GIC of India has announced the withdrawal of a key managerial appointment, informing stock exchanges that Mr. Deepak C. S. will not be joining as the company's Company Secretary and Compliance Officer due to changed circumstances.

Appointment Withdrawal Details

The insurance major disclosed that Mr. Deepak C. S., who holds membership number FCS-5060, has conveyed his inability to join the corporation. This development comes after the Board of Directors had previously approved his appointment as Company Secretary, Compliance Officer and Key Managerial Personnel.

Background and Timeline

The company had initially informed stock exchanges about the Board's approval of Mr. Deepak C. S.'s appointment through disclosure GIC-HO/BOARD/SE-CSAppoint/254/2025-26 dated 12th November 2025. At that time, the company had indicated that the effective date of appointment would be communicated to the stock exchanges in due course.

The appointment was structured to take effect from the date of taking charge as Company Secretary and Compliance Officer of the corporation. However, before assuming the role, Mr. Deepak C. S. informed the company of his inability to proceed with the appointment.

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication was addressed to both BSE Limited and The National Stock Exchange of India Ltd., ensuring compliance with listing requirements.

Current Status

With this withdrawal, General Insurance Corporation of India will need to identify and appoint a new candidate for the crucial positions of Company Secretary and Compliance Officer. The company has requested stock exchanges to take note of this development, maintaining transparency with stakeholders regarding changes in key managerial personnel.

GIC of India has announced a virtual conference call with analysts and investors, scheduled for February 27, 2026 at 5:00 PM IST. The announcement was made through a regulatory filing dated February 24, 2026, in compliance with SEBI disclosure requirements.

Conference Call Details

The virtual group call will facilitate interaction between analysts, investors, and the senior management of the corporation. The company has organized this session to maintain transparency and regular communication with the investment community.

Regulatory Compliance

The conference call has been scheduled in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulatory framework mandates listed companies to disclose material events and information that could impact investor decisions.

General Insurance Corporation of India has specifically noted that no unpublished price sensitive information is intended to be discussed during the call, ensuring compliance with insider trading regulations and maintaining market integrity.

Company Information

The announcement was signed by Satheesh Kumar, Company Secretary and Compliance Officer of General Insurance Corporation of India. As a Government of India company, GIC operates under CIN number L67200MH1972GOI016133 and holds IRDA registration number 112, reflecting its established position in the Indian insurance sector.