LIC Housing Finance Limited (LICHFL) announced key changes to its Senior Management Personnel (SMP) effective March 25, 2026. The Board, acting on committee recommendations, approved the Extension of Tenure for Chief Risk Officer, Shri J. Sangameswar, until April 30, 2028. Additionally, the company confirmed the Appointment of Shri Jimit Narendra Shah as the new Chief Information Security Officer (CISO).
Key Changes in Senior Management Personnel
LIC Housing Finance Limited has officially informed the stock exchanges regarding significant changes within its Senior Management Personnel (SMP) structure, effective March 25, 2026. These decisions followed recommendations made by the Nomination and Remuneration Committee.
Appointments Confirmed on March 25, 2026
The Board of Directors formally approved the following personnel actions:
- Shri J. Sangameswar, currently serving as Chief Risk Officer (CRO), received an Extension of Tenure.
- Shri Jimit Narendra Shah was confirmed in the role of Chief Information Security Officer (CISO) via a new Appointment.
Detailed Tenure and Appointment Updates (Annexure A)
Further specifics regarding the reasons and timelines for these changes were detailed in the mandatory disclosure annexure:
Shri J. Sangameswar (CRO)
- Reason for Change: Extension of Tenure.
- Effective Dates: The extension is effective from May 09, 2026, and will continue up to April 30, 2028.
- Profile Summary: Mr. Sangameswar is a veteran in the housing finance sector with over three decades of experience in risk management and credit appraisal. He holds an AICWA designation and a Master’s degree in Commerce.
Shri Jimit Narendra Shah (CISO)
- Reason for Change: Appointment.
- Date of Appointment: 10th April, 2026.
- Profile Summary: Mr. Shah is an experienced Cyber Security leader with over 15 years in GRC and technology risk management. He possesses an MBA in Information Systems and an ISO 27001 Lead Auditor certification, previously serving at Aditya Birla Housing Finance Ltd.
Source: BSE
