Meeting Details
- Meeting Date & Time: Tuesday, September 22, 2026, at 11:00 AM IST
- Meeting Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Meeting Concluded: 12:47 PM IST (including time allowed for voting at AGM)
- Chairperson: Mr. Hitesh Joshi, Chairman and Managing Director
Attendance
- Board Members Present: Chairman of Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee
- Other Attendees: Senior Management, Key Managerial Personnel, Nominee of President of India, representatives of Joint Statutory Auditors, Secretarial Auditor, and Scrutinizer
- Quorum: Requisite quorum was present
Reports and Documents
- Audited Financial Statements (Standalone & Consolidated) for financial year ended 31st March 2026 were presented
- Reports of Board of Directors and Auditors were presented
- Statutory Auditors' Report contained no qualifications on annual financial statements
- Secretarial Audit Report for FY ended 31st March 2026 contained no qualifications
- Observations of Secretarial Auditor and management response were read
- Comments of Comptroller and Auditor General of India (C&AG) on financial statements and management response were read
- Statutory Registers and relevant documents were available in electronic form for inspection during meeting
Business Transacted
Ordinary Business
1. Ordinary Resolution: To receive, consider and adopt Audited Financial Statements (Standalone & Consolidated) for FY ended 31st March 2026 and reports of Board of Directors and Auditors
3. Ordinary Resolution: To authorize Board of Directors to fix remuneration of Joint Statutory Auditors appointed by C&AG for financial year 2026-27
4. Ordinary Resolution: To appoint director in place of Ms. Jayashri Balkrishna (DIN: 11210291) who retires by rotation and offers herself for re-appointment
Special Business
5. Ordinary Resolution: Appointment of Shri Hitesh Rameshchandra Joshi (DIN: 09322218) as Chairman-cum-Managing Director (CMD)
6. Ordinary Resolution: Appointment of Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director
7. Special Resolution: Appointment of Shri Hiteshkumar Kismatbhai Bhandari (DIN: 11890575) as Part-time Non-Official Director (Independent Director)
Proceedings
- Chairman delivered speech covering performance highlights, reinsurance landscape, sustainability and responsible growth, and future outlook
- Members registered as speakers raised queries on Corporation's performance, shareholder returns, future outlook, prospects, and CSR activities
- Chairman noted suggestions and replied to queries
- Company Secretary was authorized to receive Scrutinizer's Report and declare results on resolutions
- E-voting facility was available up to 15 minutes after conclusion of meeting for members who had not cast votes through remote e-voting