LIC Housing Finance has announced the appointment of Shri Sandeep Kumar as the new Additional Director, Managing Director, and Chief Executive Officer. This significant leadership change is effective from August 29, 2026, following the superannuation of the previous MD & CEO, Shri T Adhikari. The board’s decision, recommended by the Nomination and Remuneration Committee, is subject to shareholder approval within three months.
Leadership Transition at LIC Housing Finance
LIC Housing Finance Limited has announced a key leadership transition with the appointment of Shri Sandeep Kumar as its new Managing Director and Chief Executive Officer. This appointment was approved by the company’s Board of Directors on August 28, 2026, based on the recommendation of the Nomination and Remuneration Committee.
New MD & CEO Appointment Details
Effective August 29, 2026, Shri Sandeep Kumar will also serve as an Additional Director on the company’s board. His tenure as MD & CEO will not be subject to retirement by rotation. This appointment is contingent upon the approval of the shareholders, which is expected to be obtained within the next three months. Shri Sandeep Kumar brings extensive experience from his long career at LIC of India, including his recent role as Director & CEO of LIC HFL Financial Services Limited.
Cessation of Previous MD & CEO
Concurrently, the Board noted the cessation of Shri T Adhikari as the Managing Director and Chief Executive Officer. His tenure concluded at the close of business hours on August 28, 2026, due to his superannuation from the services of LIC of India. The updated details, as required by SEBI Listing Regulations, have been provided.
Source: BSE
