{"id":5345,"date":"2026-10-08T08:24:36","date_gmt":"2026-10-08T02:54:36","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/lici-share-price-today-2026-10-08\/"},"modified":"2026-10-08T08:24:39","modified_gmt":"2026-10-08T02:54:39","slug":"lici-share-price-today-2026-10-08","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/lici-share-price-today-2026-10-08\/","title":{"rendered":"Life Insurance Corporation of India in Focus After Board Appoints Five Independent Directo | 8 October 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-button { display:inline-block; background:#10233f; color:#fff !important; padding:10px 17px; border-radius:7px; text-decoration:none !important; font-size:15px; font-weight:800; line-height:1.5; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-dark .wt-cta-button { background:#ffe36e; color:#10233f !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-faq h3 { color:#173b58 !important; font-size:17px !important; line-height:1.45; margin:18px 0 6px !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) > p:last-child { font-size:13px; line-height:1.55; color:#606b78; border-top:1px solid #e1e7ef; padding-top:13px; margin-top:16px; }\n@media (max-width:960px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(3,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:1.7fr 1fr 1.2fr 1.2fr; gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"premarket\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: LICI<\/strong> \u00b7 8 October 2026 \u00b7 Pre-market update<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Previous close<\/div>\n<div>\u20b9386.30<\/div>\n<\/div>\n<div>\n<div>Previous day change<\/div>\n<div>-0.95%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b9393.35 \/ \u20b9382.50<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>42.17 lakh<\/div>\n<\/div>\n<div>\n<div>Previous trading day<\/div>\n<div>7 October 2026<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Life Insurance Corporation of India (LICI) will be in focus at the market open following the official announcement regarding the appointment of five new Non-Executive Independent Directors. The high-profile appointments bring extensive administrative, banking, financial technology, and central banking expertise to the board. Traders will monitor how the expanded leadership structure influences sentiment ahead of the opening bell.<\/li>\n<li>The board of directors approved the appointment of Shri Shailesh Kumar Singh, Shri David Paul Rasquinha, Shri Shyam Srinivasan, Shri Ganesh Kumar Sundara Iyer, and Shri Gaurav Kumar as Non-Executive Independent Directors for a term of four years starting October 07, 2026, subject to member approval. The appointees bring decades of leadership experience spanning the Indian Administrative Service, international finance, commercial banking, RBI central banking, and fintech infrastructure.<\/li>\n<li>Trading volume was 0.63 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Life Insura Corp Of India Company News Before Market Open<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Life Insurance Corporation of India (LICI) will be in focus at the market open following the official announcement regarding the appointment of five new Non-Executive Independent Directors. The high-profile appointments bring extensive administrative, banking, financial technology, and central banking expertise to the board. Traders will monitor how the expanded leadership structure influences sentiment ahead of the opening bell.<\/p>\n<p class=\"wt-copy\">The inclusion of five high-profile independent directors significantly broadens the board&#x27;s governance capabilities across banking, digital infrastructure, and public administration. The stock enters the pre-market session following a prior close of \u20b9386.30, down 0.95% on October 07, 2026, amid a broader 20-day decline of 5.2%. Investors will evaluate whether seasoned leadership additions can help drive strategic execution and operational transparency.<\/p>\n<p class=\"wt-copy\">42.17 lakh shares traded on 7 October 2026. This compares with a 20-day average daily volume of 67.28 lakh shares (0.63 times). The five-day average daily volume was 43.58 lakh shares.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Company-specific context<\/div>\n<div class=\"wt-card-body\"><strong>Board Appoints Five Independent Directors<\/strong><\/p>\n<p class=\"wt-copy\">The inclusion of five high-profile independent directors significantly broadens the board&#x27;s governance capabilities across banking, digital infrastructure, and public administration. The stock enters the pre-market session following a prior close of \u20b9386.30, down 0.95% on October 07, 2026, amid a broader 20-day decline of 5.2%. Investors will evaluate whether seasoned leadership additions can help drive strategic execution and operational transparency.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">LICI Appoints Five New Independent Directors to Board<\/div>\n<div class=\"wt-card-date\">7 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The board of directors approved the appointment of Shri Shailesh Kumar Singh, Shri David Paul Rasquinha, Shri Shyam Srinivasan, Shri Ganesh Kumar Sundara Iyer, and Shri Gaurav Kumar as Non-Executive Independent Directors for a term of four years starting October 07, 2026, subject to member approval. The appointees bring decades of leadership experience spanning the Indian Administrative Service, international finance, commercial banking, RBI central banking, and fintech infrastructure.<\/p>\n<p class=\"wt-copy\">Strengthens corporate governance and board oversight by onboarding seasoned experts from diverse financial and administrative domains.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Appointment<\/div>\n<div class=\"wt-card-date\">7 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/LIC_BOARD_07102026163053_Final_Dis_Int_App_ID_07102026.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 June 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">96.50%<\/div>\n<div class=\"wt-note\">96.50% on 1 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">0.44%<\/div>\n<div class=\"wt-note\">0.32% on 1 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">1.43%<\/div>\n<div class=\"wt-note\">1.40% on 1 June 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1695657_17072026065406_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Mutual funds held 0.84% on 30 June 2026. This compares with 0.94% on 1 June 2026, a change of -0.10 percentage points.<\/p>\n<p class=\"wt-copy\">The filing reported 23 MF\/UTI holders.<\/p>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1695657_17072026065406_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Opening price action and volume relative to the prior session&#x27;s volume of 4,216,811 shares.<\/li>\n<li>Immediate technical levels near the prior session&#x27;s low of \u20b9382.50 and high of \u20b9393.35.<\/li>\n<li>Institutional order flow and market sentiment following the official board restructuring announcement.<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/lici-share-price-today-2026-09-29\/\">Why LICI Share Price Fell Today: LIC Stock Analysis | 29 September 2026 \u2014 29 September 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/lici\/\">More Life Insura Corp Of India news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Life Insura Corp Of India company news?<\/h3>\n<p class=\"wt-copy\">The board of directors approved the appointment of Shri Shailesh Kumar Singh, Shri David Paul Rasquinha, Shri Shyam Srinivasan, Shri Ganesh Kumar Sundara Iyer, and Shri Gaurav Kumar as Non-Executive Independent Directors for a term of four years starting October 07, 2026, subject to member approval. The appointees bring decades of leadership experience spanning the Indian Administrative Service, international finance, commercial banking, RBI central banking, and fintech infrastructure.<\/p>\n<h3>How strong was Life Insura Corp Of India\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">42.17 lakh shares traded, 0.63 times the 20-day average daily volume. The price and volume data are dated 7 October 2026.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/lici-share-price-today-2026-10-08\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/lici-share-price-today-2026-10-08\/\"}, \"headline\": \"Life Insurance Corporation of India in Focus After Board Appoints Five Independent Directo | 8 October 2026\", \"description\": \"Life Insurance Corporation of India in focus pre-market after appointing five new independent directors with extensive banking and administrative expertise.\", \"datePublished\": \"2026-10-08T08:24:22.580576+05:30\", \"dateModified\": \"2026-10-08T08:24:22.580576+05:30\", \"author\": {\"@type\": \"Organization\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\"}, \"reviewedBy\": {\"@type\": \"Person\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\"}, \"publisher\": {\"@type\": \"Organization\", \"name\": \"WittyTrades\", \"url\": \"https:\/\/www.wittytrades.com\/\"}, \"inLanguage\": \"en-IN\", \"image\": [\"https:\/\/www.wittytrades.com\/market-news\/wp-content\/uploads\/2026\/10\/lici-company-news-2026-10-08.jpg\"]}<\/script><!