LIC MUTUAL FUND ANNOUNCES APPOINTMENT OF MR. ASHIS KUMAR AS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER

A. Appointment of Mr. Ashis Kumar as Managing Director and Chief Executive Officer on the Board of LIC Mutual Fund Asset Management Limited (AMC)

LIC Mutual Fund has announced that Mr. Ashis Kumar, who was serving as the Chief Operating Officer of LIC Mutual Fund Asset Management Limited (AMC), has been appointed as the Managing Director & Chief Executive Officer (CEO) of the AMC with effect from 26(th) September 2026. He will continue to be designated as Key Personnel of the AMC. Accordingly, upon his appointment as Managing Director & CEO, Mr. Ashis Kumar ceased to hold the position of Chief Operating Officer with effect from the close of business hours on 25(th) September 2026.

B. Cessation of Mr. Ravi Kumar Jha, Managing Director and Chief Executive Officer from the Board of LIC Mutual Fund Asset Management Limited (AMC).

LIC Mutual Fund has announced that Mr. Ravi Kumar Jha, Managing Director & CEO of the AMC has resigned from the services of LIC Mutual Fund Asset Management Limited, on account of his impending superannuation from LIC of India. Accordingly, he ceased to be a Key Personnel for the Schemes of LIC Mutual Fund from the close of business hours of 25(th) September 2026.