The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for President of India

{qlfrffi Tdfi ?TI-{f, {{Tfi-TT ftfl {TEq freYro ffiq W f+Tt=T Mandakini Balodhi dr{q ftq qcq, ffi qtrq-d Director qo, qivlq qrri, q-{ ffi-qqoooq FSAE qqa Government of lndia Ministry of Finance Department of Financial Services Jeevan Deep Building,3rd Floor, 10, Parliament Street, New Delhi-110001 Tele : +91-11-23748736 E-mail : dirinsurance2-dfs@gov.in Website : www.financialservices.gov.in Date: August7,2026 Life Insurance Corporation of BSE Limited National Stock Exchange of India Corporate Relations Department, India Limited Board of Directors, Phiroze Jeejeebhoy Towers Listing Department, Yogakshema, Jeevan Bima Marg, Dalal Street Exchange Plaza, Plot No. Nariman Point, Mumbai 400 021, Fort, Mumbai 400 001 C/I, G Block Maharashtra, India Maharashtra, India Bandra Kurla Complex Bandra (East), Mumbai 400 Maharashtra, India Scrip Code: 543526 Symbol: LICI Dear Sir/ Madam, Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) tions,2011 This is with reference to the notice dated August3,2026 ("Notice") filed by us with the Stock Exchanges wherein, the President of India, acting through the Deparlment of Financial Services, Ministry of Finanie, Government of India, being the promoter (the "Promoter") of the Life Insurance Corporation (the "Corporation") proposed to sell up to 31,62,49,885 Equity Shares of the Corporation, (representing 2.50% of the total paid up equity share capital of the Corporation) ("Base Offer Size"), on Augusi 4,2026, ("T day,') (for non-Retail Investors only) and on August 5,2026 ("T+l day") (for Retail Investors and for non-Reiail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 50,59,99,816 Equity Shares (representing 4.00% of the total issued and paid up equity share capital of tlre Corporation) (the "Oversubscription Option"), through a separate designated window of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE" and together with BSE, the ,,Stock Exchanges"), by the way of offer for sale through paragraph l9 of chapter I of the master circular of stock exchanges and clearing corporations bearing reference number SEBI/HO/MRDZlPoD-2lClRlPl2O24/00181 dated December 30, 2024, notified by the Securities and Exchange Board of India ("SEBI") ("SEBI Master Circular") pertaining to comprehensive guidelines on offer for sale of shares through stock exchange mechanism, and the applicable notices and circulars issued by the Stock Exchanges (as defiried herein) from time to time in this regard, including (a) "Revised Operational Guidelinesfor Offer/br Sale (OFS) Segment" issued by BSE limited ("BSE") by way of its notice bearing no.20240701-19 dated July l, 2024 (',BSE OFS Circular") and, to the extent applicable, the previous circulars issued by BSE in this regard; (b) "Revisecl op-erating guidelines of Offer for Sale " issued by National Stock Exchange of India Limited ("NSE") by way of its circular bearing no.2512026 and dated February 24,2026,to the extent applicable, the previous rioticei issued by NSE in this regard ("NSE OFS Circular", together with the BSE OFS Circular, the "Stock Exchange Circulars" and together with the SEBI OFS Circular, the "OFS Guidelines"), and such offer for sale is hereinafter referred as the "Offer"). Additionally, up to 50,00,000 Equity Shares of the Corporation were offered to eligible employees of the Corporation, in accordance with the terms and conditions provided in the OFS Guidelines (the "Employee Offer"). In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 201 1 ("SEBI Takeover Code"), we are hereby notifying the information regarding sale of Equity Shares rnade by us on T day, T +1 day, in regard to the transaction olthe Offer which commenced on T day and ended on T day. As required under Regulation 29(3) of SEBI Takeover Regulations, we are informing you about the said sale within 2 working days of closure of the aforesaid Offer for sale