IIFL Finance Limited has disclosed the completion of tenure of Mr. T S Ramakrishnan (DIN: 09515616) as Non-Executive Nominee Director of Life Insurance Corporation of India on the company's Board. The cessation is effective from October 25, 2026.
Reason for Change
The change is due to "Completion of tenure as Non-Executive Nominee Director" based on instructions received from Life Insurance Corporation of India. Mr. Ramakrishnan's tenure concluded on October 25, 2026.
Board Appreciation
The Board of Directors and Management of IIFL Finance Limited have placed on record their appreciation for the contributions made by Mr. T S Ramakrishnan during his association with the company and for his active participation in the decision-making processes of the Board.
Director's Communication
Mr. T S Ramakrishnan submitted a letter dated October 23, 2026, to the Board of IIFL Finance Limited, confirming the completion of his tenure as Non-Executive Nominee Director of LIC on October 25, 2026. He expressed gratitude for the opportunity to serve on the Board and contribute to the strategic direction and governance of the company.
Impact Assessment
The disclosure does not quantify any financial impact of this director change. The change represents a routine board composition update following the completion of a nominee director's term.