This is to inform that Shri Siddhartha Mohanty, has ceased to be Chief Executive Director & Managing Director of the Corporation w.e.f. June 07, 2025, upon completion of his term.
LICI · price
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Life Insurance Corporation of India (LIC) has informed stock exchanges that Shri Siddhartha Mohanty has ceased to be the Chief Executive Officer & Managing Director of the Corporation with effect from June 7, 2025. The cessation is due to the completion of his term, as per a Government of India notification dated April 28, 2023. The disclosure has been made under Regulation 30 of the SEBI Listing Regulations. LIC has not announced a replacement in this filing.
This is a planned, orderly leadership transition at the end of a fixed term rather than a sudden departure, so it is unlikely to cause immediate concern. However, investors will watch closely for clarity on the successor, as leadership continuity is important for LIC given its massive size and government ownership.