transactions. Enclosed is the report in the format prescribed by the Securities and Exchange Board of India. The above is for your information and records. Yours faithfully, For and on behalfofPresident oflndia, Authorised Signatory Name: Mandakin Balodhi Designation: Director DISCLOSURES UNDER REGULATION 29(2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVER) REGULATIONS, 201 I Name of the Target Company (o,TC,,) Life Insurance Corporation of India (,.Corporation,') Name(s) of the Seller President of India, acting through the Minist.y of finance, Government of India ("Seller") Whether the Seller belongs to Promoter/promoter Yes, the Seller is the Promoter of the Company group Name(s) of the Stock Exchange(s) where the BSE Limited C'BSE') and National Stock Exchange of Indii shares of TC are Listed Limited ('NSE") Details of the aeqtisition*disposal as follows Number oh w,r,t. total oh w.r.t. total share/voting diluted capital share/voting wherever capital of the TC apnlicable(**) (*) Before the acqnisiti,en/disposal under consiae.ation, trol,Oiru ot 4) Shares carrying votins rishts 12,20,72,45.s62 96.s0 96.50 b) Shares in the nature of encumbrance llteagel Nil NA NA lien/ non-disposal undertakine/ others) c) Voting rights (VRJ otherwise than by shares Nit NA NA cl) warrants/ conveftible securities/ any other Nil NA NA instrument that entitles the ae+rirer seller to receive shares carrying voting rights in the TC (qpecify holdine in each catesorv) e) Total (a+b+c+6; 12,20,72.45.562 96.s0 96.s0 Details of eeffiisi{ionl sale of shares held by the Seller: a) Shares carrying voting rights sold 82,23,33,5s8 6.50 6.s0 b) VRs sold otherwise than by shares Nil NA NA c) Warrants/ convertible securities/ ury otlre, Nil NA NA instrument that entitles the aettu.i+er seller to receive shares carying voting rights in the TC (specifo holding in each category) aegt*irC/sold d) Shares encumbered / invoked/releusea Uy tt e Nil NA NA seller e)Total(a+b+c+d) 82,23,33,559 6.s0 6.50 After the acquisition/ sale, holding of: a) Shares carrying voting rights I1,38,49,12,004 90.00 90.00 b) Shares encumbergd with the acquirer Nil NA NA c) VRs otherwise than by shares Nil NA NA dJ warrants/ convertible securities/ any other Nil NA NA instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each catggory) after acquisition e) Total (a+b+c+d) I t,38,49,12,004 90.00 90.00 Mode of sale (e.g. open market / off-market l' Offer for sale by the president of India, acting throfih Vinistry of public issue / rights issue / preferential allotment Finance, Government of India (the ..Seller,,) ttrough stock / inter-se transfer etc). exchange mechanism in accordance with paragraph l9 olchapter I of the master circular of stock exchanges and cleaiing corporations bearing reference number SEBI/HO/MRD2/poD- 2/CINP/2024I00181 dated December 30, 2024, notifred by the Securities and Exchange Board of India (..SEBl',) (,.SEBI Master Circular") pertaining to comprehensive guidelines on offer for sale of shares through stock exchange mechanism, and the applicable notices and circulars issued by the Stock Exchanges (as defined herein) from time to time in this regard, including (a) "Revised Operational Guidelines for Offer for Sale (OFS) Segment" issued by BSE limited C'BSE") by way of its notice bearing no. 20240701-19 dated July l, 2024 ('BSE OFS Circular") and, to the extent applicable, the previous circulars issued by BSE in this regard; (b) "Revised operating guidelines oJ' Offer for Sale " issued by National Stock Exchange of India Limited ("NSE") by way of its circular bearing no.2512026 and dated February 24, 2026, to the extent applicable, the previous notices issued by NSE in this regard C'NSE OFS Circular", together with the BSE OFS Circular, the "Stock Exchange Circulars" and together with the SEBI OFS Circular, the "OFS Guidelines") Date of sale of shares F [Showing first 8,000 characters — download PDF for full document]