LIC Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 29, 2025. Further, the company has informed the Exchange regarding voting results.
LICHSGFIN · price
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LIC Housing Finance held its 36th AGM on August 29, 2025 via video conferencing, where all 11 resolutions were passed. Key items approved include a final dividend of Rs. 10 per equity share for FY25, adoption of audited financial statements, appointment of Shah Gupta & Co. and Batliboi & Purohit as joint statutory auditors, and BNP & Associates as secretarial auditors for five years. Shareholders also approved raising up to Rs. 54,000 crore through redeemable non-convertible debentures (NCDs) or other instruments on a private placement basis, and continuation of LIC's special rights as promoter under SEBI's Regulation 31B. Three directors were appointed, including two independent directors (Shri P. Masil Jeya Mohan and Shri T.C. Suseel Kumar) and a LIC nominee (Shri Ratnakar Patnaik), while Shri Akshay Rout was re-appointed via rotation. Of 372,519 shareholders, 95 attended via video conferencing, and approximately 81% of total equity shares were voted.
The Rs. 54,000 crore NCD borrowing approval signals substantial near-term fundraising to support the company's housing finance growth, which could slightly pressure leverage ratios but supports business expansion. The Rs. 10 dividend reaffirms shareholder returns. Worth noting: public institutional investors showed notable dissent (20-45%) on some director appointments, suggesting governance scrutiny, though all resolutions passed comfortably.