Shri Lalit Gupta, Senior Divisional Manager, LIC of India, Gandhinagar Divisional Office assumed office of Director on the Board of Directors of the Corporation on July 01, 2026 pursuant ....
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Life Insurance Corporation of India has nominated Shri Lalit Gupta, Senior Divisional Manager at LIC's Gandhinagar Divisional Office, as a Director on the Board of Gujarat State Financial Corporation. He replaces Shri Daiya P.L., who ceased to be a Director effective May 31, 2026 (After Noon). Shri Lalit Gupta assumed office on June 01, 2026 (Before Noon). He is a B.Com, M.Com, and Fellow of Insurance Institute of India, with 33 years of experience at LIC of India across various departments. The nomination is made under Section 10(d) of the State Financial Corporations Act, 1951, as LIC holds an institutional seat on the board. He is not debarred by SEBI, not related to any existing Director or KMP, and does not hold shares of the Corporation.
This is a routine institutional nominee rotation by LIC, a major shareholder/institutional stakeholder of the Corporation. No material impact on shareholders or stock price is expected as this is a standard board composition change.