LIC Housing Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on March 25, 2026.
LICHSGFIN · price
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The Board of LIC Housing Finance approved a borrowing budget of Rs. 1,27,000 crore for FY 2026-27 to be raised through various instruments including NCDs, bonds, commercial paper, external commercial borrowings, deposits, and securitization. This includes a proposed fund raise of up to Rs. 35,000 crore through redeemable NCDs in multiple tranches. The Board also extended the tenure of Mr. J. Sangameswar as Chief Risk Officer for two more years until April 30, 2028. Additionally, Mr. Jimit Narendra Shah was appointed as the Chief Information Security Officer for a three-year term starting April 10, 2026.
The large borrowing budget signals continued business expansion plans for the housing finance company, though it also means higher debt obligations ahead. For shareholders, the key thing to watch is how this borrowing is priced and deployed into loans. Leadership continuity in risk management and a new CISO appointment reflect stable governance.