GIC Housing Finance has issued a postal ballot notice seeking shareholder approval for material related party transactions with promoter group companies up to an aggregate limit of ₹1,000 crore. The approval is valid for one year from the date of passing the resolution.

The company also seeks approval for the appointment of Smt. Arumugam Manimekhalai as a non-executive independent director. Remote e-voting will commence on August 28, 2026, and conclude on September 26, 2026.

Related Party Transaction Details

The proposed transactions involve raising funds through the issuance of Non-Convertible Debentures (NCDs), payment of interest, redemption of principal, and other services with promoter group companies. These transactions are expected to occur in the ordinary course of business on an arm’s length basis.

The company noted that Agriculture Insurance Company of India Limited (AICL), a promoter group entity, acquired listed NCDs through secondary market transactions. Consequently, GIC Housing Finance paid ₹54.14 crore towards interest and redemption to AICL subsequent to June 30, 2026.

Independent Director Appointment

Smt. Arumugam Manimekhalai (DIN: 08411575) has been appointed as an additional director by the Board, subject to shareholder approval. She will serve a five-year term from September 26, 2026, to September 25, 2031.

Manimekhalai brings over three decades of banking experience, including her tenure as Managing Director and CEO of Union Bank of India from 2022 to 2025. She currently serves as an independent director at General Insurance Corporation of India and Muthoot Capital Services Limited.

Voting Process

Shareholders holding shares as on the cut-off date of August 21, 2026, are eligible to vote. The voting process will be conducted exclusively through remote e-voting via KFin Technologies Ltd. Results will be declared within two working days of the voting period's conclusion.

GIC Housing Finance completed the full redemption of ₹300 crore in Non-Convertible Debentures (NCDs) on August 21, 2026. The NBFC also paid accrued interest of ₹24.84 crore for the series, bringing the outstanding amount to nil.

The transaction relates to NCDs with ISIN INE289B07099, listed on the BSE under scrip code 976182. The company confirmed that both the principal repayment and interest payment were made on the due date, adhering to the maturity schedule.

Transaction Details

The redemption was executed as a full maturity event rather than a partial buyback or premature call. The interest payment followed an annual frequency structure, with the record date set for August 6, 2026.

The last interest payment for this series was recorded on August 21, 2025. There were no delays or non-payment issues associated with this tranche.

Regulatory Compliance

The disclosure was made under Regulations 30 and 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references Chapter XI, Clause 2.2 of the SEBI Master Circular dated July 11, 2025, which mandates certificates regarding payment status within one working day of interest or principal becoming due.

Raj Gor, Group Head and Company Secretary, signed the intimation submitted to the BSE.