LIC Housing Finance Ltd. AGM: All resolutions passed, including ₹55,000 crore NCD issuance.
LIC Housing Finance Limited's 37th AGM on August 28, 2026, saw all resolutions passed. Key approvals include the FY26 financial statements, a ₹10 final dividend per share, director re-appointment, and authorization for issuing up to ₹55,000 crore in NCDs.
The authorization for issuing up to ₹55,000 crore in NCDs has a significant impact on the company's future fundraising capabilities and financial strategy.
All resolutions, including financial statement adoption, dividend declaration, and a significant debt fundraising authorization, were passed with a requisite majority, indicating positive shareholder support.
LIC Housing Finance Limited (LIC HFL) held its 37th Annual General Meeting (AGM) on August 28, 2026, through Video Conference/Other Audio Visual Means. All resolutions presented at the meeting were passed with the requisite majority.
The resolutions included the adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026, the declaration of a final dividend of ₹10 per equity share for the same financial year, the re-appointment of Shri P Koteswara Rao as a Director, and granting authority to the Board of Directors for the approval and issuance of Redeemable Non-Convertible Debentures (NCDs) or other instruments on a private placement basis for an amount not exceeding ₹55,000 crore.
The voting results indicated overwhelming support for all resolutions, with particular strong favor for the financial statement adoption, dividend declaration, and the NCD issuance authorization. The AGM saw participation through remote e-voting and e-voting at the meeting, with a total of 351,015 shareholders on the record date.
A plain-language summary of a public exchange filing by LIC Housing Finance Limited. Read the original for the full detail.