LIC Housing Finance Limited has informed the Exchange regarding Appointment of Mr Masil Jeya Mohan as Non- Executive Independent Director of the company w.e.f. Jun 02, 2025.
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LIC Housing Finance Limited has appointed Mr. Masil Jeya Mohan (DIN 08502007) as an Additional Non-Executive Independent Director with effect from June 2, 2025. The appointment is for a first term of 5 consecutive years, subject to shareholder approval within three months. Mr. Mohan is a retired LIC of India executive, having served as Executive Director (Investment) and Chief Investment Officer at LIC, with deep experience in treasury, investment management, and the LIC IPO process. He is not related to any promoters or directors of the company and is not debarred by SEBI from holding directorship.
This is a routine independent director appointment that strengthens the board with an experienced investment and insurance professional. No material impact on shareholders or stock price is expected; the appointment still requires shareholder confirmation within three months.