LIC Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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LIC Housing Finance has announced the results of a postal ballot to approve the appointment of Shri Doraiswamy Ramachandran (DIN: 10358884) as Non-Executive (LIC Nominee) Director and Chairman of the company. The e-voting was held from December 10, 2025 to January 8, 2026, with Mr. Bhargav Pattani of BPP & Co. acting as Scrutinizer. Out of a total of 55,00,63,000 shares, 45,91,20,634 votes (83.47%) were polled, and the resolution was passed with 85.26% votes in favour and 14.74% against. Promoters voted 100% in favour, while public institutions saw 32.21% dissent and public non-institutions overwhelmingly supported the resolution (96.20% in favour).
The shareholder approval confirms the appointment of the new LIC-nominee Chairman, bringing clarity and continuity to board leadership. While promoter and retail shareholders strongly backed the appointment, the notable 32% dissent from public institutions may indicate some investor reservations about board composition.