Ballarpur Industries Limited announced that Life Insurance Corporation of India (LIC), vide its letter dated 3rd April, 2018, has informed that Mr. B. Venugopal, Managing Director of LIC, who had been representing LIC on the Board of Directors of the Company has tendered his resignation from the Board of the company. Consequently, Mr. Venugopal, has ceased to be a Nominee Director of LIC with effect from April 3, 2018.