GIC Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 19, 2025. Further, the company has informed the Exchange regarding voting results.
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance Limited held its 35th AGM on August 19, 2025, via video conferencing, where all 10 resolutions were passed with overwhelming shareholder support. Key items approved include the adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend for the year ended March 31, 2025, re-appointment of directors B.S. Rahul, Girija Subramanian, and N. Damodharan, and appointment of Sanjay Joshi as a new Non-Executive Director. Shareholders also approved the appointment of Gokhale & Sathe as Statutory Auditors and Mehta & Mehta as Secretarial Auditors. Two special resolutions were passed: one approving material related party transactions with promoter companies up to Rs. 1,000 crores, and another authorising private placement of redeemable NCDs/bonds up to an aggregate outstanding limit of Rs. 2,500 crores. Voting participation stood at roughly 49.9% of outstanding shares, with each resolution receiving between 99.31% and 99.98% approval.
Routine procedural filing — all resolutions passed comfortably with near-unanimous support, signalling smooth governance. Shareholders get clarity on the FY25 dividend and a confirmed Rs. 2,500 crore NCD issuance window, which supports the company's future borrowing plans.