-- wt-article-record:{\"news_events\":[{\"title\":\"Appointment\",\"summary\":\"Appointment of Mr Shailesh Kumar Singh as Non- Executive Independent Director of the company w.e.f. October 07, 2026.\",\"source\":\"NSE\",\"published\":\"07-Oct-2026 16:33:28\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/LIC_BOARD_07102026163053_Final_Dis_Int_App_ID_07102026.pdf\",\"disclosure_text\":\"Ref. No.: LIC\/SE\/2026-27\/104 Date: October 07, 2026 To The Manager, Listing Department, BSE Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400001. The Manager, Listing Department, National Stock Exchange of India Ltd., Exchange Plaza, 5 th Floor, Plot C\/1, G Block, Bandra Kurla Complex, Mumbai-400051. Scrip Code: 543526 Symbol: LICI Dear Sir\/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obliga tions and Disclosure Requirements) Regulations, 2015 (\u201cListing Regulations\u201d) Pursuant to Regulation 30 of the Listing Regulations, this is t o inform that based on the recommendations of the Nomination & Remuneration Committee and subject to the approval of the Members, the Board of Directors of the Life Insurance Corporation of India (\u201cthe Corporation\u201d), in its meeting held today i.e. October 07, 2026, inter-alia considered and approved the appointment of the following as Ind ependent Directors for a term of 4 years commencing from October 07, 2026, in terms of Section 4(2)(g) of Life Insurance Corporation Act, 1956, read with rules made thereunder, as amended: 1. Shri Shailesh Kumar Singh (DIN: 02061623) 2. Shri David Paul Rasquinha (DIN: 01172654) 3. Shri Shyam Srinivasan (DIN: 02274773) 4. Shri Ganesh Kumar Sundara Iyer (DIN: 07635860) 5. Shri Gaurav Kumar (DIN: 07767248) The details as required under Regulation 30 of the Listing Regulations read with circulars issued thereunder, from time to time, are enclosed as Annexure \u2013 I. The Board meeting commenced at 03:00 p.m. (IST) on October 07, 2026 and concluded at 03:55 p.m. (IST). Please take the above information on record and arrange for dissemination. A Copy of this intimation is also being made available on the website of the Corporation at www.licindia.in. Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer Encl.: a\/a Annexure - I Disclosure required pursuant to Regulation 30 read with Para A of Schedule III to the Listing Regulations and the circulars issued thereunder, from time to time, with regard to change in Directors is given hereunder: (1) Appointment of Shri Shailesh Kumar Singh (DIN: 02061623) as Independent Director S. No. Particulars Information of such event 1 Reason for change viz. Appointment, Resignation, Removal, Death or Otherwise Appointment of Shri Shailesh Kumar Singh as Independent Director. 2 Date of Appointment \/ Cessation & Term of appointment With effect from October 07, 2026 for a term of four years, sub ject to the approval of Members, as per the regulatory requirements. 3 Brief Profile (in case of appointment) Shri Shailesh Kumar Singh is an Indian Administrative Service ( retired), 1991 Batch, Jharkhand Cadre and his last assignment was as Secretary , Rural Development, Government of India. As Secretary, Rural Developm ent, he steered the policy formulation related to and the implementation of the flagship programs of the government, viz., Pradhan Mantri Gram Sadak Yoj ana (PMGSY), Pradhan Mantri Awas Yojana Gramin (PMAYG) and Deendaya l Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). He also steered the formulation and processing related to the enactment of the Viksit Bharat G RAM G Act, 2025 in place of MGNREGA Previously, he was Development Commissioner, MSME in the Govern ment of India. He worked toward formulation and implementation of polic ies for promotion of MSMEs and improvement of the MSME ecosystem in ter ms of infrastructure (e.g. Technology Centres\/Tool Rooms), handholdin g and facilitation. As Joint Secretary in GOI, he worked in two Ministries, Urban D evelopment and Coal and contributed to urban transport and efficient coal distribution throughout the country and was also Government Nominee Director on the Boards of Central Coalfields Limited, Mahanadi Coalfields Limit ed, Chennai Metro and Kolkata Metro and has also officiated as the CMD of N orthern Coalfields Ltd for about six months. Shri Shailesh Kumar Singh has had 35 years of leadership experi ence in the Indian Administrative Service and has formulated and implemented policies and programs of the Government of India, and the State