37th Annual General Report of the Company

tlucHFL LICH OUSINFGI NANLCTED ReLfI.C :HFCLS//A 3G7M -AR 4thA ugu2s0t2,6 ThMea nager, ThGee neMraanla ger, ListDienpga rtment, DepartomfCe onrtp oSreartvei cesD-eLpits.t,i ng NatioSntaoElcx kc haonfIg nedL itad ., BSLEi mited, ExchaPnlgae5zt aFh,l oor, 25Ftlho Pohri,r Joezeej eTeobwheorys , PlNootC. / 1,B olGc Bka,n dra-CKoumrpllaeD xa,lS atlr eet, Band(rEaM) u,m b-a4i0 005 1 Mumb-a4i0 000 1. ScrIiDLp:I CHSGEFQI N ScrCiopd: e5 00253 Emaiclm:l ist@nse.co.in Emaciolr:o .relations@bseindia.com ReR:e gula3t4oi fto hnSe E B(IL ODRRe)g ula2t0i1o5n.s , Int eromfsR egula3t4oi fto hnSe E B(IL ODRRe)g ula2t0i1ow5ne,sa ,rf eo rwarding herewith Am1URaelp ofrottrh fei naynecai2ra0 l2 5-2026. Thiisfs o yro uirn formaantrdie ocno rd. Thankyionug, Thankyionug, Youfrasi thfully, FoLrI HCo usFiinnga nce Limited VarsHhaar dasani CompaSneyc reatnadr y CompliOafnfciec er CINNO :.L 69522MH1989PLC70 522W5ebs:iw twew.lichousing.com Regist&e Croerdp oOrffaitcUeeC H: o usFiinnngca Let 1d3.1,M, a keTro we1r3t-hFF,l oCoffrueP, a raMduem,b a-4i0 0005 Te+l9:1 2222 1876 00F,a +x9:1 2222 1877 77E,- maliilc:h ousing@lichousing.com A Synergy of 2025-26 Annual Report TRUST STRENGTH GROWTH Inside the Report Turning Our Vision INTO GROWTH CORPORATE OVERVIEW 02 A Synergy of Trust. Strength. Growth Built a loan book of 04 Fuelling Aspirations Of Owning A Dream Home ` 3,20,707 Crore 08 A Sustainable and Efficient Business Model 10 Strengthening the Legacy. Shaping Our Future. Strengthened our distribution with more than 12 Expanding Our 10,000 hands Nationwide Presence 14 Letter from the Chairman 16 Letter from the Managing Director and CEO Made our presence felt through 18 Optimising Funding. Area Offices Becoming Cost-Efficient. 20 Driving Measurable Results 22 Simplifying Systems. Strengthening Processes. Enhancing operational excellence with 26 Building Resilience Through Risk Management Project 28 Corporate Information 30 Board of Directors 37 Awards and Recognition A cohesive family of 38 CSR Snapshot 2,399 employees relentlessly striving towards a collective vision 2 STATUTORY REPORT 40 Management Discussion and Analysis Report 55 Board’s Report 121 Report on Corporate Governance 157 Business Responsibility & Sustainability Report 3 FINANCIAL STATEMENTS 206 Standalone 324 Consolidated To download this report or to read online, please log on to www.lichousing.com Towards increased profitability Gaining increased recognition 2015 2024 41,325.54 ` Crore Best Housing Finance Awarded the Best CSR Team of Net Worth Company by BFSI Awards the Year and Best Use of CSR Best data quality in HFC by CIBIL Practices in various sectors in 5,595.15 UBS Forums 10th Edition CSR ` Crore 2016 Summit and Awards 2024 Outlook Money-Best Housing Winner of the “Corporate Bond 101.72 Finance Company Private Placement-Private Issuer of the Year” by Assocham Best Housing Finance Earnings Per Share Company by ABP News 2025 AAA Asia Pacific Awarded as the Best Entrepreneurship Award Credit Rating Housing Finance Company Power Brands Awards by at the Excellence Awards Franchise India 30,242.46 2024-25 (1st edition) by the ` Crore National Housing Bank Market Capitalisation 2017 Outlook Money-Best Housing 2026 Finance Company Awarded as Best Housing Finance Business Today BFSI Best CEO Company at NHB Excellence NSE for highest Debt Issuance Awards - 2nd edition Excellence in Outstanding 2019 Contribution to the Housing Voted as the ‘Brand of the Finance Sector at Radio City Decade 2019’ by BARC Asia Business Titans Awards NSE for Best Issuer on EBP Excellence in Housing Finance at Mirchi Business 2022 Class – Bali 2026 “Best Organisation for Special Jury Commendation Women 2022” Award by ‘The Award in the Women Economic Times’ Empowerment Category at FICCI CSR Summit & Awards “BEST CSR” Award in the 11th Edition of Global CSR Excellence Excellence in ESG & Sustainability & Leadership Awards Initiatives at Prithvi Awards by ESG Research Foundation 2023 Excellence in Waste Management Winner