General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director. This appointment, made by the Central Government under Article 75 of the company’s Articles of Association, is effective for a period of three years from August 12, 2026. Shri Bhandari brings extensive legal experience, having practiced law for 26 years.
Board Appointment Announcement
General Insurance Corporation of India (GIC Re) has formally notified the stock exchanges regarding a significant change in its board composition. The Ministry of Finance, vide a letter dated August 12, 2026, has appointed Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director to the Corporation’s Board. This appointment underscores the Central Government’s role in the governance of the state-owned entity.
Director’s Tenure and Profile
Shri Hiteshkumar Kismatbhai Bhandari’s tenure as Director is set for a period of three years, commencing from the issuance date of the appointment letter, which is August 12, 2026. This term may be extended or altered based on further directives. Shri Bhandari holds a Masters of Law (LLM) degree and is a practicing advocate with 26 years of experience in handling both civil and criminal matters at the Silvassa District Court.
Disclosure and Next Steps
The company has committed to providing further details, including the exact date of assumption of office by the newly appointed Director, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures will be made to the stock exchanges in due course.
Source: BSE
