SBI Life Insurance Company Limited has informed the Exchange regarding Change in Auditors of the company.
SBILIFE · price
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Awaiting price reaction for this filing.
The Board of Directors of SBI Life Insurance approved two items at its meeting on July 24, 2025. First, Mr. Amit Jhingran has been re-appointed as Managing Director & CEO for the period from October 1, 2025 to January 31, 2027, subject to shareholder approval. He is an SBI career banker with over 31 years of experience across international, retail and branch banking, including serving as CEO of SBI, Chicago. Second, M/s. Aashish K. Bhatt & Associates has been appointed as Secretarial Auditor for 5 consecutive years from FY 2025-26 to FY 2029-30. Both decisions are subject to shareholder approval.
The re-appointment of the existing MD & CEO provides leadership continuity at the company, which is positive for strategic stability. The new secretarial auditor appointment is a routine compliance matter and is unlikely to have any material impact on the stock.