Sammaan Capital appoints P.S. Negi as LIC nominee director
- Sammaan Capital appointed P.S. Negi as LIC nominee director effective Sep 30, 2026
- Rajiv Gupta ceased to be a director following withdrawal of LIC nomination
- Negi serves as Zonal Manager (I/C) at LIC's North Central Zone in Kanpur
- Appointment approved by board on Nomination and Remuneration Committee recommendation

*this image is generated using AI for illustrative purposes only.
Sammaan Capital appointed P.S. Negi as a non-executive nominee director on the board of Life Insurance Corporation of India (LIC) with effect from September 30, 2026.
The appointment follows a nomination letter received from LIC on August 13, 2026. The board approved the move based on the recommendation of the Nomination and Remuneration Committee. Negi currently serves as Zonal Manager (In-charge) at LIC’s North Central Zonal Office in Kanpur.
Consequent to this appointment, Rajiv Gupta ceased to be a director of the company on September 30, 2026. The board acknowledged Gupta’s contributions during his tenure as LIC nominee director.
Director profile and disclosures
P.S. Negi holds a Master of Science degree in Mathematics and has been associated with LIC for an extended period. He is not related to any other director of Sammaan Capital and is not debarred from holding office by SEBI or any other authority.
| Particular | Details |
|---|---|
| Appointed Director | P.S. Negi |
| DIN | 11918934 |
| Current Role | Zonal Manager (I/C), LIC North Central Zone |
| Effective Date | September 30, 2026 |
| Ceasing Director | Rajiv Gupta |
| Ceasing Date | September 30, 2026 |
The filing was made under Regulation 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Sammaan Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | -4.09% | -6.35% | -7.96% | -11.49% | -32.98% |
How might P.S. Negi's background in mathematics and LIC operations influence Sammaan Capital's future risk management or investment strategies?
What are the potential implications of this director rotation for the strategic alignment between LIC and Sammaan Capital in the housing finance sector?
Will the change in LIC's nominee director lead to any revisions in Sammaan Capital's corporate governance policies or related-party transaction approvals?


































