General Insurance Corporation of India has informed the Exchange regarding Change in Auditors of the company.
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General Insurance Corporation of India (GIC Re) has informed the stock exchanges about the appointment of two Joint Statutory Auditors for the financial year 2025-26. The auditors were appointed by the Comptroller and Auditor General of India (C&AG) vide letter dated 10th September 2025. The two firms appointed are M/s S H B A & CO LLP (FRN: 101046W/W100063) and M/s S A R A & Associates (FRN: 120927W). Both firms are ICAI-registered Chartered Accountancy firms with pan-India presence and experience in statutory audits of listed companies and PSUs. The Board approved the appointment and remuneration through a circular resolution on 25th September 2025.
This is a routine regulatory disclosure for a government-owned insurer, where the C&AG directly appoints statutory auditors. No material impact expected on shareholders or stock price as this is a standard annual appointment process.