Board Meeting15 May 2026, 08:21 pm
GIC Housing Finance: Board approves FY26 results, 45% dividend
AI Summary
The Board of Directors of GIC Housing Finance approved the audited standalone and consolidated financial statements for FY26, along with a dividend of 45% (₹4.50 per share). The board also approved raising funds via NCDs/Bonds up to ₹2,500 crores and material related party transactions up to ₹1,000 crores, both subject to shareholder approval. The 36th Annual General Meeting is scheduled for August 4, 2026, and the record date for the dividend is June 26, 2026. Ms. Paba Koshy is appointed as the new CFO effective July 1, 2026.
Key Highlights
- Approved FY26 audited financial statements and results.
- Recommended a dividend of 45% (₹4.50 per share) for FY26.
- Fixed AGM date as August 4, 2026, via video conference.
- Approved raising funds up to ₹2,500 crores via NCDs/Bonds.
- Appointed Ms. Paba Koshy as CFO effective July 1, 2026.
Price Impact
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