GIC Housing Finance Limited has submitted its 36th Annual Report for FY 2025-26 to the stock exchanges pursuant to Regulation 34(1) and 53(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report includes audited standalone and consolidated financial statements for the year ended March 31, 2026, along with the Business Responsibility and Sustainability Report (BRSR), which incorporates a reasonable assessment of BRSR Core indicators provided by M/s. MMJC Consultancy LLP. The 36th Annual General Meeting is scheduled for August 04, 2026 at 11:30 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Financial and Operational Highlights

The company's key financial metrics for FY 2025-26 are presented below:

The board recommended a final dividend of ₹4.50 per equity share of face value ₹10 each (45%) for FY 2025-26, subject to shareholder approval at the 36th AGM. The total dividend outgo for the year amounts to ₹2,423 Lakhs, unchanged from the previous year, with a dividend payout ratio of 15.68% against 15.13% in the previous year. The company made impairment provisions including write-offs to the extent of ₹6,852 Lakhs during the year, compared to ₹1,652 Lakhs in the previous year.

Resource Mobilisation and Credit Ratings

The company actively diversified its funding sources during the year. Key borrowing details are summarised below:

The company received strong credit ratings from CRISIL Limited and ICRA Limited. CRISIL assigned AA+ (Stable) for long-term bank loans (₹8,100 crores) and NCDs (₹1,530 crores), and A1+ for commercial paper (₹1,500 crores) and short-term bank loans (₹1,000 crores). ICRA similarly assigned [ICRA]AA+ (Stable) for fund-based long-term bank loans (₹9,000 crores) and NCDs (₹1,530 crores), and [ICRA]A1+ for commercial paper (₹1,500 crores) and short-term bank loans (₹1,000 crores).

The 36th AGM agenda includes approval for material related party transactions with promoter companies up to an aggregate limit of ₹1,000 crores, and private placement of Redeemable Non-Convertible Debentures (NCDs)/Bonds up to an aggregate outstanding limit of ₹2,500 crores.

Branch Expansion and Operations

During FY 2025-26, the company opened 12 new branches and 4 new hub offices. As on March 31, 2026, GIC Housing Finance operates through 84 branch offices (including the corporate office), 5 satellite offices, and 7 hub offices across 20 states in India. The subsidiary company, GICHFL Financial Services Private Limited, sourced total disbursements of ₹372 crores during the year.

Employee Statistics and Diversity

As of March 31, 2026, the company had a total workforce of 640 employees, comprising 515 permanent and 125 contractual staff, compared to 553 employees in the previous year. Women constituted 24.69% of the total workforce. The share of women in new recruits stood at 34%, and 2 out of 3 Key Managerial Personnel were women. The permanent employee turnover rate was 9.18% for the year. The Board comprised 13 directors, of whom 3 (23.07%) were women.

Corporate Social Responsibility

The company's CSR obligation for FY 2025-26 was ₹4,75,57,755. Against this, ₹3,25,82,597 was spent on initiatives including medical equipment, transportation solutions for hospitals, RO plants, open gym equipment, and public toilet infrastructure. The unspent amount of ₹1,49,75,158 was transferred to the Unspent CSR Account on April 22, 2026. CSR activities focused on healthcare, education, sanitation, and safe drinking water.

Governance and Board Changes

During FY 2025-26, Shri Sanjay Joshi was appointed as Non-Executive Director effective July 11, 2025, and Shri Dinesh Waghela was appointed as Non-Executive Director effective September 23, 2025. Shri Ajit Kumar Saxena ceased as Independent Director on September 22, 2025 upon completion of tenure, and Shri Ramaswamy Narayan resigned on September 30, 2025 due to superannuation from the promoter company. The board also approved the appointment of Shri Raj Gor as Company Secretary & Compliance Officer effective June 2, 2026, and Smt. Paba Koshy as Chief Financial Officer effective July 1, 2026. The 36th AGM agenda includes re-appointment of Shri Hitesh Joshi and Smt. Rajeshwari Singh Muni as Non-Executive Directors, and re-appointment of Shri Sunil Kakar as Independent Director for a second term of 5 years from August 07, 2026 to August 06, 2031. The company's grievance redressal mechanism received 133 customer complaints during the year, with 7 pending resolution at year-end. The highest authority responsible for business responsibility implementation is Shri Sachindra Salvi, Managing Director & CEO.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE289B01019/dfcae69d-7b14-4c78-a3f9-e6a6fa9878db.pdf

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 and Regulation 51 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: