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 received strong shareholder support, with the resolution passing by a significant majority. The voting process was conducted entirely through electronic means, ensuring transparency and efficiency in the corporate governance process.

Detailed Voting Results

The resolution for appointing Shri Doraiswamy Ramachandran (DIN: 10358884) as Non-Executive LIC Nominee Director and Chairman received overwhelming approval from shareholders across different categories.

Category-wise Voting Pattern

The voting pattern showed varying levels of support across different shareholder categories:

Promoter and Promoter Group:

• Total shares: 248,842,495
• Votes polled: 248,842,495 (100.00% participation)
• Support: 100.00% in favour

Public Institutions:

• Total shares: 232,549,890
• Votes polled: 210,113,399 (90.35% participation)
• Support: 67.79% in favour, 32.21% against

Public Non-Institutions:

• Total shares: 68,670,615
• Votes polled: 164,740 (0.24% participation)
• Support: 96.20% in favour, 3.80% against

Scrutinizer and Process Details

The postal ballot was conducted under the supervision of Mr. Bhargav Pattani, Partner of BPP & Co., Company Secretaries, Pune, who served as the appointed scrutinizer. The e-voting process was facilitated by MUFG Intime India Private Limited, ensuring a secure and transparent voting mechanism.

Key process highlights included:

• Advertisement published in multiple newspapers on December 10, 2025
• E-voting facility extended to shareholders through CDSL and NSDL
• Votes unblocked on January 8, 2026, witnessed by independent witnesses
• No invalid votes recorded during the process

Corporate Governance Compliance

The postal ballot was conducted in compliance with Section 108 & 110 of the Companies Act, 2013, and Rule 20 & 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

The successful completion of this postal ballot enables Shri Doraiswamy Ramachandran to assume his role as Non-Executive Director and Chairman of LIC Housing Finance Limited, marking an important milestone in the company's leadership structure.

LIC Housing Finance Ltd. recorded a significant block trade on the National Stock Exchange (NSE) worth ₹16.06 crores. The transaction represents a notable institutional activity in the housing finance company's shares.

Block Trade Details

The block trade executed on NSE involved substantial volume and value, demonstrating institutional interest in the housing finance sector.

Market Significance

Block trades typically indicate institutional activity and represent large-volume transactions executed outside regular market trading mechanisms. These transactions are designed to minimize market impact while facilitating significant share transfers between institutional participants.

The execution price of ₹530.50 per share reflects the prevailing market conditions at the time of the transaction. Such block deals often involve mutual funds, insurance companies, foreign institutional investors, or other large market participants looking to adjust their portfolio positions.

About the Transaction

The ₹16.06 crore transaction value demonstrates the scale of institutional participation in LIC Housing Finance shares. Block trades are typically pre-negotiated between parties and executed through special trading windows provided by stock exchanges to accommodate large-volume requirements without disrupting regular market operations.