LIC Housing Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
LICHSGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LIC Housing Finance Limited held its 36th Annual General Meeting on August 29, 2025, via video conference with 95 shareholders present in person. The company currently has no Chairman, so Shri Ratnakar Patnaik (LIC nominee director) was elected by the board to preside over the meeting. Shareholders approved 11 resolutions, including a final dividend of Rs. 10 per equity share for FY25, adoption of audited financial statements, re-appointment of Shri Akshay Kumar Rout as director, and appointment of new Joint Statutory Auditors (Shah Gupta & Co. and Batliboi & Purohit) for a 3-year term. Other key approvals included related party transactions with promoter LIC of India up to Rs. 6,000 crore, appointment of two new Independent Directors, continuation of LIC's special rights as promoter under SEBI Regulation 31B, and authorization for the Board to raise up to Rs. 54,000 crore through Redeemable Non-Convertible Debentures on private placement. Voting results will be announced within 2 working days.
Positive for shareholders — confirmation of Rs. 10 dividend and a large Rs. 54,000 crore debt-raising authorisation signals continued business expansion. The Board also continues to function without a permanent Chairman, which may be a minor governance watchpoint.