Life Insurance Corporation Of India has informed the Exchange about change in Management
LICI · price
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LIC has informed stock exchanges that four of its senior management personnel will be superannuating (retiring) effective May 31, 2025, and will be relieved at the close of office hours on May 30, 2025. The four officials retiring are Shri K R Ashok (Executive Director – Actuarial/Administration/IT Implementation/ACGC), Smt. Santha Varkey (Executive Director – Inspection), Shri B.B. Jadhav (Executive Director – Engineering), and Shri Kuldeep Tikku (Director, Zonal Training Centre, Bhopal). The disclosure is being made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This is a planned retirement event rather than a sudden exit, and the roles span actuarial, inspection, engineering, and training functions.
Routine superannuation with no material impact expected on the company's operations or stock price. Large PSUs like LIC typically have succession plans in place for such retirements, so shareholders are unlikely to see any disruption.