Life Insurance Of India (LICI) — Board Meeting

The board meeting approved the FY 2024-25 financial statements, declared a final dividend of ₹12 per equity share (₹10 nominal value) pending shareholder approval at the upcoming AGM, and authorized material related party transactions exceeding SEBI materiality thresholds. The meeting also approved the appointment of Shri R Doraiswamy as CEO & MD for three years (until August 28, 2028), Managing Directors Shri Dinesh Pant and Shri Ratnakar Patnaik, and Government Nominee Director Dr. Parshant Kumar Goyal. The Audit Committee approved all resolutions, confirming no conflicts of interest among directors. The filing confirms compliance with SEBI, IRDAI, and regulatory requirements, with no adverse audit observations.

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About Life Insurance Corporation Of India (LICI)

Financial Services · Insurance · Listed on NSE

Market Cap: ₹5,05,462.19 Cr P/E: 9.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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