LIC Bonus Issue: Insurer Sets Record Date For 1:1 Allotment Of Additional Shares; Check Record Date

The Life Insurance Corporation of India (LIC) on Thursday announced that its board has fixed the record date to find the shareholders eligible for the upcoming bonus issue.

The state-run insurer has fixed May 29 as the record date for the 1:1 bonus issue, according to an exchange filing. The deemed date of allotment of bonus equity shares will be June 1, 2026, it added.

The company, notably, on Monday received shareholder nod for the the allotment of fully paid-up bonus equity shares worth Rs 6,352 crore.

The shares, which carry a face value of Rs 10, are being issued in a 1:1 ratio, effectively doubling its paid-up share capital. Under this structure, shareholders receive one new bonus equity share for every one existing share held. This is the first ever bonus issue announced by LIC.

Following the move, LIC's paid-up share capital will increase from 632 crore shares to 1,264 crore shares. The monetary value of the post-issue capital will stand at approximately Rs 12,649 crore.

ALSO READ: LIC Dividend: Insurer Declares Rs 20/Share Dividend, But There's A Bonus Issue Catch; Check Record Date

LIC also declared a final dividend of Rs 20 per share for financial year 2025-26, while noting that the payout will be equivalent to Rs 10 apiece following the bonus issue. The record date to determine the shareholders eligible for the dividend has been fixed as June 25. 

The Indian insurance sector behemoth also posted its results for the March quarter on Thursday. The net profit rose 23% on an annualised basis, while the net premium income rose 12%.

LIC Q4 Results Highlights (Consolidated, YoY)

• Net profit up 23.2% at Rs 23,420 crore versus Rs 19,013 crore
• Net premium income up 11.6% at Rs 1.7 lakh crore vs Rs 1.5 lakh crore
• Solvency ratio at 2.35% vs 2.11%
• 13th month persistency ratio at 67.77% vs 68.62%
• Gross NPA at 1.21% vs 1.31% (QoQ)

The quarterly results were declared after the market hours. LIC's scrip had settled 0.43% higher at Rs 800 apiece on the NSE, compared to a flat close for the benchmark Nifty 50.

ALSO READ: Q4 Results Live Updates: LIC Profit Jumps 23%; ICRA Declares Bumper Rs 105/Share Dividend; Mamaearth Profit Triples

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.