Star Health And Allied Insurance Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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Star Health's board, meeting on May 12, 2025, approved the appointment of two senior executives as Whole-time Directors for five-year terms, pending IRDAI and shareholder approval. Mr. Himanshu Walia, currently the Chief Marketing Officer, has over 22 years of insurance industry experience and has been with Star Health since 2007. Mr. Amitabh Jain, currently the Chief Operating Officer, brings 25 years of financial services experience and was a founding member of ICICI Lombard. Additionally, the effective date for Mr. Prashant Kalaver's appointment as Chief Risk Officer was revised to May 19, 2025.
These appointments signal continuity in leadership, with two long-serving internal executives being elevated to Whole-time Director positions, which could be viewed positively by investors as it reflects stability and reward for internal talent. The appointments remain subject to regulatory and shareholder approvals, so they are not yet finalised.