Meeting Details

The approval is sought through a Postal Ballot process with electronic voting (e-voting) only. There is no physical meeting. The process is deemed to have been conducted on the last date of e-voting, Thursday, October 22, 2026.

Summary of Proposed Resolution and Implications

The single Ordinary Resolution proposes the appointment of Shri Sandeep Kumar (DIN: 11239285) as a Director and as MD & CEO.

Key Implications:

  • He was appointed as an Additional Director by the Board on August 29, 2026, based on a nomination from Life Insurance Corporation of India (LIC of India).
  • His term is for the period he remains deputed from LIC of India, subject to a maximum period up to June 30, 2028.
  • His remuneration will be determined by the Board based on the recommendation of the Nomination and Remuneration Committee, in accordance with the pay scale and service conditions of his LIC of India cadre, and subject to limits prescribed under the Companies Act, 2013.
  • The appointment ensures leadership continuity following the superannuation of the previous MD & CEO, Shri Tribhuvan Adhikari, on August 28, 2026.

Voting Process and Methods

The voting is to be conducted entirely through remote e-voting. No physical ballot forms are being sent or will be accepted.

  • Cut-off Date: Friday, September 18, 2026.
  • E-voting Period: Commences on Wednesday, September 23, 2026, at 9:00 A.M. (IST) and ends on Thursday, October 22, 2026, at 5:00 P.M. (IST).
  • E-voting Provider: MUFG Intime India Private Limited (RTA) via its InstaVote platform.
  • Login Methods: Detailed instructions are provided for shareholders holding shares in dematerialized mode (via NSDL or CDSL systems) and for those holding shares in physical mode/Non-Individual shareholders (via direct registration on the InstaVote platform).

Key Voting Outcomes and Scrutinizer's Role

The notice states that the results of the postal ballot will be declared on or before Monday, October 26, 2026.

  • A Scrutinizer will be appointed to conduct the e-voting process in a fair and transparent manner.
  • The Scrutinizer will submit a report to the Chairman after completing the scrutiny of the votes.
  • The results will then be communicated to the BSE Limited, the National Stock Exchange of India Limited, the Depositories (NSDL/CDSL), and the e-voting agency (MUFG Intime).
  • The results will also be displayed on the Company's website (www.lichousing.com).
  • The specific vote counts (for, against, total cast) and participation breakdown by shareholder category are not provided in this notice, as the voting has not yet occurred.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • The Companies Act, 2013, and its relevant rules.
  • Regulation 44 of the SEBI LODR Regulations, 2015.
  • The Secretarial Standard on General Meetings (SS-2).
  • Applicable RBI Master Directions governing Housing Finance Companies.
  • The Company's internal 'Fit and Proper' criteria for Directors.

Names and Roles of Signatories

The notice is signed by Ms. Varsha Hardasani, Company Secretary & Compliance Officer of LIC Housing Finance Limited. The covering letter to the exchanges is also signed by her on behalf of the Company.

Other Relevant Information

Company Details:

Profile of Appointee (Shri Sandeep Kumar):

  • Age: 58 years (Date of Birth: June 25, 1968)
  • DIN: 11239285
  • Qualifications: Master's Degree in Mathematics from the University of Delhi.
  • Experience: Over three decades at LIC of India in marketing and administrative functions, including roles as Branch Manager, Senior Divisional Manager, and most recently, Director & CEO of LIC HFL Financial Services Limited.
  • Shareholding: Holds no shares in the Company.
  • Other Directorships: Holds none in any other company.