General Insurance Corporation of India retained Satheesh Kumar as Company Secretary, Compliance Officer and Key Managerial Personnel after Sanjeeb Mishra declined the appointment due to personal reasons. The Board of Directors noted this development during its meeting held on August 13, 2026.

The Corporation had previously informed the stock exchanges on May 15, 2026, that the Board had approved the appointment of Mr. Sanjeeb Mishra to replace Mr. Satheesh Kumar. The effective date for Mr. Mishra taking charge was to be intimated in due course.

During the Board meeting, which commenced at 9:30 am and ended at 1:25 pm, the directors were informed that Mr. Mishra conveyed his inability to join the Corporation. Consequently, Mr. Satheesh Kumar continues in his current roles without interruption.

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

General Insurance Corporation of India has accepted the resignation of V. Balkrishna from the position of General Manager, effective from the close of business hours on July 17, 2026. The departure follows Balkrishna's decision to avail retirement under the corporation's Voluntary Retirement Scheme. This change reduces the senior management strength of the state-owned reinsurer.

The disclosure was filed with BSE Limited and The National Stock Exchange of India Ltd. in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification confirmed that Balkrishna has ceased to be part of the Senior Management of the Corporation.

Satheesh Kumar, Company Secretary & Compliance Officer, signed the disclosure on behalf of General Insurance Corporation of India. The filing was submitted to the exchanges on July 17, 2026, to formally record the change in key managerial personnel.

Key Details of the Change