LIC Housing Finance Limited — Important, 27-08-2026: Disclosure of material issue

LIC Housing Finance (LICHFL) has issued a clarification regarding media reports about an NCLT order in Dr. Subhash Chandra's personal insolvency proceedings.

**Issue:** Media reports stated that while LICHFL had an admitted claim of ₹322.39 Cr as a personal guarantor, the approved repayment plan would only provide ₹0.38 Cr. This suggested a significant potential loss for LICHFL.

**Company's Response/Mitigation:** LICHFL clarifies that this NCLT order *only* pertains to Dr. Subhash Chandra's personal liability and *does not* impact the corporate liabilities of the principal borrower entities. Crucially, LICHFL continues to hold and enforce its strong security interest over the secured assets against which the financial facilities were originally granted, retaining all rights and recovery avenues.

**Possible Impact:** While the personal guarantor's repayment is minimal, LICHFL's clarification significantly mitigates the perceived negative impact by confirming that its primary recovery recourse against the corporate borrowers and their secured assets remains intact and unaffected by this personal insolvency order.