Corrigendum: Revised profiles for two newly elevated LIC Executive Directors

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Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹397.40

prior close

₹398.35

base price

After-mkt

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AI summary

LIC has issued a corrigendum to its April 6, 2026 filing, providing revised brief profiles for two Executive Directors. Smt. Lata Madampath was appointed ED (Personnel) and Mr. Gourab Chand as ED (Chief Life Insurance Advisor), both effective April 6, 2026, through internal elevation. Madampath, a 1992 direct recruit officer with 35+ years of service, previously served as Regional Manager (P&I), Western Zone. Chand, a 1992 AAO recruit, was Regional Manager (Pension & Group Schemes), Western Zone. Both are career LIC officers.

Likely market impact

Routine internal senior management elevation; no change in board composition. Administrative correction with no material impact on shareholders.