LIC Housing Finance Limited has successfully completed its postal ballot process for the re-appointment of Smt. Jagennath Jayanthi (DIN: 09053493) as an Independent Director. The scrutinizer's report, submitted on March 13, 2026, confirms overwhelming shareholder approval with 96.18% votes in favor of the special resolution.

Postal Ballot Process and Timeline

The postal ballot was conducted under the supervision of Mr. Bhargav Pattani, Partner of M/s. BPP & Co., Company Secretaries, who was appointed as Scrutinizer by the Board of Directors on January 30, 2026. The process was carried out in compliance with Section 108 & 110 of the Companies Act, 2013, and relevant SEBI regulations.

Detailed Voting Results

The special resolution received strong support across all shareholder categories. The comprehensive voting breakdown demonstrates clear approval from the shareholder community for the re-appointment.

Additionally, 10 shareholders' votes totaling 586 votes were declared invalid or abstained from the voting process.

Regulatory Compliance and Publication

The company ensured proper compliance with regulatory requirements by publishing advertisements in multiple newspapers on February 12, 2026. The publications included major financial dailies and regional newspapers across various editions.

The e-voting facility was provided through Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL), accommodating both demat and physical shareholding modes. The vote unblocking process was witnessed by two independent witnesses, Mrs. Darshana Pattani and Mrs. Gayatri Kanegaonkar, ensuring transparency in the proceedings.

Resolution Outcome and Impact

The special resolution was passed with requisite majority, confirming the re-appointment of Smt. Jagennath Jayanthi as an Independent Director of the company. The overwhelming 96.18% approval rate reflects strong shareholder confidence in the board's composition and governance structure. The scrutinizer's report was digitally signed and submitted on March 13, 2026, completing the formal postal ballot process in accordance with SEBI (LODR) Regulations, 2015.

LIC Housing Finance has scheduled a board meeting for March 25, 2026, at 2:30 PM to consider and approve the company's borrowing budget for the fiscal year 2026-27. The meeting notice was issued on March 13, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting will focus on evaluating and finalizing the comprehensive borrowing budget for FY 2026-27. The directors will deliberate on various funding methods and financing strategies to meet the company's operational and growth requirements for the upcoming fiscal year.

Comprehensive Funding Strategy

The board will consider multiple financing instruments and funding mechanisms for the borrowing budget. The company plans to explore various options to optimize its capital structure and maintain financial flexibility.

Regulatory Compliance and Transparency

The meeting notice has been made available on the company's official website at www.lichousing.com , as well as on the BSE and NSE websites. This demonstrates the company's commitment to transparency and regulatory compliance. The notice was signed by Varsha Hardasani, Company Secretary and Compliance Officer, ensuring proper corporate governance procedures are followed.

Strategic Financial Planning

This proactive approach to financial planning reflects LIC Housing Finance's commitment to ensuring adequate liquidity and funding availability for FY 2026-27. The comprehensive evaluation of various funding methods indicates the company's focus on optimizing its capital structure while maintaining operational flexibility to support business growth and strategic initiatives.