Ref. LICHFL/CS/FinresMar-2025
@/LiC HFL
0
G FINANCE LED
Nie Manager, Listing Department, National Stock Exchange of India Ltd., Exchange Plnza, 5"' Tloor, Plot No. C/4, C Block, Bandro-Kur la Complex, Pandra (E), It umbai - 400.051 | The Genere I Manager, Deparflnent of Corporate Services-Listing Dept., BSE Limited, 25"' floor, Pliiroze Jeejeebhoy Towers, Dale I Street, Mumbai - 400.004 . | |
Scrip ID: LICHSGFIN EQ | Scrip Code : 500253 Ema il: cor [a.rela ti‹ iis‹n? last*i i4‹i iax t›ni |
SUB: Disclosure Under Regulation 30 Outcome of Board meeting held on May 15 , 2025 Meeting Commenced at 02:30 P.M. and concluded at 6:15 P.M.
Submission of Audited Financial Results for the quarter and financial year ended on March 31, 2025
Please refer to our letter Ref.:LICHFL/CS/ noticebm dated 06"' May, 2025 regarding intimation of Soard Meeting for considering Audited Yionncin1 Results for the Fourth Quarter and year ended 34 st March, 2025. In this connection, please find the outcome of the Meeting as unr4er:
Audited Financial Results for the Fourth Quarter and year ended 31st March, 2025.
Pursuant to Regulation 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Re•i•irenieui-s) Regulations, 204.5 ('Listing Regu lations'), as amended, the board of Directors at ids Meeting held today 45"' May, 2025 has inter-alia, consiciered and approved the Statements of Audited Financial Results (Standalone and Consolidated) of the Compa ny for the quarter and financial year ended March 31, 2025, du ly reviewed and recommended by the Audit Committee. In this regard, the Company has submitted Uie following clocuments.
Sr. No.
Particulars
Audited Financial ResuI ts for the financial year ended March 34, 2025, along
with the Auditor's report issuec4 by M /s SGCO R Co. LI.I', Cliarteret4 Accountants and M/s K ha rideIwa1 }ai n & Co., Char tered Accountants, Joint Statutory Auditors of the Company.
2
Additiona I c4isclosu re of ratio/ equ ivalent financia I inforinatio n pursuant to
Regulation 52(4) and 54 of Listing itegulations
Declaration pursuant to Regu lation ?'3 (3) (d) and 52 (3) (a) regard ing audit
report with unmod ified opin ion
4
Security Cover Certificate from Joint Statutory Anditors pu rsuan t to Regulation
54(2) & (3) of Listing Regulations.
CIN NO. : L65922MH1989PLC052257 Website : https://www.lichousing.com
Corporate Office : LIC housing Finance Ltd., 131 Mal‹er Tower E" Premises, 13tlJ FIoci, Cuffe Parade, MuiJnbai 400 OOH Tel :+ 91.22.2217.8600, Fax:+91 22 22t7 8777, Email: Iichousing@IiclJousii4g.con.
Registered Office: LIC Housing Finance Ltrl. Boi›Jhay Life Bldg., 2nd flr., ^5/47, Veer Narimail Rd, Fort. Mumbai - 400.001.
Tel: + 9t 22.2204 é662 *3799/000G, Fax: +91 22 2204 9G82, E-mail lichorising0lichousing.co/›‹.
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9
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Statement of utilization of issue proceeds (as per Regulation NI( "ollhfififitfl"' "
(LODR) Regulations, 204.5 and Statement of dev iation(s) or variation(s) in the use of issue proceeds of non-con vertible debentures pursuant to Regulation 52(7A) of the said regu lotions.
Disclosure of related party transactions unc4er Regulation 23(9) of SEBI LODR,
20a 5 for the half year ended March 32 , 2025;
A 'Nil' statement of dev iation or variation in the prescribed Io‹mnI n3 requirec4 unc4er Regulation 32 of Listing ftegu Nations
A quarterly certificate from the CEO/ CI'O certif ying that CP proceeds are used for disclosec4 purposes, and aclherence to other listing ctiiiclitions, Ilegu la how 2.0, Part II of Chapter XVII - Lishn g of Cont niercia I Paper of SEBl Master Circular SEBI/ HO/ DD US/ PoD4/ P/ AIR/ 2024/ 54 ‹dated May 22, 2024.
Large Corporate Disclosure for the financial year ending ?'4 st March 2025
LTo
necommendation of Final Dividend for F.Y. 2024-2025
The Btiard ot Directors of the Company in its meeting 1ie1c4 today i.e. 45'l' May, 2025, inter alia approved recoin mentation of dividend for financial year 2024-2tl25 500% i.e. Rs.30 per equity share of Fts.2/-each. The dividend on equity shares, will be paid within 30 days if approved by the Shareholder in the ensuing Annual General Meeting of the Cont pany.
The aforcsa i‹4 c4ocu ments are also being uploaded on the wel site of the Com pany i.e., https;//https://www.1ichousing.com/and the said results will also be published in the newspapers, in the format prescribed unc4er Regulation 47 of the listing regulations.
This is for your information ancl records.
HARDASANI
'Fhntzkiizg you,
Yo s faithfully,
F r LIC Housi Finance Limited
Va sh ardasani
Company Secretary & Compliance Officer
ACS: 50448
Encl. : a/a.
VARSHA CHANDAR
Digitally signed by VARSHA CHANDAR HARDASANI
Date: 2025.05.15
18:59:10 +05'30'
CIN NO. : L65922MH1989PLC052257 Website : www.Iichcusing com
Corporate Office : LIC Ho‹Jsing Finailce Ltd., 131 Maker Tower 'F ' PreirlSPS, 13th Flocr, Criffe Pai add. Munahai 400 OOH Tel .+ 91 22 22a.T 9600, Fax:+91 2.2 227 8777. Email: lick ousingOIichousing.cont.
Registered Office: LIC Housin, Finance Ltd. Bombay Life Bldg., 2nd Ill., 45/47, Veer Nai imam Re!. Fort, !Viun loai 400.001.
Tel: + 9¿ 22.2204 é682,*9799 /000C Fax: +91 22 2204 9G82, E n35iI liclnorisin %Iiclsousin¿.con-.
LIC HOUSING FINANCE LIMITED
LT C HO US I NG FI NANCE LTD
STATEMENT OF AU DITED STAN DALONE FINsNCiAr nEsiJrTs FOR THE QUARTER AND YEAR EN DED 31/03/2025
(Z in Crore)
Particulars | Quarter Ended | Year Ended | ||||||
3?00-2015 | 31122024 | 31-03-2024 | 31-03-2025 | 31-03-2024 | ||||
Auded | Reserved | Audited | Audited | Audited | ||||
1 | Revenue from operations a.Interest Inconie | 7,117.28 | 6,9F1.6J | 27,66J.46 | 27,0415a | |||
b.Fees and commission Income | 6.88 | 9.77 | 8.5-1 | 37.09 | &9d2 | |||
c.Net Gain on De-recognition of financial Instruments under A niortised Cost Category | 1.97 | 2.77 | 10.5 | 9.86 | 26.72 | |||
d. Net gain on fa ir value changes | 9.21 | 17.19 | T3.23 | 66.95 | 55.88 | |||
e.Others | ?8.76 | 75.99 | 16.o9 | 274.7'8 | 54.95 | |||
ToiaI Revenue from operations | 7,283.33 | 7,057.33 | 28,050.1g | 27,228.22 | ||||
Other Income | 0.04 | 0.02 | 0.43 | 6.08 | 6 2 | |||
Total Income | 7,283.37 | 7,057.35 | 6.936.84 | 28,056.z2 | 27 Z4.&4 | |||
2 | Expenses a.Finance Costs | J,950.% | 4,951.48 | 4,649.94 | 19,5?T.95 | T8,390.66 | ||
b.Fees and Commission Ex penses | 57.7t | 30.49 | S4.34 | T38.06 | OSS.T 9 | |||
c.I mpa irnient on Nina ncia I Instruments | T09.38 | (43.98) | 427.87 | 285.83' | 1,64?.72 | |||
d.Employee Benefits Ezpenses | T76J2 | 204.36 | J98.49 | 70T.90 | 609.99 | |||
e.De precia tion, an3ortisation and Inapairnaent | 2542 | 23.95 | t7.41 | 9?.9? | 65.42 | |||
I.Other ex penses | 394.32 | 97.6T | t2.64 | J48.74 | 315.'74 | |||
Toral Expenses | 8,823.79 | 5,263.93 | S,460.G6 | 27,200.41 | 27,480.72 | |||
3 | Profit Be£oreTax -2} | 1,769.58 | 1,793.44 | 1,476.1£' | 6,855.82 | 6,053.92 | ||
4 | Tax Expense | 401.62 | 364.48 | 385.?6 | t,426.79 | ,266.51 | ||
s | Profit After Tax (3-4) | 1,431.96 | 2,090.82 | 5,429.02 | 4,765.41 | |||
6 | Other Comprehensive Income / {Loss} | |||||||
A (i) I tems that whl not be rcclassifiec] to profit / Loss | (89.22) | (0.20) | 42Z | (95.96 | (4.7Zj | |||
(n) Tax impact On above | 0.0F | (I.0 | 24.15 | 1.20 | ||||
Su blotal (A} | (66.77) | to.1s} | 3.16 | (71.81} | (3.57) | |||
H (i) 1tems that u'i1I be rerlassified to profit / loss | ||||||||
(ii) Tax impact on above | ||||||||
Subtotal (B) | ||||||||
Other Comprehensive Income / (Loss) (A * B) | (66. | (0.J5 | 3.16 | (7t.8t | ||||
7 | Total Comprehensive Income (5*6) | 1,301.19 | 1,431.81 | 5,357.21 | ||||
8 | Paid-u p Eqnity Share Capital (face value I 2J -) | 110.08 | ISO.08 | 110.08 | 110.08 | 310.08 | ||
9 | Earnings Per Share (UPS) on {face value o1 ? 2/ -) Basic and Dilu ted Earning Per Share (7 (The ERP for fhe Qu arfers a re not annualise ‹1) | 24.87 | *6.03 | J 9.83 | 98.70 | 86.6* | ||
â0 | Reserves excluding nevaluation n serves as a March 31 | ?'6,J46.70 |
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O CORP01t*TE m
Corporate Office : LIC Housing Finance Ltd., 131 Maker Tower "F" Premises, 13th Floor Cuffe Parade, !Vlumbai 400 005 Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: IichousingOIichousing.com.
