General Insurance Corporation of India (GIC Re) informed exchanges in a BSE filing that the Central Government has appointed Shri Hiteshkumar Kismatbhai Bhandari as a part-time non-official director on the corporation’s board. The disclosure was filed with BSE on August 13, 2026, following a Ministry of Finance letter dated August 12, 2026.

The GIC Re director appointment was made by the Central Government under Article 75 of the Articles of Association of General Insurance Corporation of India. The corporation submitted the information under Regulation 30, read with Schedule III, of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment term and conditions

According to the filing, Bhandari has been appointed for three years from August 12, 2026, the date on which the Ministry of Finance issued its letter. His term may run until further orders if that occurs earlier.

  • Role: Part-time non-official director
  • Appointing authority: Central Government
  • Board: General Insurance Corporation of India
  • Tenure: Three years from the ministry letter’s issuance, or until further orders, whichever is earlier

GIC Re clarified that the details prescribed under the SEBI LODR Regulations, including the director’s date of assumption of office, will be disclosed to the stock exchanges in due course. The filing therefore states the appointment period but does not specify when Bhandari will assume office.

Profile of Hiteshkumar Bhandari

The brief profile enclosed with the filing states that Bhandari holds a Master of Laws degree (LLM). He is a practising advocate at Silvassa District Court and has 26 years of experience in handling civil and criminal matters.

The disclosure was signed by Satheesh Kumar, company secretary and compliance officer of GIC Re. It was addressed to BSE Limited and the National Stock Exchange of India. The corporation’s shares are identified under BSE scrip code 540755 and NSE symbol GICRE.

The filing records the board appointment and its tenure while leaving the assumption-of-office date for a subsequent exchange disclosure.

Source: BSE corporate announcement.