Item No. 1: Appointment of Smt. Arumugam Manimekhalai as Non-Executive Independent Director
Resolution Type: Special Resolution
Director Details: Smt. Arumugam Manimekhalai (DIN: 08411575)
Appointment Term: 5 consecutive years from September 26, 2026 to September 25, 2031
Current Status: Appointed as Additional Director by Board on September 26, 2026
Qualifications: MBA (Marketing), Diploma in HR Management, CAIIB
Experience: Seasoned banker with over three decades of experience, former MD & CEO of Union Bank of India (2022-2025), former Executive Director at Canara Bank
Current Directorships: Non-Executive Independent Director at Muthoot Capital Services Limited (Member of Audit Committee and Stakeholder Relationship Committee)
Remuneration: Sitting fees for Board/Committee meetings and nominal memento/gift
Shareholding: Nil in GIC Housing Finance
Item No. 2: Approval for Material Related Party Transactions with Promoter Group Companies
Resolution Type: Ordinary Resolution
Transaction Value: Aggregate limit of ₹1,000 crore
Duration: One year from date of shareholder approval
Nature of Transactions: Raising funds through NCD issuance, payment of interest, redemption of principal, availing/rendering services
Promoter Group Companies: 12 entities including Agriculture Insurance Company of India Limited, Health Insurance TPA of India Ltd., Industrial Credit Company Limited, etc.
Rationale: Transactions may occur in ordinary course of business when promoter group companies acquire listed NCDs through secondary market transactions
Existing NCD Exposure: Approximately ₹700 crore scheduled for redemption up to August 2027
Recent Transaction: Paid ₹54.14 crore to Agriculture Insurance Company of India Limited for interest and redemption of NCDs acquired through secondary market
Voting Details
Cut-off Date: August 21, 2026
Voting Period: August 28, 2026 (9:00 AM) to September 26, 2026 (5:00 PM)
Voting Method: Remote e-voting only through KFin Technologies Ltd.
Result Declaration: On or before September 29, 2026 (within 2 working days)
Scrutinizer: Shri Vaibhav Dandawate or Ms. Deepti Kulkarni of Makarand M. Joshi & Co.
Financial Impact
The proposed ₹1,000 crore limit represents 92.31% of the company's annual consolidated turnover as of March 31, 2026
Transactions will be undertaken in ordinary course of business on arm's length basis
No special rights or preferential terms extended to promoter group companies
Documents Available
Postal Ballot Notice available on company website: www.gichfindia.com
Articles of Association available for electronic inspection
Policy on Related Party Transactions available on company website
