Key Development
The Ministry of Finance, Government of India, via Letter No. 6/2(iii)/2022-BO.I dated 10th September 2026 (received by the company on 15th September 2026), has appointed Shri Divesh Sehara as Director (Government Nominee) on the Board of GIC Re. This appointment is made by the Central Government exercising its powers under Article 75(ii) of the Articles of Association of the Corporation.
Appointment Details
- Appointee: Shri Divesh Sehara, Joint Secretary, Department of Financial Services, Ministry of Finance
- Effective Date: Immediate effect (from 15th September 2026)
- Term: Until further orders
- Replaces: Shri Manoj Muttathil Ayyappan
Director Profile
Shri Divesh Sehara is an Indian Administrative Service (IAS) Officer of the 2005 Batch belonging to the Bihar Cadre. He is currently serving as Joint Secretary in the Government of India, Ministry of Finance, Department of Financial Services.
Compliance Statements
- The new director is not related to any of the existing Directors of the Corporation.
- He is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority.
Filing Details
- Reference No.: GIC-HO/BOARD/SE-DIR-7/209/2026-27
- Date of Filing: 15th September 2026
- Regulatory Reference: SEBI LODR Regulations, Regulation 30 read with Schedule III