Star Health and Allied Insurance Company Limited — Others, 23-11-2024: Resignation

Mr. Kapil Punwani has resigned as Chief Risk Officer of Star Health and Allied Insurance Company, effective immediately, with Mr. Amit Nagdev stepping into the role of Deputy Chief Risk Officer following his departure. The board accepted Punwani's resignation due to personal reasons. This transition may lead to changes in the risk management framework and could impact strategic decisions moving forward. Investors might view this leadership change as a potential risk, but it also offers a chance for fresh perspectives within the company's risk assessment strategies.