India Cements LIC Nominee Director Change

Nature of Change:

Life Insurance Corporation of India (LIC) has replaced its nominee director on the board of The India Cements Limited
Mr. Y Viswanatha Gowd (DIN: 09048488) ceased to be the Nominee Director effective 6th August 2026 due to term expiration
Mr. Tribhuwan Adhikari (DIN: 10229197) appointed as new Nominee Director representing LIC effective 7th August 2026

Appointment Details:

Appointment based on recommendation of the Nomination and Remuneration Committee
Subject to approval of the Members of the Company
Mr. Adhikari is liable to retire by rotation

Director Profile - Mr. Tribhuwan Adhikari:

Direct Recruit of the 17th Batch joined LIC of India in September 1989
Over 3 decades of experience with LIC working across West Bengal, Bihar, Uttar Pradesh, Uttarakhand, and Maharashtra
Extensive marketing background with positions including Branch Manager, Chief Manager, and Marketing Manager
Held independent charge of two LIC Divisions: Dehradun (Uttarakhand) and Kanpur (Uttar Pradesh)
Administrative experience as Manager Information Technology and Regional Manager in various functions
Currently serving as Managing Director & Chief Executive Officer of LIC Housing Finance Limited since 3rd August 2023
Previously served as Chief Operating Officer of LIC Housing Finance Limited from 3rd June 2023

Regulatory Compliance:

Mr. Tribhuwan Adhikari is not debarred from holding the office of director by virtue of any Order passed by SEBI or other authorities
No relationships disclosed between directors

Previous Director:

Mr. Y Viswanatha Gowd served as LIC Nominee Director until 6th August 2026 when his term expired