LIC Housing Finance Shareholders Approve New Chairman Appointment Through Postal Ballot

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.

Parameter	Details
Voting Period	December 10, 2025 (9:00 AM) to January 8, 2026 (5:00 PM)
Record Date	December 5, 2025
Total Shareholders	362,564
Resolution Type	Ordinary Resolution
Scrutinizer	Mr. Bhargav Pattani, BPP & Co.

Voting Statistics and Results

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

Voting Details	Numbers	Percentage
Total Shares Outstanding	550,063,000	100.00%
Total Votes Polled	459,120,634	83.47%
Votes in Favour	391,441,056	85.26%
Votes Against	67,679,578	14.74%
Invalid Votes	0	0.00%

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

Metric	Value
Shares Held	248,842,495
Votes Polled	248,842,495 (100.00%)
Votes in Favour	248,842,495 (100.00%)
Votes Against	0 (0.00%)

Public Institutions

Metric	Value
Shares Held	232,549,890
Votes Polled	210,113,399 (90.35%)
Votes in Favour	142,440,088 (67.79%)
Votes Against	67,673,311 (32.21%)

Public Non-Institutions

Metric	Value
Shares Held	68,670,615
Votes Polled	164,740 (0.24%)
Votes in Favour	158,473 (96.20%)
Votes Against	6,267 (3.80%)

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	-1.48%	+0.98%	-12.77%	-9.43%	+19.39%

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.

Voting Parameter	Details
Voting Period	December 10, 2025 (9:00 AM) to January 8, 2026 (5:00 PM)
Record Date	December 5, 2025
Total Shareholders	362,564
Total Shares	550,063,000
Votes Polled	459,120,634 (83.47% participation)

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.

Vote Type	Number of Votes	Percentage
Votes in Favour	391,441,056	85.26%
Votes Against	67,679,578	14.74%
Total Votes	459,120,634	100.00%

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.