Prafulla Jaipuria Appointed as LIC Nominee Director on Board of The Orissa Minerals Development Company Limited
The Orissa Minerals Development Company Limited (OMDC) has appointed Shri Prafulla Jaipuria, Secretary General of the Insurance Institute of India in Mumbai, to represent Life Insurance Corporation (LIC) as a Nominee Director on its board. This appointment replaces Shri TR Mallick.The decision regarding the change in representation was communicated by LIC, marking the formal transition of the director role. The Board of OMDC formally approved the appointment of Shri Jaipuria through a Resolution by circulation on July 7, 2026.
Shri Prafulla Jaipuria, who heads the Insurance Institute of India, will serve as the Nominee Director for LIC at OMDC. The change details are summarized below:
| Aspect | Details |
|---|---|
| New Director | Shri Prafulla Jaipuria, Secretary General, Insurance Institute of India, Mumbai |
| Replaced Director | Shri TR Mallick |
| Date of Appointment | May 29, 2026 |
| Board Approval Date | July 7, 2026 |
The nomination of the director is subject to the provisions of Section 6A of the Life Insurance Corporation Act, 1956. As per the provided details, there are no applicable relationships disclosures concerning this appointment.
ORISSAMINE Stock Price Movement
As of 3:28 PM, shares of The Orissa Minerals Development Company Limited are shedding value in live trading, as the stock slips by 1.62% to trade at ₹3790. This intraday movement comes amid a volume of 7,352 shares traded for the equity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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