Prof. Anil Kumar ceased to hold the position of Independent Director of Life Insurance Corporation of India upon completion of his term on July 19, 2026. This development impacts the governance structure of the corporation as he vacated key leadership roles across multiple committees immediately following the end of his tenure.

Consequent to his cessation as Independent Director, Prof. Anil Kumar (DIN: 09477565) is no longer associated with the Executive Committee, ESG Committee, Risk Management Committee, and Audit Committee. He also ceased to be a member of the Stakeholders Relationship Committee, Committee for Review of Wilful Defaulters, and Building Advisory Committee.

Additionally, Prof. Kumar stepped down from his position as Chairperson of the Nomination and Remuneration Committee and the Policyholder Protection, Grievance Redressal and Claims Monitoring Committee. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table details the committees from which Prof. Anil Kumar ceased to be a chairperson or member:

*Note: Chairperson of the Nomination and Remuneration Committee and the Policyholder Protection, Grievance Redressal and Claims Monitoring Committee.

LIC of India witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 22,28,986 shares changing hands in a single transaction. The deal was executed at a price of ₹436.45 per share, aggregating to a total transaction value of ₹97.28 crore.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this scale are typically executed by large institutional investors and are reported separately from regular market transactions. The trade in LIC of India reflects considerable institutional interest in the counter at the prevailing price level.