Governments of Bihar and Jharkhand. He has wide experience in evidence-based policy making, leadership and conflict resolution and negotiation and worked in the areas related to infrastructure, procurement, energy, industry, MSME, informatio n technology, urban development, poverty alle viation, etc. While working in t he districts as well as the central and state governments, he has contributed s ignificantly to improving outcomes in social and developmental sectors like energy, education, health, infrastructure, urban dev elopment, information technolo gy, wage employment, industries, rural development, etc. 4 Disclosure of relationships between directors (in case of appointment of a director) Not related to any other Director(s) of the Corporation. 5 Whether debarred from holding the position of Director pursuant to SEBI order or any other authority Not debarred from holding the position of Director by virtue of any SEBI order or any other authority. (2) Appointment of Shri David Paul Rasquinha (DIN: 01172654) as Independent Director S. No. Particulars Information of such event 1 Reason for change viz. Appointment, Resignation, Removal, Death or Otherwise Appointment of Shri David Paul Rasquinha as Independent Director. 2 Date of Appointment \/ Cessation & Term of appointment With effect from October 07, 2026 for a term of four years, sub ject to the approval of Members, as per the regulatory requirements. 3 Brief Profile (in case of appointment) Shri David Rasquinha retired as Managing Director and Chief Executive Officer of the Export-Import Bank of India (Exim Bank), after a disting uished career spanning over three decades in export credit, international fin ance and cross- border project financing. Post retirement, he served for four years on the Reserve Bank o f India\u2019s Advisory Board on Banking and Financial Frauds and as a Member of the Advisory Board of JCB India Ltd. He currently serves as an Inde pendent Director on the Boards of Ajanta Pharma, HSBC Trustees, Ion Exchange and its associates\/subsidiaries, and Unity Small Finance Bank. He is al so serving, on an interim basis, as an Independent Director of NeSL Asset Data L t d . Additionally, he acts as an External Expert in mediating commer cial disputes involving ONGC and its suppliers. Joining Exim Bank in 1984-85, Shri Rasquinha held a range of senior positions covering export credit, corporate finance, project finance and international fundraising. From 1999 to 2004, he was the Resident Representat ive at Exim Bank\u2019s Washington, DC office, where he worked closely with inst itutions including the World Bank, MIGA and IFC. He subsequently led cro ss-border project finance across Asia, Africa and Latin America, developi ng extensive expertise in project structuring, documentation, procurement an d dispute resolution. Between 2012 and 2021, he led Ex im Bank\u2019s international fundrai sing programme, overseeing nearly USD 10 billion of foreign currency d e b t issuance, including substantial issuance in the US markets. He is widely recognised among international fixed-income investors for his e xpertise on the Indian economy, export credit and Indian financial markets. On being appointed as Deputy Managing Director of Exim Bank in July 2014 and Managing Director in August 2017, Shri Rasquinha led the Bank through a significant balance-sheet clean-up while maintaining its profit ability and dividend track record. He also spearheaded the Bank\u2019s flagship bilateral economic diplomacy programmes and conceived and implemented the Ubharte Sitaare initiative to support smaller exporters. Shri Rasquinha holds a first-class degree in Economics from the University of Bombay and a postgraduate qualification in Business Management from XLRI, Jamshedpur, where he received the Gold Medal in Economics. He i s also a recipient of XLRI\u2019s Distinguished Alumnus Award. With extensive experience in international finance, export cred it and cross- border transactions, he has undertaken specialised training in India and overseas and maintains strong professional relationships with leading international Exim Banks and financial institutions. He has also served on the National Jury for the CII\u2013Exim Award for Business Excellence and is a frequent speake r at international forums and seminars on export credit and the Indian economy. 4 Disclosure of relationships between directors (in case of appointment of a director) Not related to any other Director(s) of the Corporation. 