General Insurance Corporation of India

General Insurance Corporation of India (GIC Re) has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with GIC Re's "Code of Conduct for Prohibition of Insider Trading – 2025". The trading window will be shut from July 1st, 2026, and will reopen 48 hours after the announcement of the financial results for the quarter ended June 30th, 2026. The specific date for the Board meeting to consider these results will be intimated separately. This action is taken to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

General Insurance Corporation of India (GIC Re) has relaunched the 'Saksham Niveshak' campaign from April 1 to July 9, 2026, in response to a request from the Investor Education and Protection Fund Authority (IEPFA). The campaign aims to encourage shareholders to update their KYC details and claim unpaid or unclaimed dividends before they are transferred to the IEPF. Shareholders are urged to submit necessary forms like ISR-1, ISR-2, and SH-13 to update PAN, nomination, contact information, and bank details. Physical shareholders must complete KYC updates, and dividends will only be credited electronically after information is updated. Forms can be submitted physically to KFin Technologies Limited or via email with digital signatures. Shareholders with already transferred unclaimed dividends/shares can claim them by filing e-form IEPF-5.

General Insurance Corporation of India (GIC) has announced the nomination of Dr. Debasish Prusty as a Director on its Board, effective immediately. Dr. Prusty, an Additional Secretary in the Department of Financial Services, Ministry of Finance, replaces Shri Tapan Kumar Mondal. He is not related to existing directors and is not debarred from holding such a position. Dr. Prusty brings extensive experience in public finance, sustainable development, and international climate negotiations, holding advanced degrees and specialized training from institutions like IMF.

General Insurance Corporation of India (GIC) has filed a disclosure regarding the sale of equity shares by its promoter, the Ministry of Finance, Government of India. The promoter sold 1,35,78,471 equity shares, representing approximately 4.99% of the total holding, on June 16-17, 2026, through an Offer for Sale on NSE and BSE. The transaction, executed on June 18, 2026, resulted in a gross consideration of ₹3,094 crore. This disclosure is made pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.

General Insurance Corporation of India (GIC) announced the completion of an Offer for Sale (OFS) initiated by its promoter, the President of India, acting through the Ministry of Finance. The sale involved 5.00% of the company's total paid-up equity share capital, amounting to 8,77,20,505 equity shares. This transaction was conducted through a separate window on BSE and NSE. The promoter's holding in GIC has reduced from 82.40% to 77.40% post the sale.

General Insurance Corporation of India (GIC Re) has announced a change in its Chief Financial Officer role. Mr. Rajesh Laheri has taken charge as the new CFO and Key Managerial Personnel, effective June 18, 2026. Concurrently, Mr. V. Balkrishna has ceased to be the CFO on the same date but will continue to serve as a General Manager within the Senior Management. Mr. Laheri brings extensive experience from various roles within GIC Re since 1998, including international experience at its London branch. Mr. Balkrishna is retiring voluntarily under the company's VRS scheme.

General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD). The appointment, approved by the Central Government, is effective from June 16, 2026, until his superannuation on September 30, 2028, or until further orders. Shri Joshi, currently an Executive Director at GIC Re, brings extensive experience across various functions including reinsurance, finance, risk management, and international business operations. He is not related to any existing directors and is not debarred from holding office.

General Insurance Corporation of India (GIC) announced an Offer for Sale (OFS) by its promoter, The President of India, acting through the Ministry of Finance. The offer initially proposed to sell up to 35,088,000 equity shares (2% stake). The promoter has now exercised the oversubscription option to sell an additional 52,632,000 equity shares, bringing the total offer size to up to 87,720,000 equity shares, representing 5% of the company's paid-up equity share capital. The sale will occur through the stock exchange mechanism on June 16, 2026 (for non-retail investors) and June 17, 2026 (for retail investors and employees).

General Insurance Corporation of India's promoter, the President of India (Ministry of Finance), plans to sell up to 5% of the company's equity shares through an Offer for Sale (OFS) on June 16-17, 2026. The base offer size is 2.00% (35,088,000 shares), with an option to sell an additional 3.00% (52,632,000 shares). An additional offer of up to 20,000 shares may be made to eligible employees. This OFS is being conducted to meet the minimum public shareholding requirements. The sale will occur through a separate window on BSE and NSE.

Shri Ashwani Kumar (DIN: 10344636) ceased to be a Non-Executive Director on the Board of General Insurance Corporation of India (GIC) effective May 31, 2026. This follows his completion of tenure as MD & CEO of UCO Bank on the same date. Shri Kumar was appointed as Non-Executive Director on the GIC Board for a period of three years, or until his tenure as MD & CEO of UCO Bank, or until further orders, whichever was earliest. The Corporation acknowledged Shri Kumar's contribution and guidance during his tenure.