GIC Appoints Shri Hiteshkumar Bhandari as Part-time Non-Official Director
General Insurance Corporation of India appointed Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director. The appointment is for three years from 12th August 2026. Shri Bhandari is a practicing advocate with 26 years of experience.
The appointment of a part-time non-official director is a standard governance procedure and is unlikely to have a significant immediate impact on the company's operations or financial performance.
The appointment of a new director is a routine corporate governance event and does not inherently carry positive or negative financial implications.
General Insurance Corporation of India (GIC) has announced the appointment of Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director on its Board. The Ministry of Finance conveyed this appointment via a letter dated 12th August 2026, exercising powers under Article 75 of the Corporation's Articles of Association.
Shri Bhandari's tenure will be for a period of three years from the date of issuance of the letter (12.08.2026), or until further orders, whichever is earlier. Details regarding his assumption of office will be disclosed to the stock exchanges in due course.
Shri Hiteshkumar Kismatbhai Bhandari holds a Masters of Law (LLM) degree and is a practicing advocate at the Silvassa District Court with 26 years of experience in civil and criminal matters.
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General Insurance Corporation of India filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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