Life Insurance Corporation Of India has informed the Exchange about cessation of Senior Management Personnel.
LICI · price
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Life Insurance Corporation of India has disclosed that four senior management officials will be superannuating (retiring) effective May 31, 2026. The officials include Smt Meeta Khare (Executive Director - Estates, Mumbai), Shri Jatinder Pal Singh Bajaj (Zonal Manager I/C, Delhi), Smt Meenu Sarkar (Executive Director - Pension & Group Scheme/IT/CRM, Mumbai), and Shri R. Rajesh (Executive Director - Digital Marketing, Mumbai). They will be relieved from duties at the close of office hours on May 29, 2026, being the last working day. This is a routine retirement disclosure under SEBI Listing Regulation 30.
The departure of four senior executives, including three Executive Directors, may create temporary leadership gaps in key functions like estates, pension operations, IT, CRM, and digital marketing. However, since this is routine superannuation rather than unexpected resignations, market impact is likely minimal.