GIC Housing Finance Limited on Tuesday (August 19) said its shareholders have approved the issuance of redeemable non-convertible debentures (NCDs) of up to ₹2,500 crore through private placement at the company’s annual general meeting. The AGM cleared material related-party transactions with promoter companies aggregating up to ₹1,000 crore.
In terms of board changes, shareholders approved the reappointment of BS Rahul and Girija Subramanian as non-executive directors, and Damodharan Neelam as an independent director. The appointment of Sanjay Joshi as a non-executive director was also approved.
Back in June this year, GIC Housing Finance announced a cybersecurity incident involving a malware attack on some of its end-user systems. The company received information from its cyber security department on June 19, 2024.
Also Read: ITI emerges as the best-performing PSU stock, defeats defence and others
In response to the malware attack, GIC Housing Finance had swiftly isolated the affected systems from the network to prevent further impact. The company assured stakeholders that no operational disruption has been observed so far.
A detailed investigation is currently underway, involving consultation with relevant stakeholders, to determine the incident’s root cause and implement necessary remedial actions.
Also Read: Government’s housing for all initiative creates significant growth potential, says Sanjiv Bajaj
GIC Housing Finance had stated, “Presently, no operational disruption has been observed and a detailed investigation is being conducted in consultation with relevant stakeholders to assess the root cause and take remedial action as necessary.”
Shares of GIC Housing Finance Ltd ended at ₹176.50, up by ₹1.20 or 0.68%, on the BSE today (August 19).
