Life Insurance Corporation of India

Post-OFS shareholding update

• Post OFS shareholding pattern filed for LIC.
• Filed under Reg. 31(1)(a)/(b)/(c) with period ending 07.08.2026.
• Board-approved foreign ownership limit is 20%; utilization is 1.23% as on 07.08.2026.
• Unclaimed shares: 54 holders, 2,523 shares.
• Declaration confirms no partly paid-up shares and no convertible securities or warrants.
• Declaration confirms no depository receipts, no locked-in shares, and no promoter encumbrances.

Senior management change

• Re-designation of Shri Madhu V. S. as Additional Director, Management Development Centre, Mumbai; SMP; effective August 17, 2026.
• Profile: joined LIC in 1992; ex GM (Life), Nairobi; 34-year LIC career.

Investor meet update

• LIC representatives attended the investors' meet on August 17, 2026 (group and one-on-one meetings).
• No unpublished price sensitive information was shared/discussed during the meet.
• Corporate presentation from the meet is available on the LIC website.
• A copy of this intimation is available on LIC's website.

Investors' meet update

• LIC representatives attended the August 13, 2026 investors' meet (group and one-on-one).
• No unpublished price-sensitive information was discussed at the meetings.
• Corporate presentation was shared and is available on the LIC website.

Investor meeting details

• LIC to participate in Motilal Oswal AGIC 2026 on Aug 17, 2026.
• Group and one-on-one meetings with institutional investors; presentation to be shared.
• Corporate presentation for August 2026 available on LIC website.
• Venue: Hotel Grand Hyatt, Mumbai.

Financial and operating highlights

• Transcript of LIC Q1 FY27 earnings call released for quarter ended 30 June 2026.
• Total premium income rose 6.75% YoY to 127,250 crore.
• Individual NBPI was 14,351 crore; renewal income 61,065 crore; total individual premium 75,416.
• Total group premium income 51,834 crore with new group NBPI 51,229 crore.
• APE stood at 13,692 crore; individual APE 7,532; group APE 6,160.
• VNB margin improved to 22.9% YoY; VNB rose to 3,136 crore.
• Profit after tax rose 22.81% YoY to 13,492 crore.
• Solvency ratio improved to 2.42x from 2.17x.
• AUM grew 4.1% YoY to 59,39,384 crore; policy count 31,02,281 new policies.
• OFS: Government sold 6.5% stake; public float now 10%.

Publication context

• Subject: Corporate Presentation for Q1 FY27 to analysts.
• Schedule: Aug 13, 2026; filing dated Aug 12, 2026.

Q1 FY27 highlights

• Total Premium Income: INR 1,27,250 Cr in Q1 FY27; +6.75%.
• Total Group Premium: INR 51,834 Cr; +8.61%.
• Individual NB Premium: INR 14,351 Cr; +14.48% YoY.
• Renewal Premium (Individual): INR 61,065 Cr; +3.61%.
• AUM: INR 59,39,384 Cr; +4.10%.
• Net VNB: INR 3,136 Cr; Net VNB Margin 22.9%.

Target & disclosing party

• Target: Life Insurance Corporation of India (LIC).
• Disclosing Party: President of India, via the Ministry of Finance (Promoter).

Holding positions (pre/post)

• Pre-transaction voting rights: 12,20,72,45,562 (96.50%).
• Post-transaction voting rights: 11,38,49,12,004 (90.00%).
• Encumbrances: Nil pre; NA post.

Transaction details

• Mode: OFS through stock-exchange mechanism (BSE/NSE).
• Dates: August 4–5, 2026.
• Total voting-rights shares sold: 82,23,33,559.
• Pre-transaction capital: 12,64,99,95,402 shares.
• Post-transaction capital: 12,64,99,95,402 shares.
• Total diluted capital after: 12,64,99,95,402 shares.

Transaction details

• Target Company: Life Insurance Corporation of India.
• Disclosing Party: President of India, promoter, through the Department of Financial Services.
• Transaction Type: Sale/disposal of equity shares via OFS.
• Pre-Transaction Holding: Shares carrying voting rights 12,20,72,45,562; encumbrances Nil.
• Transaction Details: 82,23,33,558 voting rights sold; mode: OFS via stock exchanges on Aug 4–5, 2026.
• Post-Transaction Holding: 11,38,49,12,004 voting rights.
• Date(s) of Transaction: Aug 4–5, 2026.
• Capital Context: Pre/post equity share capital: 12,64,99,95,402 shares; diluted capital: 12,64,99,95,402 shares.

Promoter OFS and employee offer

• Form C disclosure under PIT Regulation 7(2)(a) for LIC share sale.
• Promoter to sell up to 31.62 crore equity shares, about 2.5% of paid-up capital.
• Sale to be conducted via OFS on Aug 4–5, 2026 for non-retail and retail.
• Oversubscription option: up to about 50.6 million additional shares.
• Employee offer up to 5,000,000 equity shares under OFS to eligible employees.
• Promoter is President of India, via Ministry of Finance (promoter entity).
• Disclosures made to stock exchanges; Annexure I attached; LIC website will host notice.