Management Change6 Aug 2026, 09:31 pm
India Cements: LIC Nominee Director Change Effective Aug 7, 2026
AI Summary
India Cements Ltd announced a change in its Directorate, with the Life Insurance Corporation of India (LIC) nominating Mr. Tribhuwan Adhikari as its Nominee Director. This change is effective from August 7, 2026. Mr. Adhikari replaces Mr. Y Viswanatha Gowd, whose term as Nominee Director expires on August 6, 2026. Mr. Adhikari brings over three decades of experience from LIC and its subsidiary, LIC Housing Finance Limited, where he currently serves as MD & CEO. The appointment is subject to shareholder approval. Mr. Adhikari is not debarred from holding a director position by any regulatory authority.
Key Highlights
- LIC nominates Tribhuwan Adhikari as Nominee Director.
- Y Viswanatha Gowd ceases to be Nominee Director on Aug 6, 2026.
- Tribhuwan Adhikari's appointment is effective Aug 7, 2026.
- Appointment subject to shareholder approval.
- Adhikari has extensive experience in LIC and LICHFL.
Price Impact
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