LIC Proposes 1:1 Bonus Issue and Director Appointments

LIC seeks shareholder approval via postal ballot for a 1:1 bonus issue, capitalizing ₹6,324.99 crore from reserves.
Proposals include re-appointment of two independent directors for six months and appointment of a new Managing Director.
Remote e-voting period is from April 18 to May 17, 2026, with results to be declared by May 19, 2026.
The notice also confirms appointments of a Government Nominee Director and a Managing Director made in late 2025.