Life Insurance Corporation of India - 543526 - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
In accordance with the IRDAI letter dated 10/11/2022 and subsequent approval by the Board of Directors, the Corporation has changed its accounting policy and has transferred an amount of Rs.14,27,180.41 lakhs (Net of Tax) pertaining to the accretion on the Available Solvency Margin from Non Par to Shareholder''s Account due to which the Profit for the quarter and half year ended 30th September, 2022 has increased to that extent. The said amount comprises of Rs.5,58,071.76 lakhs (Net of Tax) of quarter ended 30th September, 2022, Rs. 4,14,877.76 lakhs (Net of Tax) of quarter ended 30th June, 2022 and Rs. 4,54,230.88 lakhs (Net of Tax) of quarter ended 31st March, 2022. The above intimation has already been disclosed along with the unaudited financial results for the quarter and half year ended on 30th September, 2022 filed with the Stock Exchanges yesterday, 11th November, 2022.12-11-2022