Aditya Birla Sun Life Insurance, one of the biggest names in the insurance business, has announced the end of the tenure of Alka Bharucha as an independent director of the company.
Alka Bharucha's Tenure Ends
The company announced this through an exchange filing on Monday, March 31.
In the statement, the company added, "Ms. Alka Bharucha (DIN: 00114067) has completed her second consecutive term as an Independent Director of the Company on March 30, 2025, and consequently, she ceased to be Director of the Company with effect from the end of the day of March 30, 2025."
Furthemore, the statement read, "The Company places on record its appreciation for the significant contribution made by Ms. Alka Bharucha during her tenure with the Company."
This comes at the back of Anita Ramachandran's appointment as an Additional Director (Non-Executive Independent) for a five-year term. In another exchange filing, the company made the announcement and said, "we would like to inform that the Board of Directors, based on the recommendation of the Nomination, Remuneration and Compensation Committee, have approved the appointment of Ms. Anita Ramachandran (DIN: 00118188) as an Additional Director (Non-Executive Independent) for a term of five years with effect from March 25, 2025, subject to the approval of shareholders of the Company."
Anita Ramachandran comes with an experience of around 40 years, having made a mark in the Human Resources paradigm.
Aditya Birla Sun Life Shares
When we look at the progress of the company shares, Aditya Birla Sun Life Amc Ltd closed the previous week in the red.
The company shared diminished by 1.25 per cent or Rs 8.05. This dip in value resulted in the overall value of the company shares slipping to Rs 636.05 per piece.
However, when we look at the larger picture, the shares of the company have improved over the past month of trade.
In the past month, Aditya Birla Sun Life shares have risen in value by Rs 20.55 or 3.34 per cent.
