LIC Housing Finance Limited has informed the Exchange regarding Cessation of Mr Jagannath Mukkavilli as Non- Executive (Nominee) Director of the company w.e.f. May 30, 2025.
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LIC Housing Finance has informed the stock exchanges that Mr Jagannath Mukkavilli ceased to be a Non-Executive (Nominee) Director on the board with effect from May 30, 2025. The reason given is his superannuation (retirement) from the services of Life Insurance Corporation of India (LIC), the company's promoter. He held Director Identification Number (DIN) 10090437. No new appointment details or replacement have been announced in this filing.
This is a routine, expected change as the director stepped down due to retirement from the parent company LIC rather than any governance or performance issue. It is unlikely to have any material impact on the stock price or shareholder interests.