It is to inform that Mr. Debakanta Padhi has been elevated to hold the position of Senior Management Personnel.
LICI · price
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LIC has informed the stock exchanges that Mr. Debakanta Padhi has been elevated to the Senior Management Personnel (SMP) position of Additional Executive Director (Senior Business Associates/LIC Associates/Re-Investment), effective April 17, 2026. He previously served as General Manager at LIC Housing Finance Limited, a subsidiary/associate of LIC. Mr. Padhi joined LIC in 1992 as an Assistant Administrative Officer and has over 30 years of experience in the corporation, with more than 19 years specifically in life insurance marketing across various zones. He has held leadership roles in branches, divisions, and headed bancassurance, alternate channels, and micro insurance verticals.
This is a routine internal promotion within LIC's senior management and is unlikely to have any material impact on the stock price or shareholder value. It reflects normal succession planning within the organization.