LIC Housing Finance has announced the appointment of four senior management personnel through a circular resolution passed on April 24, 2026. The appointments were made based on the recommendation of the Nomination and Remuneration Committee and are effective from the same date. The company disclosed these changes pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Appointments

The Board of Directors approved the following changes in the Company's Senior Management Personnel:

Profile of New Appointees

Ms. Taruna Malick

Ms. Taruna Malick brings over 30 years of experience in the life insurance industry, having served in leadership roles at the Life Insurance Corporation of India (LIC). She holds a Post Graduate Diploma in Business Management and a Bachelor's degree in Computer Science from the University of Delhi. Her career includes key positions in New Business, Claims, Policy Servicing, Personnel, and Marketing. As Senior Divisional Manager In-charge of Rohtak Division, she led the division to achieve exceptional performance, consistently meeting premium targets and securing a position among the top five divisions in India. Currently, she serves as Regional Manager (CLIA) for the North Zone.

Mr. Vikas Chaturvedi

Mr. Vikas Chaturvedi joined LIC of India as a Direct recruit officer in 1997. He has worked in both Administrative and Marketing wings, with his last assignment in the Investment Front Office as in charge of Equity Dealing. His qualifications include B.Sc, PGDBM, and Fellow of Insurance Institute of India.

Mr. Sudipto Sil

Mr. Sudipto Sil has 29 years of experience, all within LIC Housing Finance. He holds a B.Com (Hons) from St Xavier's College Kolkata and a Master of Financial Management from Jamnalal Bajaj Institute of Management Studies. He is also a Chartered Accountant. His major achievements include fundraising through bond markets over Rs 1.70 lakh crore and ECB USD 200 mn. He has also served as Director on Board of LICHFLAMC Trustee Company. Additional achievements include QIP of USD 135 mn, GDR issue, and acquisition of loan portfolio from HFC/Bank.

Ms. Aruna H Doke

Ms. Aruna H Doke has 27 years of total experience, including 26 years in LIC Housing Finance. She holds a BSC in Statistics and has completed a 3-year Software Development course from NIIT. She has led implementation of digital payment systems including NEFT and RTGS, and managed deployment of enterprise accounting systems including ORION and SAP. Her key achievements include implementing Bank Reconciliation application with 99% auto-reconciliation accuracy and leading end-to-end GST implementation. She has also led digital transformation through online platforms including Online Home Loan Application, Customer Portal, Property Portal, and Deposit Onboarding systems.

Regulatory Compliance

The appointments were communicated to both NSE and BSE through official regulatory filing dated April 24, 2026. The company has provided detailed profiles of all appointees as required under SEBI Master Circular dated January 30, 2026. All four appointments are effective from April 24, 2026, strengthening the company's senior management team across critical business functions including marketing, human resources, project finance, and audit operations.

LIC Housing Finance Limited has notified stock exchanges about a change in its senior management personnel, effective at the close of business hours on April 16, 2026. The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Personnel Change

The company reported the cessation of a key senior management position as part of its regulatory disclosure obligations.

Regulatory Compliance

The notification was submitted to both major stock exchanges where the company's shares are listed. The communication was addressed to the National Stock Exchange of India Limited and BSE Limited, ensuring proper dissemination of the information to market participants.

The disclosure was signed by Varsha Hardasani, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining transparency in corporate governance matters. Such notifications are mandatory under SEBI regulations to keep investors and stakeholders informed about significant changes in senior management positions.