ICICI Lombard General Insurance Company Limited — Board Meeting, 10-12-2024: Outcome of Board Meeting

The Board of Directors has approved the re-appointment of Mr. Murali Sivaraman as a Non-executive, Independent Director for a second term of five years, effective January 17, 2025, subject to shareholder approval. Additionally, Ms. Vasundhara Bhonsle, Chief-Customer Support and Operations, has resigned and will continue until January 20, 2025, ensuring a transition period. These changes indicate a focus on governance and leadership continuity, which could impact investor confidence positively. The Company will seek approval from its Members via Postal Ballot for Mr. Sivaraman's re-appointment.