LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr Ameet N. Patel as Non- Executive Independent Director of the company w.e.f. August 18, 2025.
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LIC Housing Finance has informed the stock exchanges that Mr. Ameet N. Patel (DIN-00726197) ceased to be a Non-Executive Independent Director of the company with effect from August 18, 2025. This is because he completed two consecutive terms of five years each as an Independent Director, reaching the maximum tenure allowed under Section 149(11) of the Companies Act, 2013. No reasons other than the statutory tenure cap have been cited. The disclosure is filed under SEBI Listing Regulations along with the required Annexure A details.
This is a routine, planned cessation due to completion of the maximum permitted tenure as an Independent Director. It is not triggered by any governance issue or resignation, and is unlikely to have any material impact on the stock price or shareholder interests.