of Indian Chamber of initiative at India CSR Awards Commerce Social Impact Awards under “Empowering the Rural Population” category LIC Housing Finance Limited A Synergy Of TRUST. STRENGTH. GROWTH. At LIC Housing Finance, we marked brand legacy, we continue to build Relationships, Growing Through our 37th Foundation Day celebrating enduring relationships and maintain Connect, and Young and Agile our remarkable journey of trust, a strong presence across urban, Systems. SYNERGY represents our commitment, and excellence in India’s semi-urban, and emerging markets. commitment to harness the collective housing finance sector. Since our strength of our people, processes, inception in 1989, we have helped Financial Year 2025-26 was that technology, partnerships, and customer more than 35 lakh families realise their of unlocking SYNERGY – Service relationships to achieve sustainable dream of home ownership, and today Excellence, Yield Optimisation, and profitable growth. By leveraging we proudly serve over 15 lakh active New Business Innovation, Ever-best this synergy, we continue to earn customers and homebuyers. We are Performance, Retention and customers’ trust, build continued playing an enduring role in helping strength, and deliver scalable and millions of Indians realise their dream sustainable growth. of home ownership. Understanding the aspirations and emotions associated with owning a home, we are not just a housing finance provider, but a long-term partner and a trusted companion standing with our customers through one of the most important milestones of their lives. With robust distribution network, customer-centric approach, and trusted 2 | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements > A Synergy of Trust. Strength. Growth. Our approach on SYNERGY steers the organisation to expand our reach, enhance operational effectiveness, and reinforce our customer-first approach, laying an even stronger foundation for the future. With this, we remain optimistic on delivering sustainable business growth, supported by healthy demand, stable asset quality, comfortable capitalisation, and continued focus on improving our return ratios and shareholder value. As we enter the 38th year of our operations, we are building a robust, future-ready housing finance business by focusing not just on growing the loan book, but doing so responsibly, ensuring long-term value creation. As one of India’s leading housing finance institutions, our single-minded objective is to delight our customers, set new industry benchmarks, live up to our brand promise of helping dreams come true, and provide the opportunity of superior value creation consistently. 3 | Annual Report 2025-26 LIC Housing Finance Limited LIC Housing Finance Limited Fuelling Aspirations of OWNING A DREAM HOME With nearly a four-decade legacy and the trust of more than 35 lakh homeowners, LIC Housing Finance has been at the forefront of enabling home ownership across India. Backed by a strong business foundation, an extensive distribution network, and deep industry expertise, we have played a pivotal role in expanding access to housing finance while contributing to the country’s economic and social development. Over the past three decades, we have established ourselves as one of India’s largest housing finance companies, providing long-term finance A growing distribution network Strengthening our value for the purchase and construction proposition of residential properties. We cater We have built one of the industry’s to a broad spectrum of homebuyers most extensive distribution networks, With a key focus on strengthening across the country. with 303 Marketing Offices across our customer proposition, we offer the country. These are supported by competitive home loan interest home loan agents, direct sales agents, rates making home ownership more customer relationships associates, accessible and affordable for our branches of LICHFL Financial Services [Showing first 8,000 characters — download PDF for full document]