EBIX Ltd Appoints 3 New Independent Directors, Reconstitutes Board Committees
EBIX Ltd announced changes in its Board of Directors, appointing three new Non-Executive Independent Directors: Dr. Praveen Kumar Gupta, Dr. Satvir Singh Deswal, and Dr. Viney Kapoor Mehra, effective October 06, 2026. This appointment follows the cessation of three existing Independent Directors: Ms. Ila Gupta, Mr. Anil Kumar, and Mr. Devender Kumar Garg. The changes were made in compliance with SEBI LODR Regulations and the Companies Act, 2013, considering NCLT directions and governance principles. Additionally, Mr. Ravi Kumar Gupta has been nominated as Director and Chairman of Ebix Inc., replacing Mr. Devender Kumar Garg, as per the Stockholders Agreement. The company also approved the consequential reconstitution of its various Board Committees.
Key Highlights
- Three new Non-Executive Independent Directors appointed.
- Three existing Independent Directors have ceased their roles.
- Board committees have been reconstituted following director changes.
- A new Director and Chairman appointed for Ebix Inc.
- Appointments are subject to member approval via Special Resolution.
Price Impact
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