Management Change3 Jun 2026, 03:16 pm
Niva Bupa: Independent Director Resigns, New Chairperson Appointed
AI Summary
Niva Bupa Health Insurance Company Ltd announced the resignation of Mr. Milind Gajanan Barve as an Independent Director, effective June 02, 2026, due to health reasons. Consequently, he will also step down as Chairman of the Board. The company also approved the appointment of Mr. Ashwani Bhatia as an Additional Director in the capacity of Non-Executive, Independent Director for a five-year term, effective June 03, 2026, subject to shareholder approval. Mr. Bhatia will also assume the role of Chairperson of the Board, pending IRDAI approval.
Key Highlights
- Independent Director Mr. Milind Gajanan Barve resigns due to health issues.
- Mr. Barve will also cease to be Chairman of the Board.
- Mr. Ashwani Bhatia appointed as Additional Independent Director.
- Mr. Bhatia to become new Chairperson, subject to regulatory approval.
- Appointments are subject to shareholder and regulatory approvals.
Price Impact
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