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg., 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai - 400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: Iichousing@Iichousing.com.
LIC HOUSING FINANCE LTD
Notes to the Standalone inancial Results:
Sfateznent of Standalone Assets and Liabilities
As at 31WL2025 | As at J10L2024 | |||
AudMed | AudJed | |||
ASSETS | ||||
1 | Financial Assets | |||
(a | Cash and cash equivalents | 1,278 75 | 1,437.49 | |
(b | Bank Balance other than fa) above | 12S.77 | 135 14 | |
(c | Loans | 3,02,845.84 | 2,80,589 79 | |
(d | {nvestments | 7,142.14 | 6,277 03 | |
te | Other Financial assets | 24.62 | 20 85 | |
Total Financial Assets | 3,11,417.12 | 2,88,460.30 | ||
2 | Non•Finartcia1 Assets | |||
(a | Current tax assets (Net) | 586 42 | M019 | |
(b | Deferred tax Assets fNet} | 1,298 85 | 163915 | |
(c | Property, Plant and Equipment | 161 79 | ||
(d | Capital Work in Progress | 0.09 | 0.14 | |
(e | Intangible Assets under Development | 51 41 | ||
(9 | night of Use Assets | z64 76 | l5T47 | |
(g | Other Intangible assets | 23 96 | 3184 | |
Other non-financial assets | 222 T6 | H689 | ||
Total Non-Financial Assets | 2 509.44 | Z,70722 | ||
Total Assets | 3,13,926.56 | 2,91,T67.52 | ||
LIABILITIES AND EQUITY | ||||
LIABILITIES | ||||
Financial Liabilities | ||||
(a | Lease Liabilities | 178.02 | 164 72 | |
Pavables | ||||
(1)Trade Payables | ||||
(i) total outstanding dues of micro enterprises and small enterprises | 1.93 | 0.02 | ||
(ii) total outstanding dues of creditors other than micro enterprises and smaIl enterprises | 228.05 | T93.43 | ||
III) Other 'ayables | ||||
(i) total outstanding dues ot micro ente@rises and small enterprises | ||||
(ii) total outstandiztg dues of creditors other than micro enterprises and smafl ente@ztses | ||||
Debt Securities | J,6j,631 46 | 1,44,665 32 | ||
Borrowings (Other than Debt Securities) | 98,925 98 | 96,J36 S8 | ||
be | Deposits | 8,242 92 | 9,898 56 | |
(fl | Subordinated Liabilities | 1,796 86 | J,796 33 | |
(g | Other financial liabilities | 6,144.83 | 6,31L93 | |
Sub-total - Financial Liabilities | 2,77,150.OS | #9J66.89 | ||
Non•Financia1l.iabilitiee | ||||
(° | Provisions | 360 43 | 334.33 | |
Other non-financial liabilities | 159.30 | 271.87 | ||
Sut›•toial • Non•FinanciaI liabilities | 519.Z3 | 606.00 | ||
3 | EOUM | |||
(^ | Equity Slnare Wpital | 11fi 08 | 110.08 | |
ft | Oder £guty | 36,146 70 | 31,284 55 | |
SubtoW - GquiW | 3b,W I.78 | 3£,S94.68 | ||
ToM £iabiJit •s md Equity | 3,T3,926.56 | 2,9t,t67.52 |
FRU-1 09JW '
O CORP
OFF!
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*4 s
Corpora ce: LIC Housing Finance Ltd., 131 Make Premises, 13th Floor, Cuffe Parade, Mumbai 400 005
Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: IichousingOlichousing.com.
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg., 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai - 400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: Iichousing#lichousing.com.
LIC HOUSINO FlNAIgCE LTD | |||||
Macch 31, 2025 | March 3J, 2024 | ||||
A. Cash Flow from Operating Activities | |||||
Profit Before 'fax | 6,855.8t | 6,053.92 | |||
Adjustments for | |||||
Deprxiation, Amorfization and Impairment (other than Financial Instruments) | 93.93 | ñ54y | |||
Impairment on Financial Instruments (Expected Credit Loss) | 285.84 | I,643.12 | |||
Loss/ (Gain) on disposal of Property, Plant and Equipment | (0.03) | 0.04 | |||
Div idcnd and Interest Income classified as Investing Cash Flows | (5.98) | (589) | |||
Unwinding of discount | (48.1J) | 23t69 | |||
Interest Expense | t9,53T.95 | 78,390.66 | |||
(27,661.46) | (2T,04L56) | ||||
Adjustments for | |||||
Movements in Provisions and Gratuity | (95.96) | (4.7 | |||
(Increase)/Decrease in Other Financial Assets | 5.03 | (12.97) | |||
(Increase)/Decrease in Other Non Financial Assets | (23.69) | 36.t2 | |||
Increase/ (Dnrease) in Other Financial Liabilities | (594.23) | 50.28 | |||
Increase/ (Decrease) in Other Non Financial Lia bilities | (84.45) | t60.03 | |||
Cash used in operations before adj ust ments for interest received and paid | (1,741.36} | (433.0t) | |||
Interest Pa id | (19,077.13) | (8,024.86) | |||
Interest Received | 27,507.4-é | 27,22857 | |||
Income Tax paid | (t,T98.56) | (t,468.27} | |||
Cash generated from Operations | 5,490.39 | 7,302.43 | |||
Loans Disbursed (Net of repayments) | (22,178.9t) | (4,620.53) | |||
Asset held for sale 257.09 | |||||
Net Cash Used in Operating Activities (A) | {36,688.52) | ||||
B. | Ca sh Flow fcom Investing Acliv ities | ||||
Payments for Purchase of Property, Plant and Equipment | (20.56) | (37.36) | |||
Proceeds from Sale of Property, Plant and Equipment | 0.03 | 0.01 | |||
Paymen ts for Purchase of Investments | (985.08) | (53.78} | |||
Proceeds from Sale of Investments | 415.93 | 664.36 | |||
Dividends Received | 5.98 | 5.89 | |||
Net Cash generated from/ {used in) Investing Activ ities {B) | (883.70) | 579.t2 | |||
c. | Cash Stow from Finnncing Activities | ||||
Proceeds from Borrowings | J46,t20.20 | ||||
nepayment of borrowings | (t53,t25.R7} | (136,952.63) | |||
Deposits {Net of repaymen Is) Payments towards Lease Liability | (1,653.64) (6z.86) | (,M5.29) (5iS5) | |||
Transfer to Investor Protection Fund | (T.42) | (J.20) | |||
Dividend | (467.55) | ||||
Net Cash generated from Financing Activ ities (C) | 7,2g9.98 |
equivalent Net Increa {Decrease} in Cash and Cash Equivalents (A+ B+C} Cash and Cash Equivalents at the beginning of the Year | fl58.74) 1,437.49 | (0.0t) gyg.yg 6t9.40 | |
Cash and Cash Equivalents at the end o£ the year | 1,2yg.y5 | ||
Cash and Cash Equivalents as per above comprise of the following | |||
| 2.39 1,187.6J | 4.13 | |
(iii) eques and demand drafts on hand | 88.75 | t25.06 | |
Balances ae per Statement of Cash flows | 1,278.75 |
Effert of exchange diHerences on translation of foreign en rrency cash and cash
" 'v g,
"'A "" " * "
Corporate Office : LIC Housing Finance Ltd., 131 Maker Tower "F" Premises, 13th Floor, Cuffe Parade, Mumbai 400 005 Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: Iichousing@Iichousing.com.
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg., 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai - 400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: IichousingOIichousing.com.
LI0 HOU6INQ FINANCE LTD
Noiesio AeSCndEoneWn«ndaIReulM:
4 The Board o£ Directors has recorfunended a dividend of T 10/ - per equity share of I 2/- each (500$) ({F'revious year g 9 per equity share (450a)) subject to approval of the mem 'ers of the Company ai the forthconung Annual General Meefing.
(T in crore)
'ype of borrower | Exposure to Accounts classified as Standard cor+sequen t to implemen fa ion of resoluaon plan - Fosifiori as eI September 30, 2024 (A) | Inf (A), aggregate debt that slipped into NPA during the current half year | Of (A), amount written off during the current half year | Of (A}, amount paid by the borrowers during the current half year | £-xposure to account classified as Standard consequent to implementation ol resolution plan - Posidon as aI the end of Metcfi ?1, 2025. | ||
Personal Loans | J7t5.79 | 35.35 | 2.36 | 13Z.74 | J546.52 | ||
corporate persor+s | 362.70 | 13.30 | 63.34 | 286.06 | |||
Of wh›ch, NI MM | |||||||
Total | 2078.49 | 48.65 | 2.IB |
12 be figures for the previous periods/ year have been regrou peel wherever necessary in order to make them comparable.
For and atF o£ the Board
O
OFFICE
T. Adhikan
& CO
1It1 Dt
MUMBAi
Date: May 45, 2025
CIN NO. : L65922MH1989PLC052257 Website: www.Iic ousing.com
Corporate Office : LIC Housing Finance Ltd., 131Maker Tower "F" Premises, 13th Floor, Cuffe Parade, Mumbai 400 005 Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: lichousingOIichousing.com.
Registered Offloe: LIC Housing Finance Ltd. Bombay Life Bldg., 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai -400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: IichousingdIichousin&com.
LIC HOUSING FINANCE LTD
Annexure 1 Disclosures in compliance with Regulations 52(4) of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements}
Regulations, z015 for the quarter ended March 3t, 2025.
