GIC of India CFO V. Balkrishna to step down effective June 18, 2026

Cfo ResignedManagement Changes View source PDF Explain this filing

GICRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+3.6%Reaction day

₹357.10

prior close

₹358.45

announcement price

After-mkt

timing

Nifty Midcap 150market+0.3%+3.3% vs market

General Insurance peers, median of 5sector+2.5%+1.1% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Midcap 150 and 1.1 pts more 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

+0.4

10m

+0.2

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+0.3+3.3+2.5+1.1

Next day

+3.3+0.8+2.5+2.8+0.5

+2.6-0.2+2.7+3.1-0.6

+1.6-0.1+1.7+1.6-0.0

+1.1-0.6+1.7+1.8-0.6

+1.9-0.9+2.9+1.1+0.8

+0.4-0.3+0.7+1.4-1.0

15d

+2.2+1.2+1.0+1.2+1.0

+0.8+0.8-0.1-1.8+2.6

+0.7+1.8-1.1-3.4+4.1

-3.2-0.3-2.8-7.6+4.4

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

General Insurance Corporation of India has informed the exchange about the cessation of Mr. V. Balkrishna as Chief Financial Officer of the company with effect from June 18, 2026. Mr. Balkrishna was serving as CFO and will step down from the position on the mentioned date.

Likely market impact

Key managerial personnel change at a PSU insurer. Watch for clarity on successor appointment and continuity in financial reporting.