The New India Assurance Company Limited has informed the Exchange regarding Cessation of Ms Akani Devi as Non- Executive Independent Director of the company w.e.f. March 23, 2026.
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Ms. Akani Devi has ceased to be a part-time non-official (Woman Independent) Director on the board of The New India Assurance Company with effect from the close of office hours on March 23, 2026. Her three-year tenure, originally approved by the Government of India via an order dated March 24, 2023, has come to its natural end. The company has informed both BSE and NSE of this change. The company is a Government of India undertaking, and her appointment was made by the central government under the company's Articles of Association.
This is a routine, pre-scheduled end of tenure for a government-appointed independent director in a public sector insurer. No negative governance signal; no immediate impact on operations or shareholders is expected, though the board composition will need a replacement appointment by the government.