or indirectly. This confirmation excludes any encumbrances that were already disclosed during the financial year ended March 31, 2026. The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited.

The filing was signed by Nidali Agarwal, Company Secretary of The Oriental Insurance Company Limited. A copy of the declaration was also marked to the Company Secretary of GIC Housing Finance Limited.

Historical Stock Returns for GIC Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+0.69%+3.70%+10.84%-6.00%-10.27%+11.21%

Does Oriental Insurance intend to increase its stake in GIC Housing Finance in the upcoming fiscal year?

How will this unencumbered shareholding impact GIC Housing Finance's governance and strategic decisions?

Could this disclosure signal potential mergers or acquisitions involving GIC Housing Finance?

More News on GIC Housing Finance

1 Year Returns:-10.27%