Voting results, Certified True Copy of the resolutions approved by the Member and Scrutinizer report of the Postal Ballot Meeting is enclosed.
LICI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LIC of India shareholders approved 5 resolutions through postal ballot with overwhelming majority (all above 99.7%). The most significant resolution is a 1:1 bonus share issue, capitalizing Rs 6,325 crore from reserves to issue new equity shares. Two independent directors (Shri Mahalingam G and Dr. V.S. Parthasarathy) were re-appointed for 6-month terms. Ms. Shalini Pandit was appointed as Government Nominee Director and Shri Ramakrishnan Chander as Managing Director (effective December 2025, until September 2027). Voting took place April 18 - May 17, 2026 with 98% voter turnout.
The 1:1 bonus issue effectively doubles the number of shares outstanding, providing liquidity to shareholders without cash outflow. This is generally positive for retail shareholders as it increases market accessibility. The leadership appointments and director re-appointments indicate continuity in management.