Life Insurance Corporation of India has announced the superannuation of four senior management personnel effective December 31, 2025, after the close of office hours. The retirement follows regulatory compliance requirements and marks significant changes in the corporation's senior leadership structure.

Senior Management Personnel Superannuating

The corporation disclosed the complete list of officials who will be superannuating from their positions:

Regulatory Compliance and Disclosure

The superannuation announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. LIC has formally communicated this development to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The notification was sent to both stock exchanges with the following details:

Official Documentation Process

Company Secretary & Compliance Officer Anshul Kumar Singh digitally signed the official communication on December 31, 2025. The intimation has been made available on the corporation's official website at www.licindia.in , ensuring transparent communication with all stakeholders including policyholders, investors, and regulatory authorities.

The superannuation of these senior management personnel represents a significant transition in LIC's organizational structure, particularly affecting the legal, information transparency, and training functions of India's largest life insurance company.

LIC of India has disclosed receiving a Goods & Service Tax (GST) demand order from Karnataka State authorities totaling ₹1.84 crores for the financial year 2021-22. The insurance giant made this disclosure under Regulation 30 of the SEBI Listing Regulations.

GST Demand Details

The demand order was issued by the Deputy Commissioner, Large Taxpayers Unit-LTU, Bengaluru, Karnataka, and pertains to alleged excess Input Tax Credit (ITC) claims. The total demand comprises multiple components as detailed below:

Timeline and Communication

The company received the official communication from the Karnataka authorities and promptly disclosed this information to the stock exchanges.

Impact Assessment

LIC of India has assessed the financial impact of this demand order and provided the following key details:

Company's Position

The insurance corporation has clarified that while the financial impact of the demand exists to the extent of the GST, interest, and penalty amounts, there is no material impact on the company's financials, operations, or other activities. This suggests that LIC of India views the demand as manageable within its current financial framework.

Next Steps

The demand order is appealable before the Commissioner (Appeals), Karnataka, providing LIC of India with an avenue to contest the allegations of excess Input Tax Credit claims. The company has made this information available on its official website at www.licindia.in for stakeholder reference.

This disclosure demonstrates the company's commitment to transparency and compliance with regulatory requirements, ensuring that investors and stakeholders are kept informed of material developments that could potentially impact the organization.