5 Whether debarred from holding the position of Director pursuant to SEBI order or any other authority Not debarred from holding the position of Director by virtue of any SEBI order or any other authority. (3) Appointment of Shri Shyam Srinivasan (DIN: 02274773) as Independent Director S. No. Particulars Information of such event 1 Reason for change viz. Appointment, Resignation, Removal, Death or Otherwise Appointment of Shri Shyam Srinivasan as Independent Director. 2 Date of Appointment \/ Cessation & Term of appointment With effect from October 07, 2026 for a term of four years, sub ject to the approval of Members, as per the regulatory requirements. 3 Brief Profile (in case of appointment) Shri Shyam Srinivasan is a banking and financial services professional with over three decades of experience in str ategy, organizational leadership and business transformation, underpinned by a strong grounding in governance, risk oversight and institutional development. He served as Managing Director & Chief Executive Officer of Fed eral Bank from 2010 to 2024. During his tenure, the Bank expanded its national presence, enhanced its technology capabilities, and continued to strengthen its position as a leading private sector bank while maintaining its strong cust omer focus and institutional values. His experience spans business strategy, risk oversight, stakeho lder engagement and digital initiatives, working closely with boards, regulator s, investors and policymakers across the financial services sector. Shri Shyam Srinivasan currently serves on select boards and advisory bodies, contributing to discussions on strategy, financial services, te chnology adoption and organizational effectiveness, with an approach cantered on sound governance, disciplined execution and sustainable growth. 4 Disclosure of relationships between directors (in case of appointment of a director) Not related to any other Director(s) of the Corporation. 5 Whether debarred from holding the position of Director pursuant to SEBI order or any other authority Not debarred from holding the position of Director by virtue of any SEBI order or any other authority. (4) Appointment of Shri Ganesh Kumar Sundara Iyer (DIN: 07635860) as Independent Director S. No. Particulars Information of such event 1 Reason for change viz. Appointment, Resignation, Removal, Death or Otherwise Appointment of Shri Ganesh Kumar Sundara Iyer as Independent Director. 2 Date of Appointment \/ Cessation & Term of appointment With effect from October 07, 2026 for a term of four years, sub ject to the approval of Members, as per the regulatory requirements. 3 Brief Profile (in case of appointment) Shri Ganesh Kumar Sundara Iyer is the former Executive Director of the Reserve Bank of India, with over three decades of experience in central banking, payment and settlement systems, information technology, cyber security and financial market structure. He has played a key role in the digitisation of tax receipts f or the Central Board of Direct Taxes and in the GST implementation f o r t h e Government of India. He is a post graduate in Management having experience in varied fields such as marketing, market research, banking, finance, law, and Information Technology. He has been with the Reserve Bank of India for more than three decades; was associated with the introduction of technology in the Banking s ector as well as the introduction of new digital based payment and settlement systems. He pioneered the introduction of electronic movement of funds, in ideations, design and development of innova tive technology based payment systems for India; in the introduction of Real Time Gross Settlement, Cheq ue Truncation and other electronic retail payment systems such as the Unified P a y m e n t s Interface (UPI), the National Electronic Funds Transfer (NEFT), digital wallets (called PPIs), as also electronic data interfaces across banks, regulators, and other entities including the Government. He played a key role in framing the policy for IT implementation in the Reserve Bank of India and the Banking sector, apart from providing poli cy perspectives relating to IS Security, Audit and Compliance and was associate d with the Institute for Development and Research in Banking Technology - the IT institute for the Banking sector, facilitating in training and new servic e offerings stemming out of Research activities of the Institute. He was instrumental in setting up of the National Payments Corporation of India (NPCI) as an umbrella organisation for retail payment systems, and the Indian Financial Technology and Allied Services (IFTAS). And facilitat ed the setting up of the Reserve Bank Information