Life Insurance Corporation Of India has informed the Exchange about the officials holding the position of SMP of the Corporation superannuating w e f 30 September 2025 after the close of officer hours
LICI · price
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Awaiting price reaction for this filing.
LIC has informed the stock exchanges that two of its Senior Management Personnel will retire (superannuate) effective September 30, 2025, after office hours. The retiring officials are Shri Sudhakar Ravindranath, Executive Director (Marketing/Product Development), and Shri Shrawan Kumar, Zonal Manager (in-charge) at the Patna Zonal Office. The disclosure was made under Regulation 30 of the SEBI Listing Regulations by the Company Secretary & Compliance Officer. The Corporation has not announced any replacements in this filing.
This is a routine retirement disclosure involving non-board, senior management-level positions (one Executive Director in marketing and one Zonal Manager). Material impact on shareholders or stock price is unlikely, though investors may await clarity on succession plans for these roles.