General Insurance Corporation of India has informed the Exchange regarding Change in Director(s) of the company.
GICRE · price
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Awaiting price reaction for this filing.
The Central Government has nominated Shri Tapan Kumar Mondal as a Director on the Board of GIC Re, effective 24th July 2025. He is a Deputy Secretary in the Department of Financial Services, Ministry of Finance, and a 1990-batch Central Secretariat Service officer. He currently serves as Deputy Secretary (Vigilance) in DFS and is also the Nodal Officer for Andaman & Nicobar Islands UT Level Bankers' Committee. The Ministry of Finance's letter was received by GIC Re on 29th July 2025, and the company confirmed he is not related to any existing directors and is not debarred from holding a director's office by any authority.
This is a routine government nominee director appointment on a PSU board, with no material impact on shareholders or stock price. It does not signal any change in management control or strategy.