For the quarter ended March 31 20a | For the quarter ended March 31 2024 | |||
a) | Debt equity ratio - [Debt Securities * Borrowings (other than debt securities) + Subordinated Liabilities 1 Deposits) - Cash and cash equivalents] / (Equity share Capital + Dher Equity - Impairment Reserve - Deferred Revenue Expenditue - Intangible Assets - Unrealised Gain - Deferred Tax) | 7.96 | 8.72 | |
b) | Outstanding redeemable preference shares (quantity and value) | NA | NA | |
c) | Capital redemption reserve / Debenture redemption reserve - Debentu re redemption reserve is not required in respect of Privately placed debentures in terms of Rule 18(7)(b)(ii) of Companies (Share Capital and Debenture) itules, 2014. | |||
d) | Net worth | I 34,538.42 Crore | I 29,383.98 Crore | |
e) | Net pro£it aEter tax | W t,367.96 Crore | T t,090.82 Close | |
Earnings per share | Basic -I 24.87 | Basic - I 19.83 | ||
Diluted - 7 24.87 | Dilu ted - T 19.83 | |||
g) | Total debts to total assets ("/») - (Debt Securities Borrowings (other than debt securities) * Subordinated Liabilities * Deposits) / Total Assets. | 0.88 | 0.89 | |
h) | Operating z avg (%) ='zofit before Tax / Ttevenue from Operations. | 24.30B | 2t.28% | |
i) | Net profit margin (%») - Profit after Tax / Total Revenue. | 8.78B | 15.72% | |
j) | Sector specific equivalent ratios, as applicable. | |||
i) Provision Coverage Ratio ("PCn") (m) = Total Impairment loss allowance for stage III / Gross Stage III loans. | 51.2S$ | 5L42% | ||
ii) Gross Non Performing Assets ("GNPA") (m) - Gross Stage III Loans / Gross Loans. | 2.47$ | 3.31% | ||
iii) Net Non Performing Assets ("NNPA") (°ñ) - (Gross Stage III Loans - Impairment loss allowance for Stage III) / (Gross Loans - Impairment loss allowance for Stage III) | 1.22% | 1.63% | ||
iv) Liquidity coverage ratio (W) | 162.96a | 175.34 $ |
Note 1 : The Company, being a Housing Finance Company ('HFC'), disclosure of Debt service coverage ratio, Interest service coverage ratio, current ratio, long term debt to working capital, Bad debts to Accounts receivable ratio, Current liability ratio, Debtors turnover, Inventory turnover ratio are not relevant as the Company is engaged in financing activities.
O
OFFICE
"
Corporate Office: LIC Housing Finance Ltd., 131Maker Tower "F" Premises, 13th Floor, Cuffe Parade, Mumbai 400 005 Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: IichousingQIichousing.com.
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg, 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai -400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: Iichousing@lichousing.com.
SG CO & Co. LLP.
Chartered Accou ntants 4A, Kaled onia-HDIL,
2nd Floor, Sahar Rd, Andheri East, Mumbai - 400 069, Maharashtra
Khandelwal Jain & Co. Chartered Accountants
6-B&C, PIL Court, 6"' Floor, 111
M.K. Roa‹4, Churchgate, Mumbai 400 020, Maharashtra
Independent Auditors' Report on the Quarter and Year ended Audited Standalone Financial Results of LIC Housing Finance Limited pursuant to Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure ilequirements} Regulations, 2015, as amended.
The Board of Directors of
LIC Housing Finance Limited Mumbai
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying statement for the quarterly and year to cJate standalone financial results of LIC Housing Finance 1.imited (hereuiafter referred to as "the Coin pany") for the q tiarter ended March 31, 2025 and for the year ende‹j March 31, 2025 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regri lotions, 2015, as amended (die "Listing Regulations").
In our opinion ancl to the best of our informahon and according to the explanations given to us, the Statement:
is presented in accordance with the requirements of Rcgu lation 33 and 52 of the SEBI (Listing Obligations ance Disclosure Requirements ) Regulations, 2015 as amended ; and
gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed uncler section 133 of the Companies Act, 20J3 (" the Act") reach w itli relevant R ules issued thereunder and other accounting principles generally accepted in India of the net profit, other and total comprehensive income and other financial information for the quarter and year ended Ma rch ?'1, 2025.
Page 1 of 4
SGCO & Co. LLP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Basis for Opinion
be conducted our audit in accordance with the Standards on Auditing (" the SAs") specified under Section 143.(10) of the Companies Act, 2013, as amended ("Uie Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the A ridit of the Standalone Financial Results" section of our report. We are incJependent of the Company in accordance with the Code of Ethics issued by the Insntute of Chartered Accountants of IncJia together with th ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements ancfi the Code of Ethics. V/e believe that the audit evidence obtaineci by us is sufficient anet appropriate to provide a basis for our opinion.
Management's and Board of Directors' Responsibilities for the Standalone Financial Results The Statement have been prepared on the basis of the standalone annual financial statements. The Corn pany's Management anc4 the Board of Directors is responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit, oflier and total comprehensive income and other financial information in accordance w itli the applicable Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder ancl other accounting princi ples generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records. in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing anc4 detecting frauds and other irregtilarities; selection and a[ plication of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financia 1 controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a trtie and fair v iew and are free froin material misstatemen t, whether due to fraud or error, w hich have been used foi the purpose of prepare tion of the Statement li)' the Board of D irectors.
In preparing the Statement, the Management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concei n basis of accounting unless the Management and die Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic aIternative but to do so.
The Management and the Board of Directors are also responsible for overseeing the Company's financial reporting process.
Page 2 of 4
SGCO & Co. LLP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Auditors' Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance abou I whether the Statement as a whole is free from material misst‹atement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an andii conducted in accordance with.SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expecteJ to influence the economic decisions of risers taken on the basis of the statement.
As part of an audit in accordance with SAs, we exercise professional judgmen t and maintain professions 1 scepticism throughout the audit. We also
Identify and assess the risks of material misstatement of the Sta tement, whether due to fraud or error, design and perforni audi t proced ures responsive to those risks, and obtain andit evidence that is su fficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resul ting from fraud is higher than for one resulting from error, as' I rauc4 may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an unclerstanding of internal control relevant to the and it in order to design audit procedures that are appropriate in the circumstances. Under Section 443(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Company has adeg nate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Eval uate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the Statement made by the Board of Directors.
Conclude on the appropriatenc•ss of the Board of Directors' use of the going concern basis of accounting and, bnsed on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on die Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to d raw attention in our a uditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are baset4 on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to connnue as a going concern.
Page 3 of 4
SGCO & Co. LLP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the u nderlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significan I audit findings, including any significant deficiencies in internaI control that we identify during our audit.
Ve also provide those charged w itla governance vvith a statement that we have complied with relevant ethical requirements regarding independence, ‹ind tg coin municate w itli them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safegiiards.
Other Matters
The Statement includes the figures for the last quarter of the current and previous financial year being the balancing figures between aucâited figures in respect of the full financial years and the published year to date figures up to the end of third quarter of the current an‹j previous financial year which were subjected to limited review by us.
Ovi r opinion is not modified in respect of these matters.
For SGCO & Co. LLP
Chartered Accountants
Firms Registration Number: 11208 I W/W 1001 84
Suresh Murarka PartnerMembership Nuir ber: 044739
UD lN: 25044739B MLA K W9894
Muinbai, May 15. 2025
Page 4 of 4
For Khandelwal Jain & Co. Chartered Accountants
. Shah
Firm Registration Number: 105049 W
S.
tjO
Membership Nutr ber: 033 UDIN: 25033632BMMJU L4923
Mumbai, May 15. 2025
LT C HOUSING FINANCE LTD
LIC HOUSING FI NANC£ LIM ITED
STATEMENT OF AUDITED CONSOL I DATED FI NANCI A L RESU LTS FOR TH E QUARTER AND YEAn ENDED 31J03/202S
3t-03-2025 Audited | Quarter Ended 3t-y 2-2024 Reviewed | 3t-03-2024 Audited | Year r-nded 3y-03-2025 3t-03-2024 Audited Audited | ||||||||
Revenue from operations | |||||||||||
a.Interest Income | 7,124.50 | 6,958.23 | 6,893.63 | 2'Z,689.38 27,067.31 | |||||||
b.Fees and commission Income | 20.2J | JS.20 | 13.10 | 63.97 66.â7 | |||||||
c.Net Cain on De-recognihon of Financial Instruments under Amortised Cost Category | 2. f f | 10.54 | 9.86 26.72 | ||||||||
d.Net C•ain on Fair Value Changes | J9.86 | 17.65 | T4.23 | 7t.29 60.57 | |||||||
e.Others | t38.98 | 76.J4 | 275.58 55.80 | ||||||||
Tofat Revenue Icon operations | 7,30d.fi2 | 6,948.21 | 28,Tt 0.08 27,276.97 | ||||||||
Other Income | 0.03 | 0.40 | 0.62 0.83 | ||||||||
To fat I nconie | 27,277.80 | ||||||||||
Expenses | |||||||||||
a.Finance Costs | 4,950.0z | 4,950.41 | 4,648.92 | 19,528.36 | 18,387.87 | ||||||
b.Fees and Commission Expenses | 47.43 | 23.50 | 47.16 | 110.93 | 133.48 | ||||||
c. Impairment on Financial Instruments | 109.38 | {43.98) | 427.87 | 285.83 | 1,643.72 | ||||||
d.Employee Benefits Expenses | 194.19 | 21L65 | 209.42 | 755.38 | 649.63 | ||||||
e.Depreciation, amorfisation and Impairment | 26.41 | j4.92 | 18.36 | 97.77 | 69.23 | ||||||
I.Other expenses | 196.89 | 99.70 | 114.70 | 456.51 | 329.50 | ||||||
Totat Expenses | 5,S24.32 I | 5,272.*^ I | s,A6s.43 | zt,zs1.zs I | 2t,2t3.43 | ||||||
Share of Profit/(Loss) of Associates | I | (' ' i I | 0.52 | (0.41 | 2.94 i | 3.76 | |||||
Pmfit Before Tax (1-2+3) | | | 7,780.05 | 3 798.31 | t,48t.77 | 6,878.86 ] | 6,068-t3 | |||||
Tax Expense | I | 406.43 | 400.J2 | 7,436.16 | t,304.81 | ||||||
6 | Set Profit after Tax (4-S) | 1,370.62 | 5,tt2.70 | ||||||||
Other Comprehensive Income | |||||||||||
A (i) Items that will not be reclassified to profit or loss | | | (89.53){ | (0.02) | 4.27 | (96.19) | (4.64 | |||||
(ii) Tax impact on above | | | 22.46 } | 0.o1 | (t00 | 24.14 | 1.23 | |||||
Subtotal (A) | (67.07} | {0.01) | 3.i¥ | (3.4y) | |||||||
B (i) Items that will be reclassified to profit or loss | 1 | 1 | |||||||||
(ii) Tax impact on above | |||||||||||
Other Comprehensive Income (A + B) | (67.OF | (0.o*) i | 3.27 | (72.05) | (3.4t) | ||||||
Total Comprehensive Income (6*7j | t,ass.ss | | z,1at.ss | | t,o8t.+z | s,szo.ss | |||||||
I | I | I | I | ||||||||
9 | 1'4et Pmfit after Tax attributab ie to: | ||||||||||
Owners of the Company | 1,373.38 | | T,434.84 | | t,08J.57 | 5,442.23 | 4,762.97 | ||||||
Non-ConDotling Interest | 0.24 I | 0.05 I | ^ ^ | ^ °+ I | 0.35 | ||||||
I | I | I | I | ||||||||
10 | Other Comprehensive Income attributable to: | ||||||||||
Owners of the Company | I | (67.07j | | (0.0T) | | 3.27 | (72.05) | (3.41 | |||||
Non-Controlling Interest | |||||||||||
I | l | I | I | ||||||||
Total Compnhensive Income attributab ie to: | I | I | I | I | |||||||
Non-Controlling Interest | a.z4 | | a.as | | a.oe | 0.4z | | a.as | ||||||
I | I | I | I | ||||||||
I2 | Paid-eg Equity Share Capital (face value W 2/•) | 110.08 | |||||||||
t3 | Earrings Per l2hare (EPS) on (face value of T 2/-)* Basic end Diluted Earning Per SJaare (Z)
| 24.97 | 26.09 | 19.67 | 98.9â | 86.60 | |||||
14 | Reserves excluding Revaluahon Reserves as at | 36,241.71 | 31,366.58 |
Corporate Office :.
