LIC Housing Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
LICHSGFIN · price
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Awaiting price reaction for this filing.
LIC Housing Finance has informed the stock exchanges that Shri Ameet N. Patel (DIN-00726197) has completed two consecutive 5-year terms (10 years total) as an Independent Director on the company's Board. His tenure ended at the close of business on 18th August 2025, which is the maximum period allowed under Section 149(11) of the Companies Act, 2013. No new appointment is mentioned in this filing — it is purely a disclosure of cessation due to the end of his eligible tenure.
This is a routine, regulatory-driven change and is not a surprise event. An independent director stepping down after completing the maximum tenure is a normal governance process and is unlikely to have any meaningful impact on the stock price or business operations.