General Updates

Ref. No.: LIC/SE/2026-27/91 Date: August 27, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, Floor, Plot C/1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: 543526 Scrip Code: LICI Dear Sir/Madam, Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has subscribed 500,000 Non- convertible Debentures (NCDs) of Face Value of Rs. 100,000/- each amounting to Rs. 5000 crores of Bajaj Finance Limited. The details as required under the Listing Regulations read with SEBI Circulars as applicable from time to time, are enclosed as "Annexure - A". Please take the above information on record and arrange for its dissemination. A copy of this intimation is also being made available on the website of the Corporation at www.licindia.in. Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer Encl.: a/a Annexure-A Sr. Particulars Details 1 Name of the target entity, details in brief such Bajaj Finance Limited as size, turnover etc.; 2 Whether the acquisition would fall within No related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? if yes, nature of interest and details thereof and whether the same is done at "arm's length"; 3 Industry to which the entity being acquired Deposit-taking Non-Banking Financial belongs; Company (NBFC-0) 4 Objects and impact of acquisition (including Objects of this issue is to augment the long but not limited to, disclosure of reasons for term resources of the Company. The funds acquisition of target entity, if its business is raised through this issue will be utilized for outside the main line of business of the listed general business purpose of the Company entity); including various financing activities, to repay company's existing loans, capital expenditure and working capital reQuirements. 5 Brief details of any governmental or regulatory No approvals required for the acquisition; 6 Indicative time period for completion of the 27.08.2026 acquisition; 7 Date & time of occurrence of the aforesaid 27.08.2026 event/information Time: 10.30 am 8 Nature of consideration - whether cash Bank/RTGS Payment consideration or share swap or any other form and details of the same; 9 Cost of acquisition and/or the price at which f 1,00,000/- per NCO the shares are acquired; 10 Percentage of shareholding I control acquired Total Number of Debenture 5,00,000 unit and I or number of shares acquired; 11 Brief background about the entity acquired in Bajaj Finance Limited (BFL or 'the Company) terms of products/line of business acquired, is a subsidiary of Bajaj Finserv Limited (51.3% date of incorporation, history of last 3 years ownership). It is a deposit-taking Non-Banking Financial Company (NBFC-0) registered with turnover, country in which the acquired entity the Reserve Bank of India (RBI) and is has presence and any other significant classified as a NBFC-lnvestment and Credit information (in brief); Company (NBFC-ICC).The Company is classified as NBFC-UL (Upper layer) by the RBI.