Managing Director Dinesh Pant ceases office on voluntary retirement approved by Government

Shri Dinesh Pant has ceased to be Managing Director and Key Managerial Personnel with effect from September 24, 2026, after the Government of India approved his voluntary retirement.

Fri 25 Sep 2026

Cessation Date

September 24, 2026

Reason

Voluntary retirement approved by Government of India

Role Vacated

Managing Director and Key Managerial Personnel

Committee Positions Vacated

Chairperson of IT Strategy Committee, member of Executive Committee and Investment Committee

What happened

The Government of India, through a notification dated September 24, 2026, approved the voluntary retirement of Shri Dinesh Pant, Managing Director and Key Managerial Personnel of the Corporation, effective from the date of that notification.

He has been relieved from the services of the Corporation and ceased to be Managing Director and KMP with effect from September 24, 2026, after close of the day.

Committee roles vacated

• Chairperson of the Information Technology Strategy Committee
• Member of the Executive Committee
• Member of the Investment Committee

Context

This update is a continuation of an earlier intimation dated June 16, 2026, relating to the same matter.

What it means for investors

The change is a senior management transition at a government-owned insurer, effected through a Government notification rather than a disciplinary or adverse action. Voluntary retirement of a Managing Director is a routine leadership change disclosed under the listing rules, and investors typically watch for how the vacated responsibilities and committee roles are reassigned.

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