Life Insurance Corporation of India has accepted the resignation of its Chief Financial Officer, Sunil Agrawal, effective July 14, 2026. The executive stepped down to pursue better prospects, marking a key leadership change at the state-owned insurer.

Resignation Details

Sunil Agrawal submitted his resignation via a letter dated June 24, 2026. He will cease to be the Chief Financial Officer and Key Managerial Personnel of the Corporation at the close of business hours on July 14, 2026. The Corporation acknowledged his valuable contributions and wished him success in his future endeavours.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Life Insurance Corporation of India has fixed June 25, 2026, as the record date to determine member eligibility for the final dividend for the financial year 2025-26. The Board of Directors has recommended a final dividend of ₹10 per equity share of ₹10 face value, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days of the AGM approval date.

The 5th AGM is scheduled to be held on Monday, July 27, 2026, at 11:00 AM via video conference (VC) or other audio-visual means (OAVM). Members can participate and vote remotely using the facilities provided by National Securities Depository Limited (NSDL). The meeting will be conducted in compliance with the provisions of the Life Insurance Corporation Act, 1956, and the Companies Act, 2013.

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Corporation published the notice for the 5th AGM and the record date for the final dividend in newspapers on June 16, 2026. The notice was published in The Times of India (English), Navbharat Times (Hindi), and Maharashtra Times (Marathi).

The annual report for FY26 and the AGM notice will be sent electronically to members whose email addresses are registered with their depository participants or the Registrar and Share Transfer Agent (RTA), Kfintech Technologies Limited. Members must register or update their email addresses by June 24, 2026, to receive the electronic copies. Physical copies will be sent via post to members who do not register their email addresses in time.

All dividend payments will be made through electronic modes approved by the Reserve Bank of India (RBI). Physical instruments such as dividend warrants or demand drafts are no longer valid. Members are requested to ensure their PAN, KYC, and bank details are updated to facilitate seamless credit. Additionally, tax deducted at source (TDS) will be applicable on dividend income as per the Income Tax Act, 2025, and members must submit their tax status and documents by June 24, 2026, to ensure compliance.

Key AGM and Dividend Details