Niva Bupa Health Insurance Company Limited has informed the Exchange regarding Change in Auditors of the company.
NIVABUPA · price
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Niva Bupa's board, at its May 7, 2025 meeting, approved multiple changes. It appointed M/s Nangia & Co. LLP as Statutory Auditors for four years (from the 17th AGM in 2025 to the 21st AGM in 2029) and M/s Ranjeet Pandey & Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30). It elevated two internal leaders — CFO Vishwanath Mahendra and Chief Distribution Officer Ankur Kharbanda — to Whole-time Directors for five-year terms, subject to shareholder and IRDAI approval. Chief Risk Officer Joanne Elizabeth Woods resigned effective May 7, 2025, and was replaced by Vipul Sharma effective May 8, 2025. The board also approved a grant of 63,12,187 ESOPs to eligible employees under the ESOP 2024 scheme and amended the UPSI fair disclosure code.
The auditor change appears routine (linked to the upcoming AGM term expiry) and the CRO and director moves are internal, with no disruption to leadership or audit oversight signalled. The ESOP grant of ~63 lakh shares will create some future dilution but aligns employee incentives with shareholders.