LIC appoints new CFO and Chief Risk Officer from internal ranks

Management Changes View source PDF Explain this filing

LICI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹425.00

prior close

₹425.75

announcement price

In-mkt

timing

Nifty Midcap 150market-0.0%+0.6% vs market

Life Insurance peers, median of 5sector+0.1%+0.4% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Midcap 150 and 0.4 pts more than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.1

15m

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30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-0.0+0.6+0.1+0.4

Next day

-0.4+0.8-1.2+0.9-1.3

-0.3+0.4-0.8+0.3-0.7

-0.2+0.9-1.0+0.8-1.0

-0.1+2.1-2.3+2.5-2.7

-7.9+1.8-9.7+0.9-8.8

-8.8+1.6-10.5-0.3-8.5

15d

-3.5+1.9-5.4-2.1-1.4

-2.0+2.5-4.5-0.2-1.7

-5.7-3.8-2.0-4.1-1.6

-7.9-8.1+0.3-14.6+6.7

UpDownMarket · Nifty Midcap 150Sector · Life Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

LIC board on July 28, 2026 approved two key managerial appointments. Shri Shatmanyu Shrivastava, Executive Director (Finance and Accounts), is appointed as Chief Financial Officer. Shri Varadarajan Muthuvenkataraman, Executive Director (Enterprise Risk Management), is appointed as Chief Risk Officer. Both are internal promotions of long-serving LIC executives with over three decades of experience. Appointments are effective July 28, 2026 until superannuation or further orders.

Likely market impact

Internal promotions for CFO and CRO roles ensure leadership continuity. Both appointees are experienced LIC insiders with deep knowledge of operations.