LICHSGFINNSELIC Housing Finance Limited· Finance - HousingMediumNeutral
Announced Wed, 25 Mar · 21:54 IST

LIC Housing Finance Limited has informed the Exchange regarding Appointment of Mr Jimit Narendra Shah as Other of the company w.e.f. April 10, 2026.

Management Changes View source PDF

LICHSGFIN · price

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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹496.25
prior close
₹500.00
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AI summary

LIC Housing Finance has informed the stock exchanges about two changes to its senior management team, approved by the Board on March 25, 2026. Mr. Jimit Narendra Shah has been appointed as the Chief Information Security Officer (CISO) with effect from April 10, 2026; he currently serves as CISO at Aditya Birla Housing Finance and brings over 15 years of experience in cyber security, GRC, and technology risk management. Separately, the tenure of Mr. J. Sangameswar as Chief Risk Officer (CRO) has been extended for a two-year period from May 9, 2026 to April 30, 2028. The appointments and extension were made on the recommendation of the Nomination and Remuneration Committee.

Likely market impact

These are routine senior management changes with no immediate material impact on operations or shareholders. The CISO appointment strengthens the company's cyber security leadership, while the CRO extension provides continuity in risk management — both are positive for governance and regulatory compliance.