Announced Wed, 8 Jul · 15:11 IST
LIC nominates Prafulla Jaipuria as Nominee Director replacing TR Mallick
Management Changes View source PDF
ORISSAMINE · 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
-2.5%1-day move
₹3867.10
prior close
₹3788.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.0-0.1—-2.5-2.1-2.1-3.8-3.4-4.4————
Up moveDown movePending
AI summary
LIC has nominated Shri Prafulla Jaipuria, Secretary General of Insurance Institute of India Mumbai, as its Nominee Director on the OMDC board in place of Shri TR Mallick. LIC communicated this via letter dated 29 May 2026, and OMDC board approved the change by circulation on 7 July 2026. LIC is a significant shareholder of OMDC and routinely nominates a director.
Likely market impact
Routine nominee director change by major shareholder LIC. No material impact on operations or minority shareholders expected.