GIC Housing Finance Limited informed that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors have passed a circular resolution approving the appointment of Shri Vaijinath M. Gavarshett, Shri Kishore Garimella and Shri S. J. Krishnan said 3 Directors as "Additional Directors (Independent Directors)" on the Board of Company for a period of 2 years effective from 6th January, 2022 subject To Approve the Shareholders of the Company as per applicable regulatory provisions. Shri Vaijinath M. Gavarshetty - MBA (Finance), has over 33 years of experience in Banking sector with State Bank of India (SBI) in various capacities & positions including as (i) Chief General Manager & Head of Bank's Real Estate & Housing Finance Business (ii) Zonal Head of one of the largest & most vibrant Zones of SBI (Western Maharashtra) (iii) nominee Director on the Board of a Listed Corporate and also as (iv) Faculty /Trainer in Bank's apex Training Institute. Shri Kishore Garimella - M.Sc (Tech) Electronics from Andhra University and PGSM (MBA) ­ IIM (Bangalore) has over 32 years of experience in Information Technology Industry where he has managed full lifecycle deliveries of multiple medium and large projects and programs for a number of customers, led large System Integration (SI) programs, handled number of consulting engagements which include product conceptualization, information system planning, and merger /acquisition evaluations.

Shri S. J. Krishnan, a Chartered Accountant, Cost Accountant and a former IRS Officer has over 35 years of rich industry experience in the field of Account, Audit, Tax & Finance etc. Shri S. J. Krishnan has serviced various key posts during his tenure in Tax Department (Direct & Indirect).