GIC Housing Finance Limited has informed the Exchange regarding Notice of Postal Ballot
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance Limited has issued a Postal Ballot notice seeking shareholder approval for the appointment of Shri Dinesh Waghela (DIN 08072065) as a Non-Executive Independent Director. He was first appointed as an Additional Director on September 23, 2025, and the postal ballot is to regularize his appointment for a full 5-year term ending September 22, 2030. Waghela is a 63-year-old finance professional with over 35 years of experience in insurance and reinsurance, having previously served as CFO of New India Assurance Company and Oriental Insurance Company. Remote e-voting will run from October 1 to October 30, 2025, and results will be declared within 2 working days of the voting period ending.
This is a routine regulatory filing to formalize an independent director's appointment through shareholder approval. The new director brings deep insurance and finance expertise to the board, but the appointment is not expected to materially affect the stock price in the short term.