ICICI Lombard General Insurance Company Limited announces the cessation of Mr. Ved Prakash Chaturvedi as Non-executive, Independent Director, effective July 12, 2026. This follows the completion of his second five-year term, which began on July 13, 2021. The company’s Board expressed gratitude for his significant contributions during his tenure.
Director’s Term Concludes
ICICI Lombard General Insurance Company Limited has formally announced the cessation of Mr. Ved Prakash Chaturvedi from his role as a Non-executive, Independent Director. This development is effective from the end of the day on July 12, 2026.
Details of Cessation
The announcement follows a previous communication dated April 10, 2021, which detailed the re-appointment of Mr. Chaturvedi for a second consecutive term of five years. This term commenced on July 13, 2021, and concludes on July 12, 2026. Consequently, Mr. Chaturvedi will no longer serve as an Independent Director of the Company after this date.
Board Appreciation
The Board of Directors of ICICI Lombard has formally acknowledged and recorded their profound appreciation for the valuable and substantial contributions made by Mr. Ved Prakash Chaturvedi throughout his tenure as a Non-executive, Independent Director. His insights and guidance have been instrumental during his service.
Disclosure Annexure
In line with regulatory requirements, a detailed annexure providing specific information regarding this change in directorship has been enclosed. This information is presented as per the guidelines stipulated under relevant regulations concerning corporate disclosures and governance practices.
Source: BSE
