LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr Debakanta Padhi as General Manager of the company w.e.f. April 16, 2026.
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LIC Housing Finance Limited has announced the cessation of Shri Debakanta Padhi from the position of General Manager, effective April 16, 2026. He was handling HR, Staff Discipline and Legal functions. The reason stated is that he has been repatriated back to LIC of India, which is the parent company of LIC Housing Finance. This is a routine personnel movement from the subsidiary back to the parent entity. The company has informed both NSE and BSE of this change as per SEBI Listing Regulations.
This is a routine administrative change reflecting personnel flow between LIC and its subsidiary. No material impact expected on company operations or stock performance as the individual held an operational role and the reason is a standard inter-company transfer.