ñg Finance Ltd., 131 Maker To
es, 13th Floor, Cuffe Para
¿Email: lichousing#Iichousing.com.
ai
005
Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8
Registered Office: LIC Housing Finance Ltd. Bombay Life BIdg" 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai - 400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: lichousingOIichousing.com.
J•'4otes to the Consolidate d Financial Resu Its:
1 Stabement of Consoli dated Asseis and Liabilities
Asa 3?%-?0U | Asa Jh03-£24 | ||||||
Audied | Audied | ||||||
ASSETS | |||||||
2 | Financial Assets | ||||||
(a) | Cash and cash equivalents | t,288.58 | 1,422.82 | ||||
(b) | Bank Balance other than (a) above | ABS.85 | 232.52 | ||||
(c) | Receivables | It.62 | 9.94 | ||||
(d) | Loans | 302,778.25 | 280,532.06 | ||||
(e) | Investments | 7,200.75 | 6,33Z.43 | ||||
(f) | Other Financial Assets | 34.58 | 31.17 | ||||
Sut -total - Financial Assets | 3M,t99.63 | 288,565.9t | |||||
2 | Non-Financial Assets | ||||||
(a) | Current Tax Assets (Net) | 588.43 | |||||
(b) | Deferred Tax Assets (Net) | t,299.67 | |||||
(c) | Properf y, Plant and Equipment | I 53.89 | 163.39 | ||||
(d) | Capital Work in Progress | 0.09 | 0.20 | ||||
(e) | Intangible assets under development | ||||||
(f) | Investment Property | 29.t4 | 29.17 | ||||
(g) | Pugh t of Use Assets | t69.44 | 164.14 | ||||
(S) | Goodwill on Consolidation | 0.2t | 0.21 | ||||
(i) | Other Intangible Assets | 24.57 | 31.88 | ||||
(J) | Other Non-Financial Assets | 223.90 | 248.90 | ||||
Sub-total - Non-Financial Assets | 2,540.75 | 2,727.36 | |||||
TofA1 Assets | 314,040.38 | 292,2fi3.30 | |||||
LIABI£1TIES AND EQUITY | |||||||
LIA BILITI ES | |||||||
Financial liabilities | |||||||
(a) | Lease Liabilities | T83.98 | 170.75 | ||||
(b) | Payables | ||||||
(I)Trade Payables | |||||||
(i) total outstanding dues of micro enterprises and small enterprises | J.93 | 0.02 | |||||
(ii) total outstanding dues of creditors otfier than micro enterprises and small enterprises | 214.31 | 784.21 | |||||
(II) Other Payables | |||||||
(i) total outstanding dues of micro enterprises and small enterprises | |||||||
(ii) total outstanding dues of ered tors other than micro enierpiñses and small enterprises | |||||||
(p) | Debt Securities | 161,631.46 | 144,665.32 | ||||
(d) | Borrowings (Other than Debt Securities) | 98,925.98 | 96,136.58 | ||||
(e) | Deposits | 8,187.26 | 9,849.42 | ||||
(f) | Subordinated Liabilities | 1,796.86 | 1,796.33 | ||||
(g) | Other Financial Liabilities | 6,194.05 | 6,364.90 | ||||
Sub-total - Financial Liabilities | |||||||
(a) | Provisions | 364.98 | 338.73 | ||||
(b) | Other Non-Financia1 Liabilities | t84.06 | 306.98 | ||||
Sub-total - Non-financial Liabilities | 549.0t | 645.W | |||||
3 | EQUITY | ||||||
(a) | Equity Share Capital | 110.08 | 110.08 | ||||
(b) | Other Equity | 36,241.71 | 31,366.58 | ||||
(c) | Non Controlling Interest | 3.72 | 3.40 | ||||
W›nCoe)
LIG HOUSING FINANCE LTD
Corporate Ollie
O8CO
G "
CORPORATE
grFICE
nce Ltd., 131 Maker r' ' Pr Isles, 13th Floor, Cuffe Parade, boi 8600, Fax:+91 22 7 8777, Emai): Iichousing0Iichousing.com.
005
Registered Offl
Tel: + 91
inance Ltd. Bombay Life ‹ 2iid/r., 45/47, Veer Nariman Rd, Fort, Mumbai -400 001.
9682/9799/0006, Fax: +91 2*1204 9682, E-mail: Iichousing@Iichousing.com.
Year ended March 30, 2025 | Year ended Macc]n 31, 2024 | |||
A. Cash Flow from Operating A clivities | ||||
Profit Before Tax | 6,878.86 | 6,068.13 | ||
Adjustments hon | ||||
Depreciation, Amortization and Impairment (other tha n Financial Insmiments) | 97.77 | 69.23 | ||
Exchange differences on translation of assets and liabilities (Net) | (0.00) | 0.01 | ||
Impairment on Financial Instruments (Expected Credit Iss) | 285.83 | 1,643.72 | ||
Loss/ (Gain) on disposal of Property, Plant and Equipment | (0.t0) | 0.04 | ||
Dividend and Interest Income classified as Investing Cash Flow's | (0.52) | (043) | ||
Unvñnding of discount | (SI.44) | 180.92 | ||
Interest Expense | 19,528.36 | 18,3818? | ||
Interest Income | (27,689.38) | (2?,06Z.3T) | ||
Share of Minority Adjust ments for | (0.47} | (0.35) | ||
Movements in Provisions and Gratuity | (96.OT) | (4.64) | ||
(Increase)/ Decrease in Other Financial Assets | 40.32 | (M.?9) | ||
(Inerease)/ Decrease in Other Non Financial Assets | 18.12 | 140 | ||
Increase/ (Decrease) in Other Financial Liabilities | (599.90) | |||
Increase/ (Decrease) in Other Non Financial Liabilities | 13.30 | |||
Cash (used in) operations before adjustments for interest received a nd paid | (J,bg3.3g) | |||
Interest Paid | (19,072.38) | (18,022 42) | ||
1merest Received | 27,536.T6 | 27,254.32 | ||
Cash (used in) operations before adjustments for interest received and paid | g,ygg.$g | |||
Income Tax paid | (t,2t0.65) | (1,475.t3) | ||
Net Cash used in Operations | 7,2t2.64 | |||
Loans Disbursed (Net of repayments) | (14,621.14) |
Asset held for sale
Net Cash (Used in) Operating Activities tA)
257.09
(36,609.17}
Cash Flow from Investing Activities
Payments for Property, Flant and Equipment Proceeds from Sale of Property, Plant and Equipment Payments £or Purchase of Invesbnents
Proceeds ivom Sale of Investmenb Dividends Received
Increase in Minority
1'4et Cash Ihow/ {used in) Investing Activities (B)
(Z3.3?)
o.io
0.52
587.29
0.24
(37.45)
0.80
(88.43)
0.43
0.35
c. Cash how fcnm Financing Aclivities Proceeds from Borrowings Repayment of Borrowings
Deposits (Net of repayment) Payment towards Lease Liability Transfer to Investor Protection Fund
Dividends paid to Company's Shareholders
Dividends paid to Non Controlling Interest
wet Cash generated £zozn Finanong Activinee {C)
I 72,751.34 46,420.20
(153,125.87) (136,952.63)
(1,653.64) (1,$99.68)
(6t.73) (53.t2)
(j .§g) (t g )
(495.06) (467.US)
(0.15) (0.15)
Effect of exchange differences on translafion of foreign currency cash and cash equivalents Net Increased {Decrease) in Caeh and Cash Equivalents (A-sB-sC)
Cash and Cash Eq t£lvaIents at the beginning of the Year
Cash and Cash £qu*valenIs at the end of the Year
0.00 (IM.24) 1,42182
(0.01)
641.38
I #.S
Cash and Cash Equivalenb as per above comprise of the following
(i) Cash or hand
(fi) Balances with Banks (of the nature of cash and cash equivalents)
(iii) Cheques and demand hand
Balances as tateme '* *" s
O •If
2.40
1,197.43
88.y5
125.06 ' "
I, 82
0
O
F
CORPORATE W
Corporate Office :
Registered Office:
Tel: + 91 2
e Ltd., 131
0 Fax:+91 2
Ltd. Bombay
/9799/0006, Fax:
rd ' t @ es, 13th Floor, Cuffe Parade,
rd i Iichousing@Iichousing.com.
0 ) .'' , Veer Nariman Rd, Fort,
9 E mail: Iichousing#Iichousing.com.
O&D0B m
LIG H0U6ING FIMANGE LTD
As per the Ind AS 108 dealing with 'Operating Segments', the main segments arid the relevant disclosures relating thereto
a easfollows:
Quarter Ended
Year Ended
Mar 3f, 2025
Dec 3t, 2024
Mar 3t, 2024
Mar 3t, 2025
Mar 33, 2024
Loans
Segment Revenue
7,283.37
7,057.35
6,936.84
28,056.22
27,234.64
Segment Resu It
T,7'69.58
7,793.44
t,4?'6.J8
6,855.8t
6,053.92
Segment Assets
3,t3,926.56
3,06,143.63
2,9t,J67.52
3,73,926.56
2,9T,767.52
Segment Liabilities
2,77,669.7'8
2,77,T88.03
2,59,772.89
2,77,669.78
2,59,772.89
Net Assets
36,256.78
34,955.60
37,394.63
36,256.7'8
31,394.63
Depreciation, AotorbzaLion & Iznpairznent
25.t2
23.95
17.41
93.93
65.42
Eton Cash Expenses other Depreciation,
Amortization H Impairment
y09.38
(43.98)
427.87
28a.83
1,643.72
Other Segments
Segment Revenue
t2.49
26.29
26.?5
J 73.60
92.56
Segment Result
7.43
7.09
8.?g
36.09
2188
Segment Assets
305.t7
28t.66
285.07
305.1?
