The payout represents the government’s share of dividend, which was approved by shareholders at LIC’s annual general meeting held on August 26.
As of June 2025, LIC held a 1.8% stake (12.46 lakh shares) in the bagasse-based paper manufacturer.
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Additionally, the company announced that its Retail APE was reported at ₹7,061 Crore. This came in higher than street estimates of ₹6,919 Crore.
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Doraiswamy’s tenure is effective for three years from the date of joining office, or until he turns 62 on August 28, 2028.
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The business posted a consolidated net profit of ₹19,039 Crore in the quarter ended March 2025, registering a 38% year-on-year growth.
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