General Insurance Corporation of India has informed the Exchange regarding Appointment of Uday Laxmandas Devi as OtherChief Vigilance officer of the company w.e.f. December 29, 2025.
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GIC Re has informed the exchanges that Shri Uday Laxmandas Devi has been assigned the additional charge of Chief Vigilance Officer (CVO) of the company with effect from December 29, 2025. He is currently the CVO of Oriental Insurance Corporation Limited (OICL) and will hold this additional charge for up to three months, or until the CVC decides on his transfer request, or till further orders — whichever is earlier. Shri Devi is a Commerce (Honours) graduate, a CMA, and a CAIIB with over 32 years of experience in banking, risk management, corporate credit, and treasury. This is a government-directed arrangement by the Department of Financial Services, Ministry of Finance, and is not a permanent appointment.
This is a temporary, government-mandated additional charge arrangement and not a permanent leadership change. Shareholders are unlikely to see a meaningful impact on the stock price, though it does mean the CVO position was previously vacant or being managed differently at GIC Re.