LIC Housing Finance Limited has informed the Exchange regarding Cessation of Sankar Parida as Other of the company w.e.f. April 17, 2025.
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LIC Housing Finance Limited has informed the stock exchange that Sankar Parida has ceased to be a director in the 'Other' category of the company with effect from April 17, 2025. No reason for the cessation has been disclosed in this filing. The 'Other' category typically refers to non-executive, non-independent directors such as nominee or institutional representatives on the board.
This is a routine board-level governance update and does not directly affect the company's operations, financials, or shareholder value. Investors should watch for any related disclosure explaining the reason behind the departure if it involves a key role.