GIC Re Board appoints new Chief Risk Officer, approves office relocation

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GICRE · price

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

+1.4%Reaction day

₹313.50

prior close

₹314.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%+1.3% vs market

General Insurance peers, median of 5sector+2.6%-1.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.2 pts less 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

-0.2

10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.1+1.3+2.6-1.2

Next day

+1.7+1.0+0.7+1.4+0.3

+2.2+1.0+1.2+2.4-0.1

+3.8+0.7+3.1+0.4+3.4

+4.5+0.6+3.9-0.3+4.8

+4.0-0.5+4.5-0.9+4.9

+2.1-2.7+4.7-1.4+3.4

15d

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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

GIC Re Board approved two items at its October 9, 2026 meeting: (1) temporary relocation of office premises to facilitate repairs and maintenance, and (2) appointment of Mrs. Prerana Puthran, currently Deputy General Manager, as Chief Risk Officer (Key Managerial Person), replacing Ms. Jayashri Balkrishna effective the same date. Puthran joined GIC Re in 1992 and has handled underwriting, risk management, claims, and investor relations roles.

Likely market impact

Internal CRO appointment from a long-tenured executive suggests continuity. Office relocation is operational with no material financial impact for shareholders.