Niva Bupa Health Insurance Company Limited has informed the Exchange regarding Notice of Postal Ballot
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Niva Bupa Health Insurance has issued a Postal Ballot Notice seeking shareholder approval on three items via remote e-voting (November 5 to December 4, 2025). Item 1 is a Special Resolution to appoint Mr. Vivek Anant Karve (ex-CFO of Marico and Mahindra Finance, 30+ years experience) as an Independent Director for a 5-year term effective September 15, 2025. Item 2 seeks approval for payment of a profit-related commission of Rs. 20 lakh per annum to Mr. Karve as Non-Executive Independent Director. Item 3 seeks approval for a profit-related commission of Rs. 40 lakh per annum to Mr. Milind Gajanan Barve (former MD of HDFC AMC), who is the Chairman and Non-Executive Independent Director, with IRDAI approval already received on September 24, 2025. Voting will be conducted electronically through KFin Technologies, with results announced by December 5, 2025.
This is a routine governance matter with limited direct impact on shareholders' financial interests. Approval will formalize Mr. Karve's board position and confirm profit-linked commissions for both independent directors. Shareholders should review and vote during the e-voting window if they wish to participate in these governance decisions.