LIC Housing Finance Limited has announced the re-appointment of Smt. Jagennath Jayanthi as an Independent Director for a second term, demonstrating the company's commitment to maintaining experienced leadership on its board. The re-appointment was approved during the Board of Directors meeting held on January 30, 2026.

Re-appointment Details

The board has approved Smt. Jagennath Jayanthi's re-appointment for a second term following the completion of her initial tenure as an Independent Director on February 4, 2026. The new appointment will be effective from February 5, 2026, for a period of five consecutive years until February 4, 2031.

Regulatory Compliance and Approval Process

The re-appointment has been made pursuant to provisions of Section 149, 152, 161 and other applicable provisions of the Companies Act, 2013, along with Schedule IV to the Companies Act, 2013, and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was taken on the recommendation of the Nomination and Remuneration Committee.

The re-appointment is subject to post facto approval by shareholders through a special resolution to be passed via postal ballot in terms of Regulation 17 (1C) of the SEBI (LODR), 2015. The company must obtain this shareholder approval within three months of the board's decision.

Professional Background and Qualifications

Smt. Jagennath Jayanthi brings extensive experience to the board with over 35 years in the general insurance sector. She began her career in 1985 with The New India Assurance Company Limited as a Direct Recruit Officer and rose to the position of General Manager before superannuating in November 2020.

Key Career Highlights:

• Leadership Roles: Senior Divisional Manager, Chief Regional Manager (Large Corporate and Broker Office – Chennai), Deputy General Manager in charge of Chennai Regional Office
• Technical Expertise: General Manager at Head Office, Mumbai, overseeing Fire, Engineering, Motor and Crop Insurance (PMFBY) portfolios
• Operational Experience: Extensive exposure in handling large corporate accounts, broker management, underwriting, regional administration and technical operations

Board Contributions and Committee Participation

Since joining LIC Housing Finance Limited's board on February 5, 2021, Smt. Jayanthi has actively contributed to various board functions and committees. Her participation spans multiple critical areas of corporate governance:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders' Relationship Committee
• Corporate Social Responsibility Committee
• Special Committee of the Board for Monitoring and Follow-up of cases of Frauds

Through her association with the company, she has gained significant experience in housing finance sector governance, regulatory compliance, risk management and oversight of financial institutions. She has qualified the Independent Directors' proficiency examination conducted by the Indian Institute of Corporate Affairs (IICA) and continues to meet the independence and fit and proper criteria prescribed under applicable laws and regulatory guidelines.

Compliance Confirmations

Smt. Jayanthi has provided requisite disclosures to the company and confirmed that she satisfies the Fit & Proper Criteria of National Housing Bank (NHB) regarding the appointment of directors. Additionally, pursuant to BSE Circular LIST/COMP/14/2018-19 dated June 20, 2018, she has confirmed that she is not debarred from holding the office of director by virtue of any SEBI order or any other authority.

LIC Housing Finance Limited has announced its financial results for the third quarter, reporting a net profit of ₹13.98B compared to ₹14B in the previous year. The company's revenue showed growth, reaching ₹70.5B versus ₹69.5B year-on-year.

Q3 Financial Performance

The housing finance company's latest quarterly results demonstrate mixed performance with revenue growth offsetting a marginal decline in net profit. The net profit of ₹13.98B came close to analyst estimates of ₹13.6B.

Earnings Call and Investor Materials

The company conducted an earnings call on February 2, 2026, at 11:30 AM IST to discuss the unaudited financial results for the third quarter ended December 31, 2025. The conference call was hosted by Axis Capital and featured senior management including Mr. Tribhuwan Adhikari (MD & CEO) and Mr. Lokesh Mundhra (CFO).

Following the earnings call, LIC Housing Finance has uploaded the investor presentation and conference call audio recording on its website under Regulation 46 of SEBI (LODR) regulations, 2015.

Regulatory Compliance

The company has fulfilled its disclosure obligations by uploading the earnings call materials on February 2, 2026. Company Secretary and Compliance Officer Varsha Hardasani communicated this compliance to both NSE and BSE, ensuring transparency for investors and analysts who participated in the Q3FY26 earnings discussion.

Performance Analysis

While the company experienced a slight decline in net profit from ₹14B to ₹13.98B year-on-year, the revenue growth from ₹69.5B to ₹70.5B indicates continued business expansion. The actual net profit exceeded analyst estimates of ₹13.6B, suggesting better-than-expected performance despite the year-on-year decline.