Nature of change: Appointment of new Chief Investment Officer and re-designation of existing CIO.
Vikas Jain (DIN not provided) ceased his role as Chief Investment Officer and was re-designated as Chief Transformation Officer of the company, effective September 16, 2026. He had held the CIO position since October 2020 and has been associated with the company since September 2015. He was identified as Senior Management Personnel.
Karan Bhatia was appointed as Chief Investment Officer and consequently identified as a Senior Management Personnel of the company, effective September 16, 2026. He joined the company's Treasury and Investments Team in December 2015 as Fund Manager and brings over 18 years of experience in the investment domain. He holds a Post Graduation in Finance from Kirloskar Institute of Management. His responsibilities include overseeing the investment portfolio, generating superior risk-adjusted returns, ensuring protection of capital, maintaining adequate liquidity of the portfolio, and ensuring regulatory compliance.
Previous experience: Prior to joining Niva Bupa, Mr. Bhatia worked with Canara HSBC Life Insurance, Axis Maxlife Insurance, Future Generali Life Insurance, and Pipal Research & Analytics.
Relationships: The disclosure states "Not Applicable" for relationships between directors for both individuals.
Eligibility: The disclosure confirms compliance with SEBI Listing Regulations through Regulation 30 read with Part A of Schedule III, and references the SEBI Master Circular dated January 30, 2026.
Any Other Material Information
Regulatory compliance: The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reference number: NIVABUPA/EQ/2026-27/39
Company official: Aparna Sharma, Company Secretary and Compliance Officer, signed the disclosure digitally on September 16, 2026 at 17:09:23 +05'30'.
Website availability: The information will be made available on the company's website at www.nivabupa.com.
