The New India Assurance Company Limited has informed the Exchange about General Updates

Kmp ResignedManagement Changes View source PDF Explain this filing

NIACL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.8%Reaction day

₹181.67

prior close

₹182.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.6%-2.2% vs market

General Insurance peers, median of 5sector-0.5%-3.3% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 3.3 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-0.9

15m

-1.7

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8-1.6-2.2-0.5-3.3

Next day

-1.5-0.8-0.7-0.1-1.4

-3.1-1.1-2.0-0.6-2.5

+0.5-0.6+1.0+0.6-0.1

+1.5-0.0+1.5-0.1+1.6

+0.6+0.2+0.4-2.1+2.7

+2.9+0.8+2.1+0.9+2.0

15d

+7.0+4.4+2.6+3.2+3.8

+2.5+1.4+1.1-5.1+7.6

+1.1+4.8-3.7-1.3+2.4

+6.0+2.7+3.3-2.5+8.5

UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The New India Assurance Company has informed the stock exchanges about a change in its Key Managerial Personnel. Mr. Abhishek Pagaria, currently the Chief Manager of the company, has been appointed as the new Company Secretary and Compliance Officer, replacing Ms. Jyoti Rawat, effective May 20, 2025. The appointment was approved by the Board of Directors at a meeting held on May 19, 2025. Mr. Pagaria is an associate member of the Institute of Company Secretaries of India and a Fellow of the Insurance Institute of India, with 20 years of experience in the general insurance industry, including heading the company's Philippines operations.

Likely market impact

This is a routine internal KMP change with no material impact on the company's operations or financials. The new Company Secretary is a long-standing internal employee with deep industry experience, suggesting continuity in compliance and governance matters.