GIC Housing Finance Limited — Others, 28-02-2025: Change in Director(s)

GIC Housing Finance has announced a board meeting regarding the resignation of two key directors due to superannuation. Shri Rashmi Raman Singh, Non-Executive Director, and Shri Paul Lobo, MD & CEO, will cease their roles effective from the close of business hours today. Shri Sachindra Salvi is set to take over as MD & CEO starting March 1, 2025. This leadership transition could signal a shift in strategic focus and governance, potentially impacting investor sentiment positively as the company moves into a new management phase.