Voting Results, Certified True Copy of the resolutions passed by the Members and Scrutinizer report 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 via postal ballot with overwhelming majority (above 99.7% on all items). The key resolution is a 1:1 bonus share issue, capitalizing Rs 6,324.99 crore from reserves and surplus to issue bonus equity shares of Rs 10 each. This effectively doubles the number of shares held by each shareholder. Additionally, 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 was appointed as Managing Director at a pay scale of Rs 2,05,400 to Rs 2,24,400. Voting took place from April 18 to May 17, 2026, with 98% of outstanding shares participating.
The 1:1 bonus issue is positive for shareholders as it increases their shareholding without any cost, though it dilutes earnings per share. The strong 99.9998% approval reflects full shareholder support. Institutional investors showed some dissent on director appointments (85% approval), but overall results are decisively in favor.