IFCI Limited has informed the Exchange regarding Appointment of Shri Rajeev Sachdev as Additional Director (Non-Executive Non-Independent) of the company w.e.f. August 25, 2025.
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IFCI Limited has appointed Shri Rajeev Sachdev as an Additional Director in a Non-Executive Non-Independent capacity on its Board, effective August 25, 2025. He currently serves as Director and Chief Executive of LIC Cards Services Limited, a wholly owned subsidiary of Life Insurance Corporation of India. He brings over 37 years of experience at LIC, having worked across branch, divisional, zonal, and corporate offices, as well as LIC Housing Finance and the Insurance Ombudsman office. He holds a B.Sc. in Physics, is not debarred by SEBI, and is not related to any existing director on the Board.
This is a routine board-level appointment with no immediate material impact on shareholders. However, given Sachdev's deep LIC background, it may strengthen IFCI's ties with LIC and bring financial services expertise to the board.