Final Up to date:
The corporate has appointed Keki M Mistry because the Chairman of the Board.
The corporate additionally introduced that they’ve appointed Keki M Mistry because the Chairman of the Board
HDFC Life Insurance coverage’s chairman Deepak S Parekh stepped down from his function, the corporate mentioned in an alternate submitting on Thursday.
“Deepak S Parekh has determined to step down because the Chairman and NonExecutive Director of the Firm with impact from shut of the enterprise hours on April 18, 2024,” the corporate mentioned.
The corporate additionally mentioned that they’ve appointed Keki M Mistry because the Chairman of the Board. “The board has unanimously authorized the appointment of Keki M Mistry because the Chairman of the Board with quick impact topic to approval of Insurance coverage Regulatory and Growth Authority,” the corporate mentioned.
Mistry has been related to the corporate since December 2000 and is at present appearing as Non-Govt Director.
“With the amalgamation of HDFC Restricted with HDFC Financial institution, Mr Mistry superannuated from HDFC Restricted and has been appointed as a Non-Govt Director on the Board of HDFC Financial institution Restricted. He’s additionally a Director on the Boards of a number of different distinguished firms,” the alternate submitting acknowledged.
The insurer additionally mentioned that VK Viswanathan and Prasad Chandran shall stop to be Unbiased Administrators of the Firm after finishing their two consecutive phrases of 5 years every on April 24, 2024.
Furthermore, the corporate additionally appointed Venkatraman Srinivasan as an Unbiased Director. “The board has authorized the appointment of Mr Venkatraman Srinivasan as an Extra – Unbiased Director
efficient April 18, 2024, for a time period of 5 consecutive years topic to the approval of the shareholders within the ensuing Annual Basic Assembly of the Firm,” it mentioned.
