Management Change6 Oct 2026, 03:59 pm
Ebix Ltd Appoints 3 New Independent Directors, Reconstitutes Committees
AI Summary
Ebix Ltd announced changes in its Board of Directors, with the cessation of three Independent Directors: Ms. Ila Gupta, Mr. Anil Kumar, and Mr. Devender Kumar Garg. Concurrently, the company appointed Dr. Praveen Kumar Gupta, Dr. Satvir Singh Deswal, and Dr. Viney Kapoor Mehra as Additional Directors in the Non-Executive Independent category, effective October 06, 2026. These appointments are subject to shareholder approval. The company also reconstituted its various committees, including Audit, Nomination and Remuneration, and ESG committees. Additionally, Mr. Ravi Kumar Gupta was nominated as Director and Chairman of Ebix Inc., replacing Mr. Devender Kumar Garg, as per the Stockholders Agreement.
Key Highlights
- Three Independent Directors have resigned from Ebix Ltd's Board.
- Three new Non-Executive Independent Directors have been appointed.
- Board committees have been reconstituted following the director changes.
- Mr. Ravi Kumar Gupta nominated as Director and Chairman of Ebix Inc.
Price Impact
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