The New India Assurance Company Limited has announced the cessation of Ms. Kasturi Sengupta as Executive Director from the Board, effective March 31, 2026. The company informed the stock exchanges about this significant board change under regulatory compliance requirements.

Executive Leadership Transition

Ms. Kasturi Sengupta's tenure as Executive Director concluded at the close of office hours on March 31, 2026, following her superannuation on the same date. The cessation marks the end of her executive role on the company's Board of Directors.

Regulatory Compliance

The company has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this board change. The notification was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information.

Company Information

The New India Assurance Company Limited, a Government of India undertaking, operates from its registered and head office at New India Assurance Building, 87, Mahatma Gandhi Road, Fort, Mumbai - 400 001. The company is listed on both BSE (Scrip Code: 540769) and NSE (Symbol: NIACL) and holds CIN No. L66000MH1919GOI000526.

The notification was signed by Company Secretary Abhishek Pagaria on March 31, 2026, ensuring proper documentation and compliance with regulatory requirements for board changes.

The new india assurance company Limited has announced a significant administrative change with the appointment of Alankit Assignment Ltd as its new Registrar and Share Transfer Agent (RTA), replacing the incumbent MUFG Intime India Pvt Ltd. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Change in Registrar and Share Transfer Agent

The transition comes as MUFG Intime India Pvt Ltd completes its tenure as the company's RTA. The outgoing firm had been serving The New India Assurance Company Limited from FY 2022-23 to FY 2025-26, with their appointment scheduled to end on 31st March, 2026.

Appointment Process and Timeline

The selection of Alankit Assignment Ltd was conducted through a competitive Request for Proposal (RFP) process. The company has indicated that the effective date of the RTA change will be communicated to the stock exchanges in due course, as various formalities are currently underway.

The transition process encompasses several critical components:

• Documentation and agreement execution
• Shifting of electronic connectivity systems
• Complete data migration and transition
• Signing of tripartite agreement as per SEBI regulations

Regulatory Compliance

Once the data migration is completed, The New India Assurance Company Limited will execute the required tripartite agreement in accordance with Regulation 7 of SEBI (LODR), 2015. This agreement will subsequently be presented to the Board of Directors and submitted to the stock exchanges for regulatory compliance.

Corporate Communication

The announcement was signed by Abhishek Pagaria, Company Secretary, and communicated to both BSE Limited and The National Stock Exchange of India Ltd on 30th March, 2026. The company has requested the stock exchanges to take note of this administrative change for their records.