Technology Limited, as a \u2019first-of-its-kind\u2019 IT subsidiary for a central bank, assisting the central bank in cyber security related matters in a focused manner, provide cyber security assistance and advice and assess cyber security levels of regulated entities both thr ough on-site and off-site means setting up the Reserve Bank Information Technolo gy Private Limited (ReBIT), a subsidiary of the Reserve Bank which focuses of IT research, training, standards formulation and research in allied areas. He was the Co-Chair of the Financial Innovation Network (FIN) u nder the Financial Stability Board of the Bank for International Settlements (BIS), Basel, Switzerland and was also the Chairman of the Indian Financial Technology and Allied Services (IFTAS), a wholly owned subsidiary of the Reser ve Bank of India and had been a nominee director in a large public sector bank and also part of a few of its Board level Committees for about five years. He was also associated with the National Cyber Security Council o f t h e Government of India and in the framing of the Information Techn ology Act as also the Payment and Settlement Systems Act of the country. In the area of Cyber and Information Security, he assisted in the development of fra meworks for addressing Information and Cyber security for banks and other financial entities and supported the initiatives of the Computer Emergency Respons e Team (CERT-In) for the banking sector. Currently, he is on the Boar d of IDFC First Bank and CDSL. 4 Disclosure of relationships between directors (in case of appointment of a director) Not related to any other Director(s) of the Corporation. 5 Whether debarred from holding the position of Director pursuant to SEBI order or any other authority Not debarred from holding the position of Director by virtue of any SEBI order or any other authority. (5) Appointment of Shri Gaurav Kumar (DIN: 07767248) as Independent Director S. No. Particulars Information of such event 1 Reason for change viz. Appointment, Resignation, Removal, Death or Otherwise Appointment of Shri Gaurav Kumar as Independent Director. 2 Date of Appointment \/ Cessation & Term of appointment With effect from October 07, 2026 for a term of four years, sub ject to the approval of Members, as per the regulatory requirements. 3 Brief Profile (in case of appointment) Shri Gaurav Kumar is a serial fintech entrepreneur with over 20 + years of experience in India\u2019s banking and financial-technology markets. He is the Founder & CEO of Yubi Group, which he established in 2020 to build banking and fixed-income technology infrastructure to deepen the debt markets. Under his leadership, Yubi became one of India\u2019s fastest fintec hs to reach unicorn status in March 2022, and has grown into a diversified group spanning lending, risk, collections, AI Platform and capital-markets inf rastructure across India, MENA, SEA, and the USA. Before Yubi, he co-founded Vivriti Capital in 2017 \u2013 now one of India\u2019s leading non-banking financial companies (NBFCs) and Vivriti Asset Manag ement in 2019, one of the leading AIFs. He also built Northern Arc Capital, where he served as a foundi ng member and as CEO of Northern Arc Investment Adviser Services. 4 Disclosure of relationships between directors (in case of appointment of a director) Not related to any other Director(s) of the Corporation. 5 Whether debarred from holding the position of Director pursuant to SEBI order or any other authority Not debarred from holding the position of Director by virtue of any SEBI order or any other authority.\"}],\"shareholding_snapshot\":{\"promoter_pct\":96.5,\"public_pct\":3.5,\"fii_pct\":0.44,\"dii_pct\":0.99,\"mf_pct\":0.84,\"institutional_pct\":1.43,\"noninst_pct\":2.07,\"mf_scheme_count\":23,\"pledged_shares\":null,\"pledged_pct_of_promoter\":null,\"mf_holders\":[],\"period\":\"30-JUN-2026\",\"submission_date\":\"17-JUL-2026\",\"source\":\"NSE shareholding pattern XBRL\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1695657_17072026065406_WEB.xml\",\"previous_period\":\"01-JUN-2026\",\"previous_promoter_pct\":96.5,\"previous_fii_pct\":0.32,\"previous_dii_pct\":1.08,\"previous_mf_pct\":0.94,\"previous_institutional_pct\":1.4,\"previous_mf_scheme_count\":27,\"previous_pledged_pct_of_promoter\":null,\"previous_pledged_shares\":null}} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life Insurance Corporation of India in focus pre-market after appointing five new independent directors with extensive banking and administrative 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