Go Digit General Insurance Limited announced that Mr. Rajendra Beri has resigned as the Independent Director of the Company with effect from end of day on 30 June 2024. Detailed reason for resignation as given by the independent director: Pursuant to the provisions of clause 2.4 Master Circular on Corporate Governance for Insurers, 2024 (Ref. IRDAI/F&I/CIR/MISC/82/5/2024) dated 22nd May 2024 the maximum age limit for Non-Executive Directors of the Board, is capped at 75 years and after attaining the age of 75 years, no person shall continue on the Board of an insurer.

Provided that in cases where the Non-Executive Director has already attained the age of 75 years as on the date of issue of the circular, such insurers shall appoint new incumbent in place of such Non-Executive Director by 30th June, 2024. Mr. Rajendra Beri has attained age of 75 years on 11th October 2020. The Company had made representation to Insurance Regulatory and Development Authority of India requesting the Authority to allow continuation of his present term of directorship as approved by the Shareholders.

However, IRDAI vide email dated 20th June 2024 has not acceded to the request of the Company. Therefore, Mr. Rajendra Beri has tendered his resignation from the directorship of the Company.