General Insurance Corporation of India has informed the Exchange about Change in Company Secretary/Compliance Officer
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General Insurance Corporation of India (GIC Re) has appointed Mr. Satheesh Kumar as its new Company Secretary, Compliance Officer, and Key Managerial Personnel, effective 30th April 2025. Mr. Satheesh Kumar is an Associate Member of the Institute of Company Secretaries of India (ICSI) and also a Member of the Institute of Chartered Accountants of India (ICAI). He has been associated with GIC Re since 1999 and has previously worked in Investment Accounts, Credit Reinsurance, and Marine Reinsurance departments. This is an internal promotion, as he was already heading the Board Secretariat department before this appointment. The Board meeting to approve the appointment ran from 11:30 am to 12:40 pm on 30th April 2025.
This is a routine internal KMP appointment filling a key compliance role. Since Mr. Satheesh Kumar is a long-standing internal employee with deep familiarity across the organization, the transition should be smooth and is unlikely to materially affect the stock price or shareholder interests.