Disclosure of Voting Results and revised Certified True Copy along with the Scrutinizer report is enclosed.
LICI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LIC shareholders approved 5 resolutions via postal ballot on May 17, 2026. The most significant is a 1:1 bonus share issue capitalizing Rs 6,324.99 crore from reserves, effectively doubling the number of equity shares. This was passed with 99.9998% votes in favor. Additionally, two Independent Directors (Shri Mahalingam G and Dr. V.S. Parthasarathy) were re-appointed for 6-month terms with ~99.8% support. Ms. Shalini Pandit was appointed as Government Nominee Director and Shri Ramakrishnan Chander as Managing Director (term until September 2027). While all resolutions passed overwhelmingly, public institutional investors showed notable dissent (~14-15% against) on the director appointments.
The bonus issue will double share count and is generally positive for retail investors holding LIC, as it increases liquidity without any cash outlay. However, EPS will be diluted unless profits grow proportionally. The strong promoter voting ensures no governance concerns.