Life Insurance Corporation of India (LIC) has issued a corrigendum regarding its recent financial disclosure. The update clarifies that the Audit Committee meeting held on May 20, 2026, was officially adjourned and resumed on May 21, 2026. During this resumed session, the committee reviewed the standalone and consolidated financial results for the quarter and year ended March 31, 2026, which were subsequently approved by the Board of Directors.
Clarification on Audit Proceedings
Following the initial announcement, the Corporation has provided a formal clarification regarding the procedural timeline for its financial reporting. It has been confirmed that the Audit Committee meeting, initially convened on May 20, 2026, was adjourned to May 21, 2026. This adjustment was necessary to ensure a comprehensive review of the financial results.
Approval of Financial Results
During the session held on May 21, 2026, the Audit Committee finalized its review of the standalone and consolidated financial statements for the quarter and year ended March 31, 2026. Following the committee’s recommendation, the Board of Directors formally approved the financial results for the 2025-26 fiscal year, ensuring all regulatory reporting requirements were met for the period concluding at the end of Q4.
Source: BSE
