General Insurance Corporation of India appointed Mrs. Prerana Puthran as Chief Risk Officer (CRO) and Key Managerial Person (KMP), effective October 9, 2026. She succeeds Ms. Jayashri Balkrishna in the role.

The appointment was approved by the Board of Directors during a meeting held on the same date. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the IRDAI (Corporate Governance for Insurers) Regulations, 2024.

Profile and Experience

Mrs. Puthran joined GIC Re in 1992 and has served across various departments over her tenure. She is a commerce graduate and a Fellow of the Insurance Institute of India (FII). Her professional background includes roles in Underwriting, Enterprise Risk Management, Claims Vertical, Corporate Communications, Investor Relations, and Credit Rating.

Prior to this appointment, she served as Deputy General Manager, heading the Enterprise Risk Management Department, CSR, and Investment Mid Back. Her experience encompasses risk governance initiatives, risk assessment exercises, monitoring mechanisms, and reporting requirements within the Corporation.

Additional Board Approvals

The Board also accorded in-principal approval for the temporary relocation of existing office premises to facilitate internal and external repairs and maintenance. Further details regarding the relocation will be intimated in due course.

Key Appointment Details

The Board meeting commenced at 3:00 pm and concluded at 4:30 pm.

General Insurance Corporation of India has appointed M/s S H B A & Co LLP and M/s S A R A & Associates as its joint statutory auditors for the financial year 2026-27. The appointment was noted and the remuneration approved by the Board of Directors via a circular resolution on October 1, 2026.

The move follows advice from the Comptroller and Auditor General of India (C&AG), who advised the appointment vide a letter dated September 8, 2026. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Auditor profiles and tenure

Both firms have been appointed for a tenure covering FY27. The details of the new appointees are outlined below:

Regulatory compliance and governance

The appointment aligns with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which mandates specific disclosures regarding auditor appointments. The Corporation’s Company Secretary and Compliance Officer, Satheesh Kumar, signed off on the intimation to both the BSE and the National Stock Exchange.

What the numbers show

The selection of two distinct firms highlights a dual-auditor structure often employed for large public sector entities to ensure comprehensive coverage across different domains of financial scrutiny. M/s S H B A & Co LLP brings a long-standing history since 1987 with a broad geographic footprint, while M/s S A R A & Associates is classified as a Category-I firm with specialized expertise in complex areas such as international tax and restructuring. This combination suggests a focus on both routine statutory compliance and specialized financial advisory needs within the audit scope.