Board approves office relocation, appoints new Chief Risk Officer

Management Changes View source PDF Explain this filing

GICRE · price

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹313.50

prior close

₹314.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%+1.3% vs market

General Insurance peers, median of 5sector+2.6%-1.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.2 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.3

15m

-0.2

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.1+1.3+2.6-1.2

Next day

+1.7+1.0+0.7+1.4+0.3

+2.2+1.0+1.2+2.4-0.1

+3.8+0.7+3.1+0.4+3.4

+4.5+0.6+3.9-0.3+4.8

+4.0-0.5+4.5-0.9+4.9

+2.1-2.7+4.7-1.4+3.4

15d

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UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GIC Re's Board on 9 Oct 2026 approved temporary relocation of its existing office premises to carry out internal and external repairs and maintenance. The Board also appointed Mrs. Prerana Puthran, currently Deputy General Manager, as Chief Risk Officer (Key Managerial Personnel), replacing Ms. Jayashri Balkrishna, with effect from 9 Oct 2026. Puthran joined GIC Re in 1992 and has handled underwriting, enterprise risk management, claims, investor relations and other departments.

Likely market impact

Internal CRO promotion and routine office shift for repairs; minimal direct impact on share holders or stock price expected.