The New India Assurance Company Limited has announced key leadership appointments, naming two senior executives to critical management positions effective April 02, 2026. The appointments were disclosed under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Management Personnel Appointments

The company has appointed two experienced professionals to strengthen its leadership team in risk management and underwriting operations.

Chief Risk Officer - Ms. Mary Abraham

Ms. Mary Abraham brings extensive experience to her new role as Chief Risk Officer. Her professional background includes:

• Experience: More than 35 years in the insurance industry
• Current Position: General Manager at the company
• Educational Qualifications: MBA degree in Finance and Fellow of Insurance Institute of India
• Professional Expertise: Handled diverse roles across various lines of business

Chief Underwriting Officer - Mr. S. Dinakaran

Mr. S. Dinakaran has been appointed to lead the company's underwriting operations. His credentials include:

• Experience: More than 34 years in the insurance industry
• Current Position: General Manager at the company
• Educational Qualifications: B.E.(Mechanical), Diploma in Industrial Engineering, and Fellow of Insurance Institute of India
• Professional Background: Extensive experience across various lines of business

Strategic Leadership Enhancement

Both appointments represent internal promotions, with the company elevating existing General Managers to key management positions. The appointments reflect the organization's strategy of leveraging internal talent with deep industry knowledge and company-specific expertise. The combined experience of over 69 years in the insurance sector between the two appointees strengthens the company's leadership capabilities in critical operational areas.

The appointments were communicated to both BSE Limited and The National Stock Exchange of India Ltd., with the company requesting the exchanges to take the information on record as part of regulatory compliance requirements.

The new india assurance company Limited has secured a significant legal victory with the National Faceless Appeal Centre (NFAC), Delhi deleting a substantial penalty imposed for Assessment Year 2019-20. The favourable order provides considerable financial relief to the government-owned insurance company.

Order Details and Financial Impact

The company received the favourable order on 31st March, 2026 at 19:02 hrs, which resulted in the deletion of a penalty amounting to Rs. 2,02,96,664. This order was issued under section 250 of the Income Tax Act, 1961, with reference number ITBA/NFAC/S/250/2025-26/1088196819(1).

Regulatory Compliance and Disclosure

The New India Assurance Company Limited has disclosed this development in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure was made to both BSE Limited and The National Stock Exchange of India Limited, ensuring transparency with stakeholders and the investing public.

The company secretary, Abhishek Pagaria, signed the disclosure document on 1st April, 2026, fulfilling the regulatory requirements under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations.

Company Background

The New India Assurance Company Limited operates as a government of India undertaking with its registered and head office located at New India Assurance Building, 87, M.G. Road, Fort, Mumbai - 400 001. The company is incorporated under CIN No. L66000MH1919GOI000526 and maintains its corporate website at www.newindia.co.in .

This favourable order represents a positive development for the insurance company, eliminating a significant financial liability and strengthening its financial position for the current fiscal year.