Management Change3 Jun 2026, 03:20 pm
Niva Bupa Appoints Ashwani Bhatia as Independent Director
AI Summary
Niva Bupa Health Insurance Company Ltd announced the appointment of Mr. Ashwani Bhatia as an Additional Director in the capacity of Non-executive, Independent Director, effective June 03, 2026, for a term of five years, subject to shareholder approval. This appointment follows the resignation of Mr. Milind Gajanan Barve, who stepped down as Independent Director and Chairman of the Board due to health reasons, effective June 02, 2026. Mr. Bhatia will also assume the role of Chairperson of the Board, pending IRDAI approval. The company confirmed Mr. Bhatia is not debarred from directorship.
Key Highlights
- Ashwani Bhatia appointed Non-executive, Independent Director from June 3, 2026.
- Appointment is for a term of five years, subject to shareholder approval.
- Milind Gajanan Barve resigns as Independent Director and Chairman due to health.
- Ashwani Bhatia to also serve as Chairperson, pending regulatory approval.
- Company confirms Bhatia is not debarred from directorship.
Price Impact
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