Submission of Annual Report for the FY 2024-25.
GICHSGFIN · price
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GIC Housing Finance has submitted its 35th Annual Report for FY 2024-25 along with the AGM notice to BSE under SEBI Listing Regulations. The 35th Annual General Meeting is scheduled for August 19, 2025 at 11:30 a.m. via video conferencing. The Board has recommended a dividend of ₹4.50 per equity share (45%) for FY25, with payment expected on August 25, 2025 to shareholders on record as of July 18, 2025. The AGM agenda includes re-appointment of two non-executive directors, appointment of a new statutory auditor (M/s. Gokhale & Sathe replacing M/s. Chandabhoy & Jassoobhoy), appointment of a new secretarial auditor, and approval for material related party transactions with promoter companies up to ₹1,000 crores. Shareholders will also be asked to approve private placement of redeemable NCDs/bonds up to an aggregate outstanding limit of ₹2,500 crores, within the overall borrowing cap of ₹17,000 crores.
Eligible shareholders will receive a ₹4.50 per share dividend on August 25, 2025, subject to tax deduction. The proposed NCD borrowing limit of ₹2,500 crores signals continued fund-raising plans to support lending growth, which could dilute existing debt holders if not managed within prudential limits.