Niva Bupa Health Insurance Company Limited has informed the Exchange regarding Cessation of Mr. Chandrashekhar Bhaskar Bhave as Independent Director & Chairman of the company w.e.f. August 27, 2025, due to completion of tenure.
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Niva Bupa Health Insurance Company has informed the exchanges that Mr. Chandrashekhar Bhaskar Bhave (DIN: 00059856) has ceased to be an Independent Director and Chairman of the company with effect from the close of business hours on August 27, 2025. The cessation is on account of completion of his second term as Independent Director, which ran from December 16, 2024 to August 27, 2025. The disclosure has been made under Regulation 30 and 51 of the SEBI Listing Regulations, 2015, along with the required details in Annexure A. No reasons other than tenure completion have been cited.
This is a routine, planned exit due to the end of Mr. Bhave's board tenure and is not expected to materially impact the company's operations or stock price. Investors may, however, watch for the appointment of a new Independent Chairman, as the position is now vacant.