SBI Life Insurance President Durgadas G superannuates on May 31
SBI Life Insurance disclosed that Mr. Durgadas G, President – Operations & IT, will superannuate on May 31, 2026. The intimation was made to the NSE and BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Company Secretary Girish Manik, provided the required details per the SEBI Master Circular dated January 30, 2026.
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SBI Life Insurance has announced the superannuation of Mr. Durgadas G, President – Operations & IT, effective May 31, 2026. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Durgadas G was part of the Senior Management of the company. The reason for the change is cited as superannuation from his position. The company confirmed that the event details were provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The filing was signed by Girish Manik, Company Secretary, on May 30, 2026. The information was provided to the exchanges for necessary record-keeping and dissemination.
Details of Senior Management Change
| Sr. No. | Details of events | Information |
|---|---|---|
| 1 | Name of the Senior Management | Mr. Durgadas G |
| 2 | Reason for change | Superannuating from position as President – Operations & IT |
| 3 | Date of cessation | May 31, 2026 |
| 4 | Brief profile | Not Applicable |
| 5 | Disclosure of relationships | Not Applicable |
Historical Stock Returns for SBI Life Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | -3.11% | -0.20% | -7.81% | -0.68% | +85.77% |
Who will be appointed as the successor to oversee Operations & IT, and what is the timeline for the announcement?
How will this leadership transition impact SBI Life's ongoing digital transformation initiatives?
What is the company's strategy to ensure operational continuity during the handover period?
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