285.07
Segment Liabilities
t02.36
9t.36
J03.32
02.36
t03.32
Net Assets
202.8J
190.30
181.75
202.81
8J.'75
Depreciation, Amortization 6c Impairment
3.06
1.06
J.03
4d6
4.13
Inter Segment Adjustntents
Segment I'tevenue
(20.30)
(13.65)
(j4.98)
(59.t2)
(49.40)
Segment Result
(6.95)
(2.22)
(2.78)
(13.04)
(j.42)
Segment Assets
(163.70)
(T56.0t)
(39J.34)
Segment Liabilities
(87.27)
(66.97)
(59.72)
(87.27
(59.72)
Net Assets
(t04.0 j
(96.72)
(96.32)
(ROI.0
(96.32}
Depreciation, Amortiza6tion Impairneni
(0.08)
(0.08)
(o o8)
(0.33}
(0.32)
Total
Segment Revenue
7,305.55
7,069.99
6,948.6t
28,1TO.70
27,277.80
Segment £tesult
1,780.05
1,798.31
1,481.77
6,878.86
6,068.J3
Share of profit of Associates
(1.18)
0.52
(0.41)
2.94
3.76
Tax Expenses
406.43
363.42
400.12
1,436.â6
1,304.81
OCI adjustments
(67.07)
(0.01)
3.27
(72.0â]
(3.41)
Share of Profit/(Loss) of Non-Controlling Interest
0.24
0.05
0.08
0.47
0.35
Total Result (Attributable to Owner)
1,306.31
1,434.83
1,084.84
S,370.18
4,759.56
Segment Assets
3,J4,040.38
3,06,261.59
2,91,293.30
3,14,040.38
2,91,293.30
Segment Liabilities
2,77,684.87
2,71,212.42
2,59,813.24
2,77,684.87
2,59,813.24
Net Assets
36,355.51
35,049.17
31,480.06
36,355.SJ
3J,480.06
Depreciation, Amortica hon 6 Impairment
26.41
24.92
18.36
97.77
69.23
Non Cash Expenses other Depreciation,
Amortization H Impairment
t09.38
42781
285.83
J,6t3.72
The accounting policies adopted for segment reporting are in line with the policies of the Group. Segment revenue, segment expenses, segment assets arid segment liabilities have been identified to segments on the basis of their relationship to the operating activihes of the segment.
Transkr prices between operating segments are on an arm's length basis in a manner similar to transactions with third
Loans segment comprises of providing finance for purchase, construcaon, repairs, renovation of house/buildings.
Other Segments comprise of Financial Services segment which involves business of marketing Financial Products and Services on own acco unt as well as for and on behalf of other service provi ders, Construction Segment which establishes and operates assisted living community centres for elderly citizens in India, Asset Management segment which includes promoting and managing different schemes on behaU of LIC Mutual Fund and Trusteeship segment which supervises
acfivities of LIC Mutual Fund.
The Company does not have any material operations outside India and hence, disclosure of geographic segments is not
No single customer represents 10a or more of the Company's total revenue for the year ended March 31, 2025.
O coRP0RATE'o
Corporate OfflcC
nce Ltd., 131 Maker T v
7 8600, Fax:+91 22 2 3'
rBA!
1
13th Floor, Cuffe
{I' chousing#Iichousin .
. c
00005
Registered OfficeL: ingFinance Ltd. Bombay Life Bldg If /47, Veer Nariman Rd, Fort, Mumbai -400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: Iichousing0lichousing.com.
Notes to the Consolidated Financial Results:
LIC HOU6INQ FINANCE LTD
4 be above financial resutb represent the Consolidated financial resul Is for LIC housing fiinance Lñnited and its subsidiaries constirutine the 'Grou p' .
The financial results have been prepared in axordance with the recogniñon and measurement principles laid down in Indian Accounting Standard, notified under Section 133 of the Companies Act, 2013 read with Companies {Indian Accounting Standards) Rules, 2015, as amended from fime to time, and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulafions, 2045, as amended. Any appiication guidance / clarifications / directions issued by the Reserve Bank of India (RBI), the National Housing Bank (NHB) or other regulators are implemented as and when they are issued / become applicable.6 The Board of irectors has recommended a dividend of 1 10/ - per equity share of I 2/- each (500$) ((Previous year 1 9 per equity sharr (450%)) subject to approval o£ the members of the Company at the formcoming Annual General Meeting.
tnFormaTion as required by Reseme Bank of India vide cñcular DOTS.no. BP.BC/3/21.04.048/2020-2t dated August 6, 2020 and circular RBT/2021-22/it ExDR.ATR.REC.it/21.04.048/202T-22 dated May 5, 202a on Ttesolution Framework - 2.0 as at March it, 2025 are given below.Type of borrower
kzposure to
Accounts classified as Standard cortsequen I to implementa hon of resolution plan - Position as at September 30, 2024 (A)
Of (A),
aggregate debt that slipped into NPA during the current half year
Of (A), amount
written off during the current half year
If (A), amount
paid by the borrowers during the current hat I yea r
Exposure to
accounts classified as Standard consequent to implementation of resolution plan - Posifion as ai the end of March 34, 2025.
Personal Loans
1Z15.79
35.US
T5t6.5
Corpora • persons
362.70
13.30
286.0b
Totat
2078.49
2.IB
19S.W
t832.5
There are no loans transferred / acquired during the quarter ended March 31, 2025 uunder the RBI Master Direction on Transfer of Loan Exposure dated Aptember 24, 202a.
The Secured Iisted non-convertible debt securites of the Company are secured by a negative lien on the assets of the Company (excluding current and future receivables and book-debt o£ whatsoever nature o£ the Company on which a first pari-pasu ftoafing charge by way of hypotheration to secure tlne borrowings of the company outstanding as on March 31, 2015 and the unavailed sanctions of the term loans, cash credit and refinance as on March 31, 2015), with a minimum Security cover of 100$ . In addition to above the Debentures would be secured by mortgage on an Immovable Property owed by the Company. Security cover for NCD issued by the company is 1.20 titnes as at March 31, 2025.
In compliance with Regulation 33 and Regulation 52 of the SEB1 (listing Obligations and Disclosure Requirements) Regula fions, 2015, the above results for the financial year ended Math 31, 2025 have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of irectors at their meeting held on May 15, z025. The above results have been Audited / Limited Reviewed by the Joint Statutory Auditors of tne Company.
The figures for the quarrel ended March 31, 2025 and March 31, 2024 are the balancing figures hetween audited figures in respect of the full financial year for 2024-25 and 2023-24 and published unaudited year to date figures upto the third qcarter ended December 31, 2024 and December 31, 20K3, respecfively.
The figures for the previous periods / year have been regrouped wherever necessary in order to make them comparaLile.For and o all of Ihe Board
aging Diwctor & CEO
DI IN : 20229t97
m
CIN NO. : L65922MH1989PLC052257 Website : https://www.Iichousing.com
Corporate Office : LIC Housing Finance Ltd., 131Maker Tower "F" Premises, 13th Floor, Cuffe Parade, Mumbai 400 005 Tel :+ 91 22 2217 8600, Fax:+91 22 2217 8777, Email: IichousingQIichousing.com.
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg., 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai -400 001.
Tel: + 91 22 2204 9682/9799/0006, Fax: +91 22 2204 9682, E-mail: Iichousing@Iichousing.com.
SGCO & Co.LLP.
Chartered Accountants 4A, Kaledonia-HDlL,
2nd Floor, Saliar Rd, Andheri East, Mumbai - 400 069, Maharashtra
Khandelwal Jain & Co. Chartered Accountants
6-11&C, PIL Court, 6"' Floor, 111
M.K. Road, Churchgate, Mumbai 400 020, Maharashtra
Independent .Auditors' Report on the Quarterly and Year to Date Consolidated Financial nesults of LIC Housing Finance Limited Pursuant to the Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of
LIC Housing Finance Limited Mum bar.Report on the audit of the Consolidated Financial Results
We have audited the accompanying Statement of quarterly and year to date Consolidated Financial Resul ts of LIC Housing Finance Ltd. (hereinafter referred to as the "Hold ing Company") and its subsidiaries (Hold ing Company and its subsidiaries together referred to as " the Group") and its associates for the quarter ended March 31, 2025 and for the year endec4 M aich
?'4, 2025 (the "Statement"), attached lieren'ith, being submitted by the Holding Company pursuan I to the requirement .of Regulation 33 ancJ Regulation 52 of the Securifies and Exchange Board of India I (Listing Obligations end Disclosure Requirements) Regulations, 2015, as. amended (" the Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, and baser4 on the consideration of the a udit reports of the other aud itors on separate financial in IormatioJi of subsidiaries and associates referred to in 'Other Matters' section below, the aforesaid Statement:
include the financial results of the bellowing entities: Holding Com pany:
LIC Housing Finance Lim ited
Su bsidiaries:
LICIJFL Financial Services Company Limited
LICHFL Asset Management Company Limited
£,ICHFL Care Homes Limited
Page 1 of 6
SGCO & Co. LLP.Chartered Accountants
Associates:
LIC Mutual Funnel Asset Management Limited
LIC Mu tual Ftind Trustee Management Limited
Khandelwal Jain & Co. Chartered Accountants
‹are presented in accordance with the requirements of Regulations 33 and 52 of the Listing Regula hons in this regard; and
gives a true and fair view in conformity with the recognition and measurement princi ples lai‹j ijown in the applicable Inch ian Accounting StantJards prescribetl untler section 433 of the Companies Act, 2013 (" the Act") reach with relevant Rules tliereunc4er an‹4 other accounting principles generally accepted in India, of the consolidatetJ net profit and other comprehensive income and other financial information of the Group and its associates for the year enc4ec4 March 31, 2025.
