Board gives in-principal approval for temporary office relocation; approves new Chief Risk Officer

Board gives in-principal approval to temporarily relocate office premises for internal & external repairs and maintenance.

Fri 9 Oct 2026

Chief Risk Officer appointed

Mrs. Prerana Puthran (DGM), in place of Ms. Jayashri Balkrishna (ED), w.e.f. 9th October 2026

Board meeting date

9th October 2026

Office relocation approval

in-principal approval for temporary relocation of existing office premises for internal & external repairs and maintenance

What the Board approved

The Board of Directors met on 9th October 2026 and took up two items, both disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Temporary relocation of office premises

• The Board has accorded its in-principal approval for temporary relocation of the Corporation's existing office premises.
• The stated purpose is to facilitate internal and external repairs and maintenance of the office premises.
• Further details in this regard will be intimated in due course.

Appointment of Chief Risk Officer

• The Board considered and approved the appointment of Mrs. Prerana Puthran, Deputy General Manager, as Chief Risk Officer (Key Managerial Person).
• She comes in place of Ms. Jayashri Balkrishna, Executive Director.
• The change is effective 9th October 2026. A brief profile of Mrs. Puthran is attached to the disclosure.

Who is Mrs. Prerana Puthran

• Joined GIC Re in the year 1992 and has been associated across various profiles during her tenure.
• A commerce graduate and a Fellow of the Insurance Institute of India (FIII).
• Has handled Underwriting, Enterprise Risk Management, Claims Vertical, Corporate Communications, Investor Relations and Credit Rating.
• Presently holding the post of Deputy General Manager and heading the Enterprise Risk Management Department, CSR and Investment Mid Back.
• Has been actively involved in risk governance initiatives, risk assessment exercises, monitoring mechanisms and reporting requirements of the Corporation.

Board meeting timing

The meeting commenced at 3:00 p.m. (IST) and concluded at 4:30 p.m. (IST).

How to read this

• The relocation approval is an in-principle approval and is described as temporary, tied to repairs and maintenance of the office premises.
• The Chief Risk Officer is a Key Managerial Person, so this is a senior-level appointment; the profile sets out experience in risk management within the Corporation.
• Both items are administrative and governance-related, and further details on the relocation will be intimated in due course.

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