Management Change3 Nov 2026, 06:24 pm
GIC Housing Finance: Senior Management Personnel Change
AI Summary
GIC Housing Finance Ltd. announced a change in its Senior Management Personnel (SMP). Shri B. B. Phonde, Senior Vice President and Head of HR & Admin Dept., has ceased to hold his position effective November 03, 2026. This change is due to his repatriation to The New India Assurance Co. Ltd., the Promoter Company. The company confirmed there are no other material reasons for this change and that a resignation letter is not applicable as it's a repatriation.
Key Highlights
- Senior Vice President and Head of HR & Admin Dept. has ceased employment.
- Change is due to repatriation to the promoter company.
- Effective date of cessation is November 03, 2026.
- No other material reason for the change has been cited.
Price Impact
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