General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Divesh Sehara as a Director (Government Nominee) on its Board. The appointment, effective immediately, was conveyed by the Ministry of Finance. Shri Sehara, a Joint Secretary in the Department of Financial Services, replaces Shri Manoj Muttathil Ayyappan. He is an Indian Administrative Service Officer and is not related to any existing directors.
Board Appointment at GIC Re
General Insurance Corporation of India (GIC Re) has formally announced a significant change in its board composition. The Ministry of Finance, through a letter dated 10th September 2026, has conveyed the appointment of Shri Divesh Sehara as a Director (Government Nominee) on the Board of GIC Re. This appointment is effective immediately and will continue until further orders.
Director Profile and Background
Shri Divesh Sehara holds the position of Joint Secretary within the Department of Financial Services. He is an Indian Administrative Service (IAS) Officer from the 2005 Batch, belonging to the Bihar Cadre. His appointment is a replacement for the outgoing director, Shri Manoj Muttathil Ayyappan. The company has confirmed that Shri Sehara is not related to any of the existing Directors of GIC Re and is not debarred from holding such an office by any SEBI Order or other authority.
Disclosure Compliance
This disclosure is made by GIC Re in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the stock exchanges to take this information on record.
Source: BSE
