StockWatch
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Housing Finance Company
Management Change28 Aug 2026, 09:30 pm

Sandeep Kumar Appointed MD & CEO of LIC Housing Finance

AI Summary

LIC Housing Finance Ltd. has announced the appointment of Shri Sandeep Kumar as Additional Director, Managing Director & Chief Executive Officer (CEO). This appointment, approved by the Board of Directors on August 28, 2026, is effective from August 29, 2026. Shri Kumar will serve for a maximum period of 5 years, or until he remains a nominee director of LIC of India. The appointment is subject to shareholder approval within three months and is not liable to retire by rotation. Shri Kumar has provided necessary disclosures and confirmed compliance with fit and proper criteria.

Key Highlights

  • Sandeep Kumar appointed as MD & CEO.
  • Appointment effective August 29, 2026.
  • Term up to 5 years, subject to shareholder approval.
  • Not liable to retire by rotation.
  • Satisfies fit and proper criteria.