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 successfully completed its postal ballot process for the appointment of Shri Doraiswamy Ramachandran as Non-Executive Director and Chairman. The company announced the results on January 9, 2026, following the conclusion of the voting period on January 8, 2026.

Postal Ballot Results Overview

The postal ballot process received strong shareholder participation, with significant support for the proposed appointment. The voting was conducted entirely through electronic means, ensuring transparency and efficiency in the process.

Voting Statistics and Results

The shareholders demonstrated strong confidence in the proposed leadership change, with the resolution passing by a substantial margin.

Category-wise Voting Pattern

The voting pattern showed varied participation across different shareholder categories, with institutional investors demonstrating higher engagement levels.

Promoter and Promoter Group

Public Institutions

Public Non-Institutions

Process and Compliance

The postal ballot was conducted in strict compliance with regulatory requirements under the Companies Act, 2013, and SEBI regulations. Mr. Bhargav Pattani of BPP & Co., Company Secretaries, served as the scrutinizer, ensuring the process's fairness and transparency. The company published advertisements in multiple newspapers on December 10, 2025, including Free Press Journal, Navshakti, The Economic Times, Business Standard, and Maharashtra Times in English, Hindi, and Marathi languages.

The e-voting facility was provided through MUFG Intime India Private Limited, allowing shareholders to vote remotely. The scrutinizer's report confirmed that no votes were declared invalid, and the entire process was witnessed by independent witnesses Mrs. Darshana Pattani and Mr. Omkar Vetal.

Leadership Transition

With the approval of this resolution, Shri Doraiswamy Ramachandran (DIN: 10358884) will assume the role of Non-Executive Director and Chairman of LIC Housing Finance Limited. As an LIC nominee director, he will not be liable to retire by rotation, providing stability to the company's leadership structure. The overwhelming shareholder support, particularly the unanimous backing from the promoter group, demonstrates confidence in the new leadership appointment.