Key Event Details
Shri B. B. Phonde, Senior Vice President and Head of HR & Admin Dept. (Senior Management Personnel) of GIC Housing Finance Ltd., has been repatriated to The New India Assurance Co. Ltd., the Promoter Company. This action is pursuant to a transfer order from the promoter company.
Effective Date of Cessation
The cessation is effective from the close of business hours on November 03, 2026.
Reason for Change
The change is solely due to repatriation to the promoter company. The company confirms there is no other material reason for this change. Since the change is due to repatriation, the requirement for submission of a resignation letter is not applicable.
Additional Information
Annexure-A provides structured information as required by SEBI Master Circular:
- Reason for Change: Cessation due to repatriation to The New India Assurance Co. Ltd.
- Date of Cessation: November 03, 2026
- Brief Profile: Not applicable (NA)
- Disclosures of relationship between directors: Not applicable (NA)
Financial Impact
No financial impact disclosed in the filing.
Submitted By
Raj Gor, Group Head & Company Secretary
#Tags: #GICHousingFinance #ManagementChange #SEBIRegulation30 #RegulatoryCompliance #Neutral