Life Insurance Corporation of India has disclosed a change in its Board of Directors following a Central Government notification. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Corporation informed the stock exchanges on May 13, 2026, that the Central Government, vide Notification No. eF. No. 6/2(vi)/2022-BO.I dated May 13, 2026, has nominated Shri Sanjay Lohiya as Government Nominee Director on its Board, in place of Ms. Shalini Pandit.

Board-Level Change at LIC

The appointment of Shri Sanjay Lohiya takes effect from May 13, 2026, and remains valid until further orders. The change has been effected in terms of powers conferred under Section 4(2)(d) of the Life Insurance Corporation Act, 1956. The key details of both the appointment and cessation are summarised below.

Appointment of Shri Sanjay Lohiya

Cessation of Ms. Shalini Pandit

Profile of Incoming Director

Shri Sanjay Lohiya is an IAS Officer of the 1994 batch belonging to the Assam Meghalaya cadre. He has joined as Special Secretary, Department of Financial Services, Ministry of Finance. Prior to this role, he served as Additional Secretary in the Ministry of Mines. He joined the Indian Administrative Service after graduating from St. Stephen's College, Delhi University.

During his career, Shri Lohiya has held several notable positions, including:

• Principal Secretary to Chief Minister, Government of Assam
• Joint Secretary, Ministry of Agriculture
• Director, Prime Minister's Office (PMO)
• Additional Secretary, Ministry of Mines

During his tenure at the Ministry of Mines, he implemented a number of reforms in the mining sector, focusing on expediting exploration coverage, promoting private sector participation in exploration, fast-tracking auction of mineral concessions, and promoting ease of doing business in the mining sector. He was also assigned duties for the post of Chairman-cum-Managing Director, NALCO from 02.11.2024 to 08.01.2025.

Committee Memberships Affected

Consequent to Ms. Shalini Pandit's cessation as Government Nominee Director with effect from May 13, 2026, she also ceased to be a member of the following Board committees:

• Executive Committee
• Nomination & Remuneration Committee
• Audit Committee
• Risk Management Committee

The disclosure was filed by Anshul Kumar Singh, Company Secretary & Compliance Officer of Life Insurance Corporation of India, and a copy of the intimation has been made available on the Corporation's website at www.licindia.in .

Life Insurance Corporation of India has notified the stock exchanges of a forthcoming Board of Directors meeting, scheduled for Thursday, May 21, 2026. The intimation, bearing reference number LIC/SE/2026-27/25 and dated May 13, 2026, was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to address two key items on the agenda. The following table summarises the matters to be considered:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Corporation's Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in shares of the Corporation has been closed for insiders. The key dates related to the trading window restriction are outlined below:

• Closure Date: April 01, 2026
• Re-opening Date: 48 hours after the Board Meeting, i.e., May 23, 2026

This restriction applies to all designated insiders of the Corporation during the specified period.

Regulatory Compliance and Disclosure

The intimation has been formally communicated to the listing departments of both major stock exchanges. Life Insurance Corporation of India has also made this disclosure available on its official website at www.licindia.in . The communication was signed by Anshul Kumar Singh, Company Secretary and Compliance Officer, on May 13, 2026.