Pursuant to Section 10 (d) of State Financial Corporations Act, 1951, Life Insurance Corporation of India, Mumbai, vide letter dated May 16, 2023, nominated Shri Madhukar M. Asthana, Senior Divisional Manager, LIC of India, Gandhinagar Divisional Office, Gandhinagar as a Director on the Board of Directors of the Corporation in place of Shri Sanjeev Mehta. Shri Madhukar M. Asthana assumed office on May 23, 2023. Intimation and brief resume of Director are attached.