GIC HOUSING FINANCE LTD.

GIC Housing Finance Ltd. announced a change in its Senior Management Personnel (SMP). Shri S.R. Ravi, currently Vice President, has been appointed as the Head of Operations Department, effective August 21, 2026. This appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Concurrently, Smt. Paba Koshy will cease to be the Head of Operations but will continue in her role as Chief Financial Officer (CFO). Shri Ravi brings over 33 years of experience in housing finance.

GIC Housing Finance Ltd reported its financial highlights for the quarter ended June 30, 2026. Profit After Tax (PAT) increased by 25% to ₹10 crore compared to ₹8 crore in the same quarter last year. Total Income grew marginally by 1% to ₹267 crore. Expenses saw a 13% decrease to ₹249 crore, primarily driven by a significant 59% reduction in Provision for NPA and others. Loan portfolio grew 5% to ₹11,185 crore, while Networth increased by 7% to ₹2116 crore. Gross NPA decreased by 1% to ₹502 crore, with Gross NPA percentage at 4.49%.

GIC Housing Finance Ltd announced its un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. The board meeting also approved the appointment of Shri Hitesh Joshi as Chairman, Smt. Arumugam Manimekhalai as Additional Director, and Shri Mahesh Matta as Head- Treasury. Additionally, the company approved material related party transactions with promoter group companies up to ₹1,000 Crores, subject to shareholder approval. The trading window will reopen on August 15, 2026.

GIC Housing Finance Ltd held its 36th Annual General Meeting on August 4, 2026, where shareholders approved the re-appointment of Shri Hitesh Joshi and Smt. Rajeshwari Singh Muni as Non-Executive Directors, and Shri Sunil Kakar as an Independent Director. The AGM also sanctioned material related party transactions with promoter companies up to ₹1,000 crores and approved a private placement of redeemable non-convertible debentures/bonds up to an aggregate outstanding limit of ₹2,500 crores. These approvals signify continued board confidence and strategic financial planning for the company.

GIC Housing Finance Ltd has submitted the proceedings of its 36th Annual General Meeting (AGM), held on August 04, 2026, via Video Conferencing. The meeting commenced at 11:30 AM and concluded at 01:13 PM. Key agenda items included the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, the declaration of dividend for the same period, and the re-appointment of directors Shri Hitesh Joshi and Smt. Rajeshwari Singh Muni. The meeting was conducted in compliance with MCA and SEBI regulations, with 93 members present. Audit reports for FY 2025-26 were presented and taken as read.

GIC Housing Finance Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Reports from the Statutory Auditor. The company also informed that the trading window for dealing in its securities will remain closed from June 30, 2026, until 48 hours after the publication of these financial results, extending to August 14, 2026.

GIC Housing Finance Ltd has announced the allotment of 20,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, at a premium of ₹35 per debenture. The total issue size aggregates to ₹200.07 crores, including a premium of ₹7,00,000. This allotment was made on a private placement basis on July 29, 2026, pursuant to a Board of Directors' resolution dated May 15, 2026. The NCDs are proposed to be listed on BSE Limited. Key allottees include ICICI Bank, Tata Corporate Bond Fund, Tata Mutual Fund, and LIC MF Short Duration Fund.

GIC Housing Finance Ltd has announced the launch of its NCD Series 12 Tranche 1, a private placement issue of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures. The issue size is ₹200 Crores, with an option for a green shoe of NIL. The debentures will have a tenure of 548 days, with an allotment date of July 29, 2026, and maturity on January 28, 2028. The annual interest rate is 8.15%, with coupon payments scheduled semi-annually and principal repayment at maturity. The debentures are secured by a first-ranking charge on the company's hypothecated assets.

GIC Housing Finance Ltd has announced the appointment of Shri Asit Kumar Nandi as the new Chief Compliance Officer (CCO) of the company. The decision was approved by the Board of Directors, based on the recommendation of the Nomination & Remuneration Committee. Mr. Nandi's appointment is effective from his date of joining, with a term of 36 months. He brings over 39 years of experience in banking and financial services, with a strong background in governance, risk management, and regulatory compliance from his tenure at the State Bank of India and his current role at Alexis Finance Pvt. Ltd.

GIC Housing Finance Ltd has been penalized ₹3,10,000 by the Reserve Bank of India (RBI) for non-compliance with 'Know Your Customer' (KYC) directions. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987, following a statutory inspection by the National Housing Bank (NHB) which identified violations related to periodic review of customer account risk categorization. The company stated that this penalty has no material impact on its financial operations and is implementing corrective measures to ensure future compliance.