GIC of India has announced the cessation of Ms Vinita Kumari as an Independent Director on its Board of Directors. The company informed stock exchanges BSE and NSE about this development through an official disclosure dated March 23rd, 2026.

Director Term Completion

The announcement states that Ms Vinita Kumari's term of appointment as an Independent Director of the Corporation has completed on March 23rd, 2026. Following the completion of her tenure, she ceased to be an Independent Director on the Board with effect from the close of business hours on the same date.

Company Acknowledgment

General Insurance Corporation of India has placed on record its appreciation for the valuable contribution and guidance provided by Ms Vinita Kumari during her tenure on the Board of the Corporation. The company expressed gratitude for her service through the official communication to stock exchanges.

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication was signed by Satheesh Kumar, Company Secretary & Compliance Officer, ensuring proper regulatory compliance for the board change announcement.

The announcement represents a routine board transition following the natural completion of an Independent Director's term at the government-owned general insurance company.

GIC of India has announced the withdrawal of a key managerial appointment, informing stock exchanges that Mr. Deepak C. S. will not be joining as the company's Company Secretary and Compliance Officer due to changed circumstances.

Appointment Withdrawal Details

The insurance major disclosed that Mr. Deepak C. S., who holds membership number FCS-5060, has conveyed his inability to join the corporation. This development comes after the Board of Directors had previously approved his appointment as Company Secretary, Compliance Officer and Key Managerial Personnel.

Background and Timeline

The company had initially informed stock exchanges about the Board's approval of Mr. Deepak C. S.'s appointment through disclosure GIC-HO/BOARD/SE-CSAppoint/254/2025-26 dated 12th November 2025. At that time, the company had indicated that the effective date of appointment would be communicated to the stock exchanges in due course.

The appointment was structured to take effect from the date of taking charge as Company Secretary and Compliance Officer of the corporation. However, before assuming the role, Mr. Deepak C. S. informed the company of his inability to proceed with the appointment.

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication was addressed to both BSE Limited and The National Stock Exchange of India Ltd., ensuring compliance with listing requirements.

Current Status

With this withdrawal, General Insurance Corporation of India will need to identify and appoint a new candidate for the crucial positions of Company Secretary and Compliance Officer. The company has requested stock exchanges to take note of this development, maintaining transparency with stakeholders regarding changes in key managerial personnel.