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 Health Insurance's board, at its May 7, 2025 meeting, approved several changes. New statutory auditors M/s Nangia & Co. LLP were appointed for 4 years (17th AGM 2025 to 21st AGM 2029), and M/s Ranjeet Pandey & Associates as secretarial auditors for 5 years (FY2025-26 to FY2029-30). Two internal senior leaders, CFO Vishwanath Mahendra and Chief Distribution Officer Ankur Kharbanda, were appointed as Whole-time Directors for 5-year terms each. Chief Risk Officer Ms. Joanne Elizabeth Woods resigned to pursue an outside opportunity, with Mr. Vipul Sharma taking over as the new CRO from May 8, 2025. The board also approved a grant of 63,12,187 employee stock options to eligible employees under the existing ESOP Scheme 2024. All appointments are subject to shareholder and IRDAI approvals where applicable.
The changes reflect a routine auditor rotation and smooth internal succession at the senior level, with two senior executives elevated to the board and a planned CRO handover. The ESOP grant will cause mild future dilution but aligns employee interests with shareholders. No governance red flags were disclosed, and the overall tone suggests organizational stability rather than disruption.