GIC Housing Finance Limited — Board Meeting, 03-04-2025: Outcome of Board Meeting

The Board of Directors has approved the write-off of Rs. 13.06 crore related to the Loan Origination System (LOS) application, which will be reflected in the financial results for the quarter ending March 31, 2025. Additionally, starting from FY 2025-26, the Company will change its accounting treatment for re-possessed properties under the SARFAESI Act, moving these from the "Assets Held for Sale" category to the loan portfolio on the balance sheet date. This move aims to streamline reporting and align with the company's operational strategy.