/images/ppid_59c68470-image-178232252498754343.webp)
What is the story about?
Life Insurance Corporation of India (LIC) on June 24 said that its Chief Financial Officer and Key Managerial Personnel, Sunil Agrawal, has resigned from his position to pursue better prospects.
According to the state-owned life insurance behemoth's filing, Agrawal submitted his resignation letter on June 24, 2026.
Company said that Agrawal's resignation will be effective from the close of business hours on July 14, 2026, following which he will cease to be the Chief Financial Officer and Key Managerial Personnel of the corporation.
Agrawal, in his resignation letter, said he was stepping down as Chief Financial Officer to pursue better prospects and requested to be relieved of his responsibilities with effect from July 14, 2026.
He added, "I am grateful for the opportunities, guidance and encouragement I have received during my tenure. I extend my best wishes for the Corporation's continued achievements in future. I shall be glad to provide any assistance as may be required."
LIC said it has placed on record its appreciation for Agrawal's contributions during his tenure and wished him success in his future endeavours.
The insurer also disclosed the resignation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
LIC Q4FY26 results
LIC had reported a 23% year-on-year rise in consolidated net profit for the March quarter of FY26, supported by improved operating performance and strong growth across key business metrics.
Company's net profit increased to ₹23,467 crore from ₹19,039 crore in the corresponding quarter last year. The board also approved a dividend of ₹10 per equity share.
Shares of Life Insurance Corporation of India (LIC) ended 0.65% lower at ₹437.30 on June 24.
Also Read: Tata Steel pumps ₹1,625 crore into Singapore arm as global investment push continues
According to the state-owned life insurance behemoth's filing, Agrawal submitted his resignation letter on June 24, 2026.
Company said that Agrawal's resignation will be effective from the close of business hours on July 14, 2026, following which he will cease to be the Chief Financial Officer and Key Managerial Personnel of the corporation.
Agrawal, in his resignation letter, said he was stepping down as Chief Financial Officer to pursue better prospects and requested to be relieved of his responsibilities with effect from July 14, 2026.
He added, "I am grateful for the opportunities, guidance and encouragement I have received during my tenure. I extend my best wishes for the Corporation's continued achievements in future. I shall be glad to provide any assistance as may be required."
LIC said it has placed on record its appreciation for Agrawal's contributions during his tenure and wished him success in his future endeavours.
The insurer also disclosed the resignation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
LIC Q4FY26 results
LIC had reported a 23% year-on-year rise in consolidated net profit for the March quarter of FY26, supported by improved operating performance and strong growth across key business metrics.
Company's net profit increased to ₹23,467 crore from ₹19,039 crore in the corresponding quarter last year. The board also approved a dividend of ₹10 per equity share.
Shares of Life Insurance Corporation of India (LIC) ended 0.65% lower at ₹437.30 on June 24.
Also Read: Tata Steel pumps ₹1,625 crore into Singapore arm as global investment push continues
/images/ppid_a911dc6a-image-178232082866672007.webp)
/images/ppid_59c68470-image-178232006647413376.webp)
/images/ppid_59c68470-image-178232003163797685.webp)
/images/ppid_59c68470-image-178232002950184229.webp)
/images/ppid_59c68470-image-178232002390538021.webp)
/images/ppid_a911dc6a-image-178231909603529311.webp)
/images/ppid_a911dc6a-image-178231905743169438.webp)
/images/ppid_a911dc6a-image-178231913350962754.webp)