The New India Assurance Company Ltd

The New India Assurance Company Ltd has announced the appointment of three Key Managerial Personnel (KMPs) effective October 1, 2026. Ms. Anjali Mirchandani has been appointed as the Chief Risk Officer, bringing extensive experience in operational and administrative functions. Ms. Rema Devi V. will serve as the Chief Underwriting Officer, leveraging over 34 years in the insurance industry across diverse roles. Ms. Uma Iyer has been appointed as the Chief Marketing Officer, with expertise in various insurance domains and digital marketing. These appointments are intended to strengthen the company's leadership in critical areas.

The New India Assurance Company Ltd has announced the appointment of Ms. Lavanya R Mundayur as its Chairman cum Managing Director (CMD). The appointment, approved by the Ministry of Finance, is effective from September 30, 2026, and will continue until her superannuation on May 31, 2029, or until further orders. Ms. Mundayur previously served as the CMD of Agriculture Insurance Company of India Ltd and has extensive experience in the insurance sector. She also has a notable career at New India Assurance, including leading its GCC operations as the first female CEO. Mr. S Sivasankar ceases to hold the additional charge of CMD.

The New India Assurance Company Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This restriction will be in effect from October 1, 2026, until 48 hours after the announcement of the financial results for the quarter and half-year ending September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and circulars issued by BSE Limited and the National Stock Exchange of India Limited, aimed at preventing insider trading and ensuring fair disclosure of price-sensitive information.

The New India Assurance Company Ltd announced that the Ministry of Finance has assigned additional charge of Chairman-cum-Managing Director (CMD) to Mr. S Sivasankar, Executive Director. This appointment is effective from August 1, 2026, for an initial period of 3 months or until a regular CMD is appointed. Mr. Sivasankar, a Fellow of the Insurance Institute of India with 33 years of experience in the insurance sector, joined the company's board as an Executive Director on February 20, 2026. He is not related to any other director on the board and is not debarred from holding the office of director by any authority.

The New India Assurance Company Ltd has informed the stock exchanges about the appointment of M/s S Ramanand Aiyar & Co and M/s Chokshi & Chokshi LLP as its Statutory Auditors for the Financial Year 2026-27. This appointment was made by the Comptroller & Auditor General of India (CAG). The filing provides brief profiles of both audit firms, highlighting their establishment dates, experience, and service offerings. M/s S Ramanand Aiyar & Co, established in 1950, has a Pan India presence. M/s Chokshi & Chokshi LLP, established in 1976, has its head office in Mumbai with branches in Ahmedabad, Delhi, and Pune, offering a range of services including audits for diversified sectors like banks, mutual funds, insurance, and listed companies.

The New India Assurance Company Ltd. announced its intention to divest 1,05,00,000 equity shares of the National Stock Exchange of India Ltd. (NSEIL) through an Offer for Sale (OFS) as part of NSEIL's Initial Public Offering (IPO). This divestment represents approximately 29.83% of the company's current holding in NSEIL. The transaction is subject to regulatory approvals. The shares have been transferred to an escrow account on September 8, 2026, with the sale expected to be completed by the end of September 2026. The company received a total dividend of Rs. 123,20,00,000 from NSEIL in FY 2025-26. The transaction is not considered a related party transaction and is outside any scheme of arrangement.

The New India Assurance Company Ltd has received an income tax refund of ₹78,39,07,565 for Assessment Year 2022-23. This refund includes an interest component of ₹59,63,26,611. The company has informed the stock exchanges as per SEBI (LODR) Regulations, 2015. This significant refund is expected to positively impact the company's financial position.

The New India Assurance Company Ltd has responded to a query regarding volume movement in its scrip. The company stated that all disclosures required under SEBI LODR Regulations 2015 and its Corporate Governance Policies have been disseminated promptly. They confirmed that they are not aware of any impending or existing information that could impact the price or volume behavior of their shares. The company requested the exchanges to take this clarification on record.

The New India Assurance Company Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as per SEBI regulations. The report includes an independent assurance statement on BRSR Core indicators. The assurance engagement was undertaken based on an engagement letter dated April 09, 2026. The scope covered BRSR Core indicators and reporting under respective questions. The assurance provider reviewed additional sections for material inconsistencies and found none. The report is intended to assist the company in reporting its sustainability performance.

The New India Assurance Company Ltd announced that its Board of Directors, in a meeting held on July 24, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. The company has submitted these results along with the Auditors' Limited Review Report and a press release. The meeting was conducted in Mumbai via a hybrid mode. The results are prepared in accordance with Accounting Standard 25 and relevant insurance regulations. A qualified conclusion was noted regarding certain balances pending reconciliation and confirmation.