Life Insurance Corporation of India has informed stock exchanges of a change in its Senior Management Personnel pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, bearing reference number LIC/SE/2026-27/22, was dated May 04, 2026.

Senior Management Personnel Change

Mr. Jose George has ceased to hold the position of Senior Management Personnel (SMP) at Life Insurance Corporation of India with effect from May 04, 2026. The cessation follows Mr. Loganathan Chendurnathan taking over charge as Director, Zonal Training Centre, Chennai.

The details of the official who has ceased to hold the SMP position are as follows:

Regulatory Disclosure

The intimation was submitted to the Listing Departments of both BSE Limited and the National Stock Exchange of India Ltd. in compliance with applicable listing regulations. 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 & Compliance Officer, on behalf of Life Insurance Corporation of India.

LIC of India has announced the cessation of two Independent Directors upon completion of their respective terms. The insurance giant informed stock exchanges about this corporate governance development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Director Cessation Details

Shri Vinod Kumar Verma (DIN: 09309031) and Dr. Ranjan Sharma (DIN: 09573799) ceased to hold their positions as Independent Directors on April 28, 2026, after the close of day. Both directors completed their terms as scheduled, marking the end of their tenure with the corporation.

Committee Responsibilities Impact

Consequent to their cessation as Independent Directors, both individuals also stepped down from their roles as chairpersons and members of various board committees. The impact on committee structure is significant given their extensive involvement across multiple governance bodies.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corporation has fulfilled all disclosure requirements as mandated under the listing regulations, providing comprehensive details about the cessation in the prescribed format.

The information has been disseminated to both BSE Limited and National Stock Exchange of India Ltd., ensuring proper market communication. Additionally, the corporation has made this information available on its official website at www.licindia.in for stakeholder access.

Corporate Governance Transition

The cessation represents a planned transition in the corporation's board composition as both directors completed their scheduled terms. The disclosure confirms that neither director was debarred from holding directorship positions by SEBI or any other regulatory authority, indicating a routine completion of tenure.

The company secretary and compliance officer, Anshul Kumar Singh, signed the regulatory filing, ensuring proper corporate governance protocols were followed in announcing these board changes.