NSEChange in Director(s)19 Jun 2026 · 19 Jun 2026, 08:13 pm

Change in Director(s)

General Insurance Corporation of India · GICRE

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General Insurance Corporation of India (GIC) announced a change in its Board of Directors. The Ministry of Finance has nominated Dr. Debasish Prusty, Additional Secretary, Department of Financial Services, as a Director on the Corporation's Board. This appointment is effective immediately, replacing Shri Tapan Kumar Mondal. For investors, this represents a standard governance update, bringing a senior government official with financial services expertise to the board, which could influence strategic oversight. No direct financial figures or immediate impacts on operations were disclosed.

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General Insurance Corporation of India has informed the Exchange regarding Change in Director(s) of the company.

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GICRE_19062026201306_SEintimationAppointmentofGovtNomineeDirectorsigned.pdf

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Ref. No.: GIC-HO/BOARD/SE-DIR-4/91/2026-27 Date: 19th June 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Ltd. 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra Kurla Complex Mumbai – 400001 Mumbai - 400051 Scrip Code: (BSE – 540755/ NSE – GICRE) Sub: Disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) Dear Sir/Madam, This is to inform you that the Ministry of Finance vide Letter No. 6/2(ii)/2022-BO.I dated 19th June 2026 has conveyed that the Central Government in exercise of its powers, hereby nominates Dr. Debasish Prusty, Additional Secretary, Department of Financial Services as Director on the Board of the Corporation, with immediate effect and until further orders vice Shri Tapan Kumar Mondal. Dr. Debasish Prusty is not related to any of the existing Directors of the Corporation and is not debarred from holding office of Director by virtue of any SEBI Order or any other authority. The Brief Profile of Dr. Debasish Prusty as per SEBI Master Circular no HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January 2026 is annexed as Annexure- I. Kindly take the above on record. Thanking You Yours sincerely For General Insurance Corporation of India (Satheesh Kumar) Company Secretary & Compliance Officer Annexure- I Brief Profile of Dr. Debasish Prusty Dr. Debasish Prusty is a member of the Indian Administrative Service and now serving as the Additional Secretary in the Department of Financial Services in the Union Ministry of Finance in the Government of India. He has more than 26 years of experience in designing and implementing polices in the realm of Public Finance, Sustainable Development, and Development Cooperation and Environmental and Urban Governance. He had contributed to India's initiative for collaboration and partnership with various countries to launch the International Solar Alliance (ISA) platform in the year 2015 when he was the Director in the Climate change division of the Ministry of Environment, Forest and Climate Change in Government of India. In the international negotiations in the conference of parties held under the United Nations Conference on Climate Change (UNFCCC) he had represented India’s negotiating team. He was a member of the standing committee on Finance of the UNFCCC in 2016. He has been conferred the Doctor of Philosophy from the Management Department of the Manipal University Jaipur and the Master of philosophy in Environmental sciences from the Jawaharlal Nehru University, Delhi, India. Dr. Prusty is well trained from the International Monetary Fund (IMF) in the field of Finance for Macro-economists.