Announced Tue, 15 Jul · 16:27 IST

The New India Assurance Company Limited has informed the Exchange about Change in Compliance Officer.

Kmp ResignedManagement Changes View source PDF

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AI summary

The New India Assurance Company has appointed Ms. Jayashree Nair, currently a General Manager, as the new Chief Compliance Officer with effect from July 15, 2025. She replaces Mr. Abhishek Pagaria in this Key Managerial Personnel (KMP) role, as approved by the Board on the same date. Ms. Nair is a Fellow member of the Institute of Company Secretaries of India and the Insurance Institute of India, with over 20 years of insurance industry experience. She previously held the dual role of Company Secretary and Chief Compliance Officer at New India Assurance until September 2023, after which she served as Chief Operating Officer of the company's UAE operations, making her a well-known internal candidate returning to a familiar role.

Likely market impact

This is a routine internal KMP change with no material impact on operations or shareholders. The new Compliance Officer brings prior experience in the same role and a strong compliance background, which should ensure continuity in regulatory and listing compliance matters.