Basis for OpinionWe cond uctetl our audit in accorc4ance with the Standards on Auditing (" the SAs") specified under Secticin 143(10) of the Companies Act, 20a3 (" file Act"). Our responsibilities unc4er those Standards are further described in the "Auditor's Responsibilities for the A ur4it of the Consolidated Financial Results" section of our report. We are independent of the Grou p and its associates in accordance with the Code of Ethics issued by the Institute of Charterecl Accountants of India together with the ethical requirements that are relevant to our audit of the ii» i I
statements tim4er the provisions of the Companies Act, 2043 an‹4 the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these r••iuirements and the Code of Ethics. We believe that the audit evidence obtained by us and other aud itors in terms of their reports referred to in "Other Matters" section below, is sufficient and appropriate to provide a basis for our opinion.
Management's and Board of Directors' Responsibilities for the Consolidatetl Financial Results
The Statement have been prepare‹4 on the basis of the consolidated annual financial statements.
The Holding Company's Management and Board of Directors are responsible for the preparation anc4 presentatioii of these Sfatemen t that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including ids associates in accorc4ance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed und‹ir Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listin g Regulations. The respective Management and the Board of
Page 2 of 6
SGCO & Co. LLP.Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Directors of the entities included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarJ ing of the assets of their respective entities anal for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and com pleteness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from ir aterial misstatement, whether d ue to fraud or error, w'hich have been used for the purpose of preparation of the Statement by the Management and Directors of the Holding Company, as aforesaic4
In preparing the Statement, the respective Board of Directors of the entities inclu det4 in the Grain p and of its associates are responsible for assessing the ability of the respective entities to continue as a goin g concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting u nless the Board of Directors either intends to IiquiJ ate the Group and is associates or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group arid of its associates are also responsible for overseeing the financial reporting process of their respective entities.
Auditors' Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance aborit whether the Statement as a whole are free from material misstatement, whether due to fra ud or error, and to issue an audi tor's report that includcs our opinion. Reasonable assurance is a high level of assu rance but is not a guarantee that an audit conducted in accordance with the SAs will always detect a material misstatement when it exists. M isstatemen ts can arise from fraud or error and are considerecJ inateria I if, indivitl ually or in the aggre.gate, they could reasonably be expectecl to infl uence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with the SAs, we exercise professional judgment anci maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit proced ures responsive Io those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatemen t resulting from fraucl is higher than for one resulting from error, as fraud may involve collusion, forgery, intentiona I omissions, misrepresentations, or the override of internal control.
Page 3 of 6
SGCO & Co. LLP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Obtain an understanding of internal control relevant to the audit in order to Yesign audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion throu gis a separate report on the complete set of financial statements on whether the Company has adequate internal financial controls with reference to financial statements in place and operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of t)ie Board of Directors' use of the going concern basis of accounting and, based on the audit ev iJence obtained, whether a material uncertainty exists i elated to events or conditions that may cast significant don bt on the ability of the Grou p and its associates to continue as a going concern. If we conclude diat a material uncertainty ex ists, we are req uired to draw anention in our auditors' report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evic4ence obtained up to t)ae date of our auditors' report. However, future events or conditions may cause the Group and its associates to cease to continuo as a going concern.
V. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underly ing transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results / information of the entities within the Group and its associates to express an opinion on the consolidated financial results. We are responsible for the direction, su pervision and performance of the audit of financial information of such entities included in the consolid ated financial results of which we are the independent auditors. ror the other entities included in the consolidated financial resu Its, which have been audited by other auditors, such other au ditors remain responsible for the direction, supervision and performance of the aud its carried out by them. We remain solely responsible for otir audit opin ion.
We communicate w itli those charged with governance of the holding Com pany and the respective aud itors communicate with those charged with governance of such other entities included in the Statement of which other an ditors are the independent auditors, regarding, among other matters, the planned scope and timiiig of the audit rind significant audit find ings, incluciing any significant deficiencies in internal control that we ic4entif y during our aud it.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarci ing independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our indepenclence, and where applicable, related safeg uards.
pL J4/,j,
Page 4 of 6
SGCO & Co.LLP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
We also performed proced ures in accordance with the Circular No. CIR/CFD/CMD 1/44/2019 dated March 29, 20J9 issued by the SEBI under Regula hon 33(8) of the Listing Regulations, as amen‹Jed, to the extent applicable.
Other Matters
The Statement includes the audited financial results of four sribsic4 iaries, w hose financial statements, before consolidation adjustments, reflect total assets of Rs. 305.17 crore as at March 31, 2025. total revenues from operation of Rs. 40.01 crore and Rs. 405.44 crore and total net Profit after tax of Rs. 12.61 crore and Rs. 26.74 crore and tota[ com prehens ive income of Rs.
2.54 crore and Rs. 26.67 crore for the c}uarter ended March 34, 2025 and for the period from April 01, 2024 to March 34, 2025 respectively, and net cash inflows of Rs. 49.76 crore for the year endec4 March 34, 2025, as considered in the Statement, which have been audited by their respective independent auditors. The independent auditors' reports on financial statemeii ts of these entities leave been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of such independent auditors' and the proceclures performed by us are as stated in the "Responsibilities of the Auditors for the Audit of the Consolid atetJ 1 inancial Ilesn1t" section of this report.
The Statement inclucles the audited financia I results of one associate, whose financial statements, before consolidation adjustments, reflect Group's share of total net profit after tax of Rs. 0.02 crore and Rs. 0.05 crore and Grou p's share of total comprehensive income of Rs.
0.02 crore and Rs. 0.08 crore for the quarter ended March 31, 2025 and for the period from April 04 , 2024 to March 32, 2025 respectively, as considered in the Statement which has been and ited by its independent aura itor. The independent aud itors' report on the financial statements has been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures includec4 in respect of this associate is base‹4 solely on the report of such indepencJent auditors and the procedures performed by us as stated in the "Responsibilities of the Auditors for the Audit of the Consolidated Financial Result" section of this report.
The Statement also includes the Group's share of total net (loss) / profit afler tax of Rs. ( I .20) crore and Rs. 2.86 crore and Group's share of total comprehensive (loss) / income of Rs. (1 .38) crore and Rs. 2.68 crore for the quarter ended March 31, 2025 and for the period from April 01, 2024 to March 3 I, 2025 respectively, in respect of one associate, as considered in the Statement whose financial information has not been audited by its independent auditor. This financial information is unaud ited and has bcen furnished to us by the Management and our opinion on
Page 5 of 6
SGCO & Co. UP.
Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
the Statement, in so far as it relates to the amounts and disclosures included in respect of this associate. is based solely on such unaiidited fi nancial information. In our opinion and according to the information and explanations given to us by the Management, this financial information is not material to the Group.
The Statement incIuc4es the figures for the last quarter of the current and previous financial year being the balancing figures between auditec4 figures in respect of the ftill financial years and the published year to date figures up to die end of thircJ quarter of the current and previous financial year which were subjected to limited review by us.
Our opinion is not mod ified in respect of these matters with respect to our rel iance on the work done and the reports Of the other auditors and the financial information furnished to us by the Management.
For SGCO & Co. LLP
Chartered Accountants
Firm Registration N umber: 442082 W/ WI 00154
Suresh MurarkaPartner
Membership N umber: 044739 UDIN: 250447S9BM1.AKX7037
Mumbo i, May 15, 2025
Poge 6 of 6
ror Khandelwal Jain & Co. Chartered Accountants
*°yppp$ $ ptH
Firm Registration Number: 405 049W
S.S. Shah Partner
Membership Number: 033632 UDIN: 25033632B MMJ UN3248
Mumbai, May 15, 2025
gg/LIC flFL
LIC HOUSING FI NANGE LTD
45th May,2023
he Manager, Listing Department, National tack Exchange of India Ltd., Exchange Plaza, S"' Floor, Plot No. C/ I, G Block, Bandra-Kurla Complex, Ban‹4 ra (E), Mumbai - 400.051 | The General Manager, Department of Corporate Services-Listing Dept., BSE Limited, 25"' Floor, Pliiroze Jeejeebhoy Towers, Da lal Street, Mumbai - 400.002 . |
Scrip ID: LICHSGFIN EQ Ema il: cm list@use.co. in | Scrip Code : 500253 Email: corp.re1ationsObsein‹4ia.com |
Re:- Declaration pursuant to Regulation 33(3) (d) and 52 {3) (a) of Securities and Exchange Board India tListing Obligations arid Disclosure Requirements) Regulations,2046 Declaration
Dear Sir/ Madani,
I, Varsha LIar‹4asa ni, Com pany Secretary and Compliance Officer, of LIC Housing Finance Limited fray ing Registered Office at Bombay Life Building, 2nd filoor 45/ 47, Veer N arima n Roast Fort, Muiibai-400001, hereby declare that the joint Statutory A uc4itors of the Company M/s SGCO ñ Co. LLP. (FRN-2 1208a W/ WI 00184) anet M/s KliandelwnI Ja in & Co. (FRN- 105049YV) have issued an Audited Report w•ith unmodified opinion on auc4itecâ Financial Result of the Company (standalone and Consolidated) for the Financia I Year ended 34 st March, 2025.
This declaration is given in compliance with Regulation 33(3)(d) and 52 (3) (a)of Securities anti Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations,2045 as amencied by of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations,20l6, vide Notification no. SEBI/ LAD-NRO/GN/20J6-47/002 elated May 25, 20J6 and circular no.- CIR/CFD/CMD/56/204.6 dated May 27,2016.
Kindly take this declaration on record.
Yours faithfully,
Fang Finance Limited
F W sani
Company Secretary & Compliance Officer
CIN NO. : L65922MH1989PLC052257 Website : https://www.Iichousing.con
Corporate Offir.e : LIC housing Finance I.td., 131 Maker Tower "F ' PreiJJises. 3tl‹ EIoci, Cuffe +arade. f7urnluai 400.003 Tel :+ 91.22.221? 8600, Fax:+91 22 2217 g77*, Email: IichousingAlicl ousing.com.
Registered Office: LIC Housing Finance Ltrl. Bombay Life Bldg., 2nd flr., ^5/4T, Veer Nariman Rel, Fort, iv!un4Lai 400.001.
Tel: 9T 22 2204 9682/9799 /000G, Fax: +91 22 2204 9G82, E mail. IiclJousinm•@licIJousing con .
LIC HOUSING FINANCE LTD
Housing Finance Ltd., 131 Maker Tower " emis
,* 91 22 2217 8600, Fax:+91 22 2217 8 #
IC Housing Finance Ltd. Bombay Life Bldg., 2n
1 22 2204 9682/9799/0006, Fax: +91 22 220
CORPORATE
loor, Cuffe Parade, Mu 4 5
gQIichousing.com.
