Life Insurance Corporation of India members approved all five postal ballot resolutions on May 17, 2026, including a 1:1 bonus share issue capitalising ₹6324,99,77,010/- from reserves. Three Special Resolutions and two Ordinary Resolutions were passed, covering the bonus issue, re-appointments of two independent directors, and appointments of a Government Nominee Director and a Managing Director. All resolutions received over 99% votes in favour, with total votes polled representing approximately 98% of outstanding shares. The scrutinizer's report was submitted on May 18, 2026 by M/s. S.N. Ananthasubramanian & Co., Company Secretaries.
LIC Members Approve Bonus Share Issue and Key Director Appointments via Postal Ballot
