OMDC Appoints LIC Nominee Director Prafulla Jaipuria

Date: July 8, 2026

Appointment: Shri Prafulla Jaipuria, Secretary General, Insurance Institute of India, Mumbai appointed as LIC Nominee Director
Replacement: Replaces Shri TR Mallick as LIC's representative on the board
Effective Date: Appointment approved through resolution by circulation on July 7, 2026
Authorization: Appointment made pursuant to LIC letter no. INVT/BO/ND Cell dated May 29, 2026
Profile: Shri Prafulla Jaipuria currently holds the charge of Executive Director in LIC of India
Payment Instructions: All director payments (sitting fees, bonus, commission, fixed remuneration) must be made via NEFT to Life Insurance Corporation of India's Kotak Mahindra Bank account only
Restrictions: The LIC Nominee Director is not authorized to exercise the option of accepting shares under Employee Stock Ownership Plan (ESOPs)
Meeting Requirements: Company must provide minimum 7 days' notice for board/committee meetings and forward agenda items and background papers in advance to the Nominee Director
Legal Basis: Representation is subject to Section 6A of Life Insurance Corporation Act, 1956

Regulatory Compliance: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Relationships: No relationships between directors disclosed (marked as Not Applicable)
Documentation: LIC provided consent letter and bio-data of Shri Prafulla Jaipuria for company records