Canara HSBC Life Insurance Company Limited has made a regulatory disclosure pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the Company, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Sunil Kumar Chugh as an Additional Director in the category of Non-Executive and Non-Independent Director. The approval was granted via a resolution passed by circulation on Saturday, 31st October 2026 at 9:57 AM IST.

Appointment Details:

  • Name: Mr. Sunil Kumar Chugh
  • Position: Additional Director (Non-Executive and Non-Independent Director)
  • Effective Date: 5th November 2026
  • Subject to: Approval of members

Director Profile:

Mr. Sunil Kumar Chugh is a Chartered Accountant and Certified Associate of the Indian Institute of Bankers with over three decades of banking experience. He began his career in 1993 and has served in five public sector banks: Punjab National Bank, Oriental Bank of Commerce, Union Bank of India, Punjab & Sind Bank, and Dena Bank.

His expertise spans diverse functional roles and leadership responsibilities, including:

  • Corporate Credit
  • Retail, Agri & MSME Credit
  • Financial Inclusion
  • Stressed Assets Management
  • Credit Monitoring

He has headed Large Corporate Branches in Mumbai, Kolkata, and Ahmedabad, and has served on the boards of M/s PNB Cards & Services Pvt. Ltd and M/s Swift India Domestic Services Pvt. Ltd. Prior to his current role, he headed the Hyderabad Zone of Punjab National Bank and currently serves as Executive Director of Canara Bank.

Regulatory Compliance:

  • No relationships exist between directors as required by disclosure norms
  • Mr. Chugh is not debarred from holding the office of Director by any order of SEBI or other authorities
  • Disclosure made in accordance with BSE circular ref no. LIST/COMP/14/2018-19 and NSE ref no. NSE/CML/2018/24 dated June 20, 2018

Additional Information:

  • The detailed information is attached as Annexure-A
  • The information will be hosted on the company website: www.canarahsbclife.com