Nariman Rd, Fort, Mumbai - 4 il: IichousingdIichousing.com.
Anne sure I
Statement of Information for Iis ted Non-Convertible Debentures ("N CD"):
list oI Listed NC D's issued during the quarter ended March 3 I , 2025
Sr. No.
Series
ISIN
Secured /U nsecured
Amount (Crores)
1
450th
ONE 1 I 5A07 RB7
Secured By Negative Lien
I 245.00
2
45 I st
INE 115 A07RC5
Secured By Negative Lien
2745.00
3
445 Opt ion II Reissue 2
INE1 15A07QW5
Secured By Negative Lien
1003.00
4
452nd
INE1 1 5A07RD3
Secured By Negative Lien
1000.00
5
448ih Reissue I
INE115 A07QZ8
Secured By Negative Lien
700.00
6
452nd Reissue 1
INE 11 5A07 RD3
Secured By Negative Lien
1225.40
7
453rd
lN E115 A07RE 1
Secured By Negative Lien
1000.00
8
4541h
INE115 A07RF8
Secured By Negative Lien
7000.00
iy
CORPORATE
Listed NCD's outstanding as at March 31,2025
Sr. No. | Series | ISI N | Secured /U nsecured | Amount (Crores) | |
1 | 253 | INE11 5A07HG7 | Secured By Negative Lien | 1000.00 | |
2 | 254 | INE11 5 A07H H5 | Secured By Negative Lien | 205.00 | |
3 | 26 I | IN E11 5A07 H P8 | Secured By Negative Lien | 195.00 | |
4 | 264 | INE 11 5 A07 HT0 | Secured By Negari ve Lien | 300.00 | |
5 | 265 | INE 11 5A07 HU8 | Secured By Negative Lien | 500.00 | |
6 | 267-Option 1 | INE 1 1 5A07 HW4 | Secured By Negative Lien | 200.00 | |
7 | 267-Option 2 | INE 11 5A07 HX2 | Secured Bv Negative Lien | 300.00 | |
8 | 271-Option 2 | INE 115 A07 IC4 | Secured By Negative Lien | 210.00 | |
9 | 273-Option 2 | INE115A07I F7 | Secured Bv Negaii ve Lien | 381.00 | |
10 | 275 | ONE 115 A071H3 | Secured By Neeativ'e Lien | I 000.00 | |
1 1 | 279 | INE115 A09 IN 1 | Secured By Nepative Lien | 1000.00 | |
1 2 | 282 | INE115 A071R2 | Secured By Negative Lien | 750.00 | |
13 | 283 | INE 11 5 A07IS0 | Secured By Negative Lien | 750.00 | |
14 | 286 | lN E1 1 5A071W2 | Secured By Negative Lien | 500.00 | |
15 | 287 | INE115 A07I X0 | Secured By Negatl ve Lien | l 000.00 | |
16 | 292 | INE115 A07M19 | Secured By Negal jve Lien | 300.00 | |
17 | 296-Option 1 | fNE11 5A07M M I | Secured By Negative lien | 510.00 | |
18 | 297-Option 2 | INE11 5A07J P4 | Secured By Negatl ve Lien | 495.00 | |
19 | 298 | INE 11 5 A07JQ2 | Secured By Negative Lien | 357.00 | |
20 | 300-Option I | INE 11 5A07J S8 | Secured Bv Negai ive Lien | 500.00 | |
2 I | 300-Option 2 | INE I I 5A07JT6 | Secured Bv Negati ve Lien | 348.80 | |
22 | 303 | INE I I 5A07J W0 | Secured By Neeat+ ve Lien | 472.40 | |
23 | 306-Option 3 | INE11 5A07H6 | Secured Bv Negative Lien | 200.00 | |
24 | 309-Option 2 | INE 115 A07 KM9 | Secured Bv Negati›'e Lien | 500.00 | |
25 | 314 | INE 11 5A07KS6 | Secured By Negaii ve Lien | 1000.00 | |
26 | 320 | INE1 15A07KY4 | Secured Bv Negative Lien | 1000.00 | |
27 | 332 | INE 1 1 5A07LO3 | Secured By Negative Lien | 600.00 | |
28 | 337 | INE115A07LU0 | Secured By Negative lien | 700.00 | |
29 | 341-Option 3 | ONE1 15A07M C6 | Secured By Negati›'e lien | 500.00 | |
30 | 353 | INE115 A07M QG | Secured By hegati ve Lien | 530.00 | |
3 1 | 359 | INE1 1 5A07M W4 | Secured By Negative Lien | 1477.00 | |
32 | 365 | INE115 A07N D2 | Secured By Negative Lien | 912.00 | |
33 | 367-Option 3 | INE11 5A07N H3 | Secured By Negative Lien | 630.50 | |
34 | 369-Option 2 | INE1 15A07N L5 | Secured By Negative Lien | 274.90 | |
35 | 372-Option 2 | INE115 A07N P6 | Secured By Negati› e Lien | l 606.00 | |
36 | 373-Option 2 | INE11 5A07NR2 | Secured By Negati ve Lien | I 522.40 | |
37 | 376 | INE115 A07NU6 | Secured By Negatl ve Lien | I 365.00 | |
38 | 382 | INE11 5A07OB4 | Secured By Negaii ve Lien | 3400.00 | |
39 | 386 | INE11 5A07OF5 | Secured BY Negative Lien | 2500.00 | |
40 | 397 | INE11 5 A07OR0 | Secured By Negative Lien | I I 20.09 | |
41 | 403 | INE11 5A07OY6 | Secured By Negative Lien | 500.00 | |
42 | 409 | INE1 15A07PF2 | Secured By Negative Lien | 000 | |
43 | 403 | INE1 15 A07OY6 | Secured By Negative Lien | 990.0t | |
44 | 4ll | INE1 1 5A07 PH8 | Secured By Negative Lien | 320.00 | |
45 | 412 | INE11 5A07P16 | Secured By Negaii ve Lien | 1500.00 | |
INE11 5A07PK2 | Secured By Negative Lien | 550.00 | |||
INE1 15A07PL0 | Secured By.Negaiixe Lien. | 975.00 | |||
INE115 A07P H8 | Secured By Nñgati Mehen | 420.00 | |||
fNE11 5A07 PK2 | Secured/Qy egai ive Lier( \ | 1120.00 | |||
50 | 417-Option I | lNEl 15A07PN6 | Secured By Negati›'e Lien | 1000.00 | O | ||
51 | 417-Option 3 | INE115A07PP I | Secured By Negative Lien | 750.00 | |||
52 | 417-Option 3 | lNEl 15A07PP I | Secured By Negati›'e Lien | 250.00 | |||
53 | 417-OpIion 3 | fNE1 I 5A07PP 1 | Secured By Negative Lien | 657.00 | |||
54 | 419-Option 2 | fNEl I5A07PR7 | Secured By Negative Lien | 500.00 | |||
55 | 419-Option 2 | INE1 I5A07PR7 | Secured By Negative Lien | 300.00 | |||
56 | 420-Option 1 | lNEl I5A07PT3 | Secured By Negative Lien | I 275.00 | |||
57 | 420-Option 2 | INE1 l5A07PU1 | Secured By Negative Llen | 11 00.00 | |||
58 | 421 | INEl l5A07PV9 | Secured By Negative Lien | I 000.0t | |||
59 | 422 | INE1 I5A07PW7 | Secured By Negative Lien | 500.00 | |||
60 | 417-Option 3 | INE1 l5A07PPl | Secured B}' Negative Lien | 1350.00 | |||
61 | 421 | INEI l5A07PV9 | Secured By Negative Lien | I 500.00 | |||
62 | 422 | INEi I5A07PW7 | Secured By Negative Lien | 2500.00 | |||
63 | 424-Option I | INE I I 5A07PY3 | Secured B}' Negat+ve Lien | l 500.00 | |||
64 | 424-Option 2 | INE1 I5A07PZ0 | Secured By Negative Lien | 1500.00 | |||
65 | 424-Option 1 | lNEl I 5A07PY3 | Secured By Negative Lien | 2000.00 | |||
66 | 425 | INEl l5A07QAl | Secured By Negatlve Lien | 1500.00 | |||
67 | 426 | tNEl i5A07QB9 | Secured By Negative Lien | 1175.50 | |||
68 | 353 | INE} I5A07MQ6 | Secured By Negative Lien | 2500.00 | |||
69 | 426 | INE} I5A07QB9 | Secured By Negati›'e Lien | 571.00 | |||
70 | 426 | INEl l5A07QB9 | Secured By Negative Lien | 500.00 | |||
7l | 425 | INEI I 5A07QA1 | Secured By Negative Lien | 300.00 | |||
72 | 427 | INEI I5A07QC7 | Secured By Negati›'e Lien | 500.00 | |||
73 | 428 | INEI I5A07QD5 | Secured By Negative lien | 625.00 | |||
74 | 429 | INEI I5A07QE3 | Secured By Negative Lien | 800.00 | |||
75 | 430 | INE1 I5A07QF0 | Secured By Negative Lien | 1150.00 | |||
76 | 431 | lNEl I5A07QG8 | Secured By Negative Lien | 303.00 | |||
77 | 359 | INEI I5A07MW4 | Secured By Negative Lien | 2011.00 | |||
78 | 428 | lNEl l5A07QD5 | Secured By Negative Lien | 855.00 | |||
79 | 432 | lNEl 15A07QHG | Secured By Negative Lien | 1035.00 | |||
80 | 432 | lNEl 15A07QH6 | Secured By Negative Lien | 300.00 | |||
81 | 431 | lNEl 15A07QG8 | Secured By Negative Lien | 450.00 | |||
82 | 429 | INEl l5A07QE3 | Secured By Negative Lien | 1000.00 | |||
83 | 427 | INEI 1SA07QC7 | Secured By Negative Lien | 1730.00 | |||
84 | 433 | INEI l5A07QI4 | Secured By Negative Lien | 1105.00 | |||
85 | 434-Option 1 | fNEI I 5A07QJ2 | Secured Bv Negative Lien | 1040.00 | |||
86 | 434-Option 2 | INEI I 5A07QK0 | Secured By Negatw'e Lien | 4960.00 | |||
87 | 434-Option I | INEI I 5A07QJ2 | Secured By Negative Lien | l 500.00 | |||
88 | 428 | INEI I 5A07QD5 | Secured By Negative lien | 1000.00 | |||
89 | 435 | IMEI I5A07QL8 | Secured Bv Negative Lien | 1250.00 | |||
90 | 420-Option 2 | INE1 l5A07PU 1 | Secured By Negative Lien | 1784.00 | |||
91 | 436 | INEl l5A07QM6 | Secured Bv Negative Lien | 941.00 | |||
92 | 409 | lNEl l5A07PF2 | Secured By Negative Lien | 500.00 | |||
93 | 433 | INEl I5A07QI4 | Secured By Negative Lien | 2000.00 | |||
94 | 376 | INEl l5A07NU6 | Secured By Negative Lien | 1000.00 | |||
95 | 437 | INEI l5A07QN4 | Secured By Negati›'e Lien | I 300.00 | |||
96 | 372-Option 2 | INEI l5A07NP6 | Secured Bv Negative Lien | 50 I .00 | |||
97 | 437 | INEI I5A07QN4 | Secured Bv Negative Lien | I 642.30 | |||
98 | 437 | INEI I5A07QN4 | Secured By Negative Lien | 800.00 | |||
99 | 438 | lNEl I5A07QO2 | Secured By Negative Lien | I 005.00 | |||
100 | 438 | INEl I5A07QO2 | Secured By Negative Lien | 1190.00 | |||
101 | 437 | lNEl I5A07@N4 | Secured By Negative Lien | 503.00 | |||
102 | 438 | INE115A07@O2 | Secured By Negative Lien | 505.00 | |||
103 | 439 | INE115A07QP9 | Secured By Negative Lien | 3470.00 | |||
104 | 417-Option 1 | INE1 l5A07PN6 | Secured By. Negative Lien | 1780.00 | |||
105 | 440 | INE1 I5A07QQ7 | Secured By Negative Lien | 2105.00 | |||
106 | 441 | INEl l5A07QR5 | Secured By Negative Lien | 1004.00 | |||
107 | 442 | lNEl 15A07QS3 | Secured By Negative Lien | 2570.00 | |||
108 | 440-Reissue I | lNEl 15A07QQ7 | Secured By Negative Lien | 1510.00 | |||
109 | 443 | INE1 l5A07QTl | Secured By Negative Lien | 750.00 | |||
110 | 386-Reissue 1 | INEl l5A07OF5 | Secured By Negative Lien | 752.00 | |||
111 | 443-Reissue I | INEI l5A07QT 1 | Secured By Negative Lien | 500.00 | |||
