SBI Life director change: SBI Life Insurance Company Ltd informed the stock exchanges in a BSE filing on August 19, 2026, that Narayan K. Seshadri had ceased to be an independent director following the completion of his tenure at the close of business that day.

Seshadri, whose Director Identification Number is 00053563, completed two consecutive terms of three years each on the insurer's board. The stated reason for the change was the completion of his tenure, rather than a resignation, removal or fresh board appointment.

Six-year tenure ends on SBI Life board

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. SBI Life also provided the prescribed details under the SEBI master circular dated January 30, 2026.

  • Effective date: Close of business hours on August 19, 2026
  • Nature of change: Cessation as an independent director
  • Reason: Completion of two consecutive three-year terms
  • NSE symbol: SBILIFE
  • BSE scrip code: 540719

As the disclosure concerns completion of tenure and not an appointment, the filing marked the requirements for a brief profile and disclosure of relationships between directors as not applicable.

Exchange disclosure details

The filing was signed by Company Secretary Girish Manik and submitted to BSE Limited and the National Stock Exchange of India Limited. It requested the exchanges to take the director-level change on record.

SBI Life Insurance Company Ltd has its registered and corporate office at Natraj, M.V. Road and Western Express Highway Junction, Andheri East, Mumbai. The filing identifies the insurer's IRDAI registration number as 111 and its corporate identity number as L99999MH2000PLC129113.

The company did not disclose a successor appointment in the supplied filing. The announcement was confined to Seshadri's cessation after completing the stated tenure.

Source: BSE corporate announcement.