Directors Ceasing Office
- Shri Mahalingam G. (DIN: 09660723) - Independent Director
- Dr. V. S. Parthasarathy (DIN: 00125299) - Independent Director
Committee Positions Ceased
Both directors held multiple committee positions as detailed in Annexure I:
Shri Mahalingam G. held positions on:
- Executive Committee (Member)
- Investment Committee (Member)
- Nomination and Remuneration Committee (Chairperson)
- Risk Management Committee (Chairperson)
- Audit Committee (Member)
- Committee for Review of Wilful Defaulters (Member)
- With Profit Committee (Member)
- Information Technology Strategy Committee (Member)
- Environment, Social & Governance Committee (Member)
- Stakeholders Relationship Committee (Chairperson)
Dr. V. S. Parthasarathy held positions on:
- Investment Committee (Member)
- Nomination and Remuneration Committee (Member)
- Risk Management Committee (Member)
- Audit Committee (Chairperson)
- Policyholder Protection, Grievance Redressal and Claims Monitoring Committee (Chairperson)
- Committee for Review of Wilful Defaulters (Member)
- Building Advisory Committee (Member)
- Information Technology Strategy Committee (Member)
- Environment, Social & Governance Committee (Chairperson)
Regulatory Compliance Details
As per Annexure II, the disclosure includes:
- Reason for change: Cessation upon completion of term
- Effective date: July 28, 2026, after close of day
- No relationships between directors to disclose (Not Applicable)
- No debarment from holding director position (Not Applicable)
- Brief profile and term of re-appointment: Not Applicable
Additional Information
The disclosure was signed by Anshul Kumar Singh, Company Secretary & Compliance Officer, and is available on the corporation's website at www.licindia.in. The filing reference number is LIC/SE/2026-27/71 dated July 28, 2026.
Financial Impact
No financial impact quantified in the disclosure. The change represents a governance update without immediate capital structure or cash flow implications.