112 | 441-Reissue I | lNEl l5A07QR5 | Secured By Negative Lien | 75 I.00 | |||
113 | 444 | fNEl l5A07QU9 | Secured By Negative Lien | 1050.00 | |||
114 | 445-Option | fNEl I5A07QV7 | Secured By Negative Lien | 1500.00 | |||
115 | 445th Option II | lNEl l5A07QW5 | Secured By Negative Lien | 710.00 | |||
1J@, | 444-Reissue 1 | INEI I 5A07QU9 | Secured By Negative Lien | 2500.00 | |||
117 "yt | @6 | INEI I 5A07QX3 | Secured By Negative Lien | 1625.00 | |||
US ii;i | QS-Option I Reissue 1 | INEI I 5A07QV7 | Secured By Ne ati‹@Yien | 1730.0 | |||
IQ/ | Cth | INE11 5A07QY I | Secured By ga9ie Lien | 1300.0 | |||
Fl/y
ñ 8'^
CoRPORATE
OFFICE
m
120 | 445th Option II Reissue I | INE 1 I5A07QW5 | Secured By Negative Lien | I 500.00 | |
121 | 447tll Reissue 1 | INEl l5A07QY 1 | Secured By Negative lien | 1000.00 | |
122 | 448th | fNEl l5A07QZ8 | Secured By Negative Lien | 1315.00 | |
123 | 441st Reissue 2 | INE1 I5A07OR5 | Secured By Negative Lien | I 030.00 | |
124 | 449th | INEl 15A07RA9 | Secured By Negative Lien | 1275.00 | |
125 | 4l9th Option II Reissue 2 | INE 115A07PR7 | Secured By Negative Lien | 605.00 | |
126 | 449th Reissue 2 | TNE I l5A07QY I | Secured By Negative Lien | 163500 | |
127 | 450th | lNEl I 5A07RB7 | Secured By Negative Lien | 1245.00 | |
128 | 45lst ' | lNEl I5A07RC5 | Secured By Negative Lien | 2745.00 | |
129 | 445 Option H Reissue 2 | INE 1 I 5A07QW5 | Secured By Negative Lien | 1003.00 | |
130 | 452nd | fNEl I5A07RD3 | Secured By Negative Lien | 1000.00 | |
131 | 448th Reissue 1 | INE 1 l5A07QZ8 | Secured By Negative Lien | 700.00 | |
132 | 452nd Reissue 1 | lNE 115A07RD3 | Secured By Negative Lien | 1225.40 | |
133 | 453rd | INEl l5A07Rfi 1 | Secured By Negaii›'e Lien | 1000.00 | |
134 | 454th | INEI 45A07RF8 | Secured By Negative Lien | 7000.00 | |
135 | 4l6th issue ZCD | INE I I 5A07PM8 | Secured By Negative Lien | 675.00 | |
136 | 4l6th Reissue 1 ZCD | lNEl l5A07PM8 | Secured By Negative Lien | 72500 |
O
CORPORATE
orrlCE
SGCO & Co.LLP.
Chartered Accountants 4A, Kaledonia-HDlL,
2nd Floor, Sahar R‹J, Andheri East, Mum bar - 400 069, Maharashtra
Khandelwal Jain & Co. Chartered Accountants
6-B&C, PIL Court, 6' Floor, Ill
M.K. Road, Churchgate, Mumbai 400 020, Maharashtra
Independent Statutory Auditor's Certificate with Respect to maintenance of Security Cover as pursuant to regulations of 54 read wirh negulation 56{1){d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure nequirements) Regulations, 2015 (as amended)
To,
The Board of Directors of
LIC Housing Finance Limited 231, Maker Tower "F" Premises, 43th Floor, Cuffe Parade, Mumbai - 400005
Dear Sirs,
Accountants, are Joint Statutory Aud'itors of the LIC Housing Finance Limited ("the
Company") and have been requested by the Company to certify the accompanying Statement showing 'Security Cover' for the listed non-convertible debt securities as at March 32, 2025 (the "Statement") pursuant to the requirements of the Regulation 54 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2045, as amended, (the "SEBI Regulations"). The Company has prepared the details of security cover available for debenture holders in accordance with the audited standalone financial statements as at March 34, 2025 and other relevant records/documents maintained by the Company as per acconi panying Statement. We have stamped the same for identification purposes.
We understand that this certificate is required by the Company for the purpose of submission with Bombay Stock Exchange Limited; National Stock Exchange of India Limited and IDBI Trusteeship Services Limited with respect to maintenance of asset cover in respect of listed non-convertible debt securities of the Company as per Regulation 54 of Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulation, 2015 ("Regulations") in the format notified by SEBI vide circular no. SEBI/ HO/ MIRSD/ MIRST CRADT I CIR/ PI 2022/67 dated May 4 9,2022 and also certify the particulars contained in the accompanying Statement of information for listed Non-Convertible Debentures devoted herewith "(Annexure I)" of the Company for the quarter ended and year ended March 31, 2025.
Page 1 of 4
SGCO & Co. LLP.Chartered Accountants
Khandelwal Jain & Co. Chartered Accountants
Management Responsibility
The preparation of the "Statement of Security Cover" and "Annexure I" is the responsibility of the Mono gement of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility inclu des the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; ance making estimates that are reasonable in the circu mstances.
The Management of the Company is also responsible for ensuring that the Company complies with all the relevant requirements of the SEBI Regulations, the circular and for providing all relevant information to the Stock Exchange.
Auditor's Responsibility
Pursuant to the requirements of the SEBI Regulations and the circular, it is our responsibility to provide a limited assurarice as to whether any matter has come to our mention that causes us to believe that as at March 31, 2025, the Company has not maintained security cover os per the terms of the Information Memorandum / Placement Memorandum and Debenture Trust Deeds.
'Ve have audited the standalone financial statements of the Company for the year ended March 31, 2025 and issued an unmodified audit opinion vide our report dated May 45, 2025. Our audit of such financial statements was conducted in accordance with the Standard on Auditing specified under Section 143(30) of the Companies Act, 2033 ("the Act") and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India ("ICAI"). Those standards require that we plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free from material misstatements. Further, we have not audited any financial statements of the Company as of any date or for any period subsequent to March 31, 2025.
We conducted our examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Note requires that we com ply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India.
We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 4 , Quality Control for Firms that Perform Audits and Reviews of Historical
Financia 1 Information, and Other Assurance and Related Services Engagements
; w
-""
Page 2 of 4
SGCO & Co. LLP. Chartered Accountants Khandelwal Jain & Co.Chartered Accountants
Our scope of work did not involve us performing audit tests for the purposes of expressing an opinion on the fairness or accuracy of any of the financial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the financial results, specified elements, accounts or items thereof, for the purpose of this report. Accordingly, we do not express such opinion.
The [ rocedu res performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a réasonable assurance engagement; and consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Limited assurance engagement includes performing procedures to obtain sufficient appropriate audit evidence on the reporting criteria mentioned in paragraph 5 above. The procedures selected depend on the auditor's judgment, including the assessment of the associated risks with the reporting requirements. We have performed the following procedures in relation to the Statement:
Obtained and read on a test check basis, the Debenture Trust Deeds and the Information Memorandum in respect of the secured Debentures and noted the particulars of security cover and the security cover percentage required to be maintainecl by the Company in respect of such Debentures, as indicated in the Statement.
Traced and agreed the principal amount of the Debentures outstanding as at March 31, 2025 to the standalone financial statements referred to in paragraph 6 above and the books of account maintained by the Company as at and for the year ended March 3J, 2025.
Traced the book value of assets indicated in the Statement to the standalone financial statements as at and for the year ended March 31, 2025 referred to in paragraph 6 above and other relevant recorc4s maintained by the Company.
Obtained the list of the security cover maintained by the Company.
Obtained the list and the book value of assets placed uncler lien or encumbrance for the purpose of obtaining any other loan and determined that such assets are not included in the calculation of security cover in respect of the Debentures on a test check basis.
g) Performed necessary inquiries with the Management and obtained necessary representations.
Page 3 of 4
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LIC Housing Finance Limited published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 14:42 UTC.