Announced Mon, 22 Jun · 17:47 IST
LIC nominee director change on MMFSL board
Management Changes View source PDF
M&MFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.8%1-day move
₹293.80
prior close
₹295.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.9-0.8-0.9+5.8+12.3+8.2+7.6+7.3+14.0+10.9+25.9——
Up moveDown movePending
AI summary
Mr. Ashwani Ghai ceased to be a Non-Executive Director representing LIC on MMFSL's board effective 22nd June 2026. Mr. Krishna Kumar Sukumaran Nair, a former LIC Executive Director with 36 years of financial services experience, replaces him effective 23rd June 2026, subject to shareholder approval at the next AGM. LIC holds 10.26% of MMFSL's paid-up share capital.
Likely market impact
Routine LIC nominee change on board. LIC holds 10.26% stake. New appointee brings 36 years of financial services experience. Minimal impact expected.