Nature of change: Appointment of Mr. Ramakrishnan Chander (DIN: 11331783) as a Non-Executive Director of the Company, liable to retire by rotation.
Term: Three years with effect from 6th August 2026.
Background: Mr. Ramakrishnan Chander (age: 58 years) is the Managing Director of Life Insurance Corporation of India ('LIC') and represents LIC on the board. He is a Science Graduate, Fellow Member of the Insurance Institute of India, and holds a Post Graduate Diploma in Financial Management.
Experience: Brings over 35 years of experience at LIC across marketing, administration, and investment management. Has held senior leadership positions including Executive Director (Investment – Front Office), Executive Director of LIC's Strategic Business Unit for International Operations, Chief Investment Officer, Senior Divisional Manager, and Regional Manager (Marketing and Pension & Group Schemes).
Other Directorships: Serves as Non-Executive Director of LIC Cards Services Limited, LIC Mutual Fund Trustee Private Limited, and LICHFL Care Homes Limited.
Eligibility: Confirmed that Mr. Chander has not been debarred from holding the office of Director by virtue of any order of SEBI or any other authority.
Relationships: No relationships between directors disclosed.
Approval: Appointment approved by Members at the 3rd Annual General Meeting held on 6th August 2026.
Any Other Material Information
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular dated 30th January, 2026.
The letter is signed by Diwaker Dinesh, Company Secretary, and addressed to both National Stock Exchange of India Ltd. and BSE Ltd.
