GIC Housing Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance has informed the stock exchange that Shri A. K. Saxena (DIN: 05308801) has ceased to be an Independent Director of the company with effect from the close of business hours on September 22, 2025. This is because his second consecutive 3-year term, which ran from September 23, 2022 to September 22, 2025, has come to an end. As a result, he has also stepped down as member/chairman of the Board's committees. The company has placed on record its appreciation for his contribution during his tenure. No replacement appointment has been mentioned in this filing.
This is a routine end-of-tenure exit of one independent director and is unlikely to have any material impact on the stock price. Shareholders may want to watch for a separate announcement regarding the appointment of a new independent director to fill the vacancy and maintain board composition.