LIC 1:1 bonus issue — 632,49,97,701 shares allotted on June 1, 2026

LIC bonus issue – what investors need to know

The latest board outcome filing from Life Insurance Corporation of India (LIC) for the quarter and half year ended 30 September 2026 does not announce any new bonus issue, buyback or dividend. However, the notes to the financial results recap the bonus issue that was approved and completed earlier in the year.

According to the notes to the standalone and consolidated financial results (Note 5), LIC’s Board had approved a bonus issue in April 2026, which has since been allotted.

Key terms (from the company’s own disclosure)

• Bonus ratio: “1:1, i.e., 1 (one) bonus equity share of Rs. 10/- each for every 1 (one) fully paid-up equity share of Rs. 10/- each”
• Board approval date: “in its meeting held on April 13, 2026, approved the issuance of bonus shares”
• Record date: The filing refers to “for every 1 (one) fully paid-up equity share of Rs. 10/- each held by the Members as on the record date” but does not state the record date.
• Allotment date: “the Corporation allotted 632,49,97,701 bonus equity shares on June 1, 2026.”
• Paid-up equity capital before bonus: “Rs 6,325.00 cr comprising 6,32,49,97,701 equity shares”
• Paid-up equity capital after bonus: “Rs 12,650.00 cr comprising 1264,99,95,402 equity shares.”

Because the bonus shares have already been allotted on June 1, 2026, this is a past corporate action. The current 5 November 2026 board outcome is simply reiterating these details in Note 5 to the results.

Eligibility – who received the bonus shares?

The note specifies that the bonus was “for every 1 (one) fully paid-up equity share of Rs. 10/- each held by the Members as on the record date.” The exact record date is not printed in this filing. Investors who held fully paid-up equity shares on that record date, as determined earlier in 2026, were eligible to receive 1 bonus share for every 1 share held.

The filing also explains that, following this issue, LIC has restated its earnings per share (EPS) for earlier periods:

“Pursuant to the allotment of bonus equity shares, the basic and diluted earnings per share (EPS) for the comparative periods have been restated in accordance with AS 20 - Earnings per Share, as if the bonus issue had been in effect from the beginning of the earliest period presented.”

This means all EPS figures shown in the current statement of financial results already factor in the enlarged share capital after the 1:1 bonus.

Dividend context

The same note section also summarises the most recent dividend decision (again, this is historical, not a new recommendation in the 5 November 2026 meeting):

• Final dividend: “a final dividend of Rs. 10 /- per equity share of Rs.10 /- each for the Financial Year 2025-26 after considering the Bonus Shares issue.”
• Board recommendation date: “in its meeting held on May 21 ,2026, had recommended a final dividend”
• Shareholder approval: “approved by the shareholders at the Annual General Meeting held on July 27, 2026”
• Payment date: “paid on July 29, 2026.”

The 5 November 2026 filing does not announce any new interim or final dividend, nor does it specify a new dividend record date.

No buyback or fresh corporate action in this filing

The board’s outcome letter at the start of the filing lists the matters approved on 5 November 2026. These are:

1. Approval of the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the limited review reports and a performance press release.
2. A change in the Chief Compliance Officer and Key Managerial Personnel.

There is no mention in this outcome of:

• any share buyback,
• any new bonus issue, or
• any new dividend declaration or record date.

For investors searching for “LIC bonus issue”, the relevant information in this particular filing is therefore the recap of the already completed 1:1 bonus issue, its impact on share capital, and the fact that EPS figures have been restated to reflect it.