ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Change in Director(s) of the company.
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Awaiting price reaction for this filing.
ICICI Lombard has informed the exchanges that Mr. Suresh Kumar (DIN: 00494479) has ceased to be a Non-executive, Independent Director of the company with effect from the close of business hours on July 8, 2025. He had been re-appointed in April 2021 for a second term of five years (June 1, 2021 to May 31, 2026). His exit is because he has reached the maximum age limit of 75 years prescribed by the IRDAI Master Circular on Corporate Governance for Insurers, 2024, which bars any person from continuing on the board of an insurer after attaining that age. The Board has recorded its appreciation for his contributions during his tenure. No new appointment has been announced in this filing.
This is a routine, regulation-driven change with no governance concerns. It is unlikely to have any material impact on the stock price, though shareholders may watch for the appointment of a replacement independent director in due course.