LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr V.K. Kukreja as Non- Executive Independent Director of the company w.e.f. Jun 29, 2025.
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LIC Housing Finance Limited has informed the stock exchanges that Mr. V.K. Kukreja (DIN: 01185834) has ceased to be a Non-Executive Independent Director with effect from the close of business on June 29, 2025. The cessation is on account of the completion of two consecutive terms of five years each (i.e., 10 years in total) as an Independent Director, in line with Section 149(11) of the Companies Act, 2013. This is a routine end-of-tenure exit and is not linked to any resignation, removal, or governance issue. The disclosure was made under Regulation 30 of SEBI's Listing Regulations.
This is a routine, regulatory-driven exit with no negative signal for the company or shareholders. Investors should watch for the appointment of a replacement independent director, as board composition changes at large housing finance companies are monitored, but no immediate impact on operations or stock price is expected.