This is to inform that 'Mr. Atanu Sengupta, Director, Management Development Centre, Mumbai, Senior Management Personnel of the Life Insurance Corporation of India will be superannuating w.e.f. April 30, 2025, after close of office hours'.
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LIC has informed that Mr. Atanu Sengupta, Director of the Management Development Centre in Mumbai and a Senior Management Personnel of the company, will retire (superannuate) effective April 30, 2025, after close of office hours. Superannuation refers to retirement on reaching the age of retirement as per company policy. This is a planned, routine exit and not an abrupt departure. No replacement or succession details have been disclosed in this filing.
This is a routine, planned retirement of a senior management official and is unlikely to have any material impact on the company's operations or stock price. Shareholders should look out for any subsequent filing on succession if the role is considered critical.