Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

General Insurance Corporation of India

Meeting Details

The 54th AGM was held on 22nd September 2026 from 11:00 AM to 12:47 PM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The record date was 15th September 2026 with 227,725 shareholders on record.

Voting Process and Methods

Voting was conducted through remote e-voting and e-voting during the AGM. The remote e-voting period was from 09:00 AM on 17th September 2026 to 05:00 PM on 21st September 2026 through National Securities Depository Limited (NSDL). 78 public shareholders attended the meeting through video conferencing.

Resolution Details and Voting Outcomes

Resolution 1: Ordinary Business - Adoption of Financial Statements
  • Description: To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) for the financial year ended 31st March 2026 and reports of Board of Directors and Auditors
  • Result: Passed with 98.7575% in favor
  • Total votes cast: 1,69,43,27,990 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor (13,57,84,711 shares)
  • Public Institutions: 93.5393% in favor, 6.4607% against
  • Public Non-Institutions: 99.8634% in favor, 0.1366% against
Resolution 2: Ordinary Business - Dividend Declaration
  • Description: To declare dividend of Rs. 13.25 per equity share for FY 2025-26
  • Result: Passed with 99.8867% in favor
  • Total votes cast: 1,69,43,27,990 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 99.4141% in favor, 0.5859% against
  • Public Non-Institutions: 99.8945% in favor, 0.1055% against
Resolution 3: Ordinary Business - Auditor Remuneration Authorization
  • Description: To authorize Board to fix remuneration of Joint Statutory Auditors appointed by C&AG for FY 2026-27
  • Result: Passed with 99.9994% in favor
  • Total votes cast: 1,69,43,27,899 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 100% in favor
  • Public Non-Institutions: 99.8988% in favor, 0.1012% against
Resolution 4: Ordinary Business - Director Re-appointment
  • Description: To re-appoint Ms. Jayashri Balkrishna (DIN: 11210291) who retires by rotation
  • Result: Passed with 97.5903% in favor
  • Total votes cast: 1,69,43,27,890 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 87.4664% in favor, 12.5336% against
  • Public Non-Institutions: 99.8354% in favor, 0.1646% against
Resolution 5: Special Business - CMD Appointment
  • Description: Appointment of Shri Hitesh Rameshchandra Joshi (DIN: 09322218) as Chairman-cum-Managing Director
  • Result: Passed with 99.6163% in favor
  • Total votes cast: 1,69,43,27,890 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 98.009% in favor, 1.991% against
  • Public Non-Institutions: 99.8368% in favor, 0.1632% against
Resolution 6: Special Business - Government Nominee Director
  • Description: Appointment of Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director
  • Result: Passed with 96.4666% in favor
  • Total votes cast: 1,69,43,27,660 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 81.6205% in favor, 18.3795% against
  • Public Non-Institutions: 99.8% in favor, 0.2% against
Resolution 7: Special Business - Independent Director Appointment
  • Description: Appointment of Shri Hiteshkumar Kismatbhai Bhandari (DIN: 11890575) as Part-time Non-Official Director (Independent)
  • Result: Passed with 99.6593% in favor
  • Total votes cast: 1,69,43,27,140 (96.5759% of outstanding shares)
  • Promoter votes: 100% in favor
  • Public Institutions: 98.2336% in favor, 1.7664% against
  • Public Non-Institutions: 99.8084% in favor, 0.1916% against

Scrutinizer's Role and Findings

Ms. Ragini Chokshi of M/s. Ragini Chokshi & Company (Membership No.: 2390) was appointed as Scrutinizer on 26th May 2026. She submitted her report on 24th September 2026, confirming that all resolutions were passed with requisite majority. The voting process was conducted fairly and transparently through NSDL's e-voting system.

Compliance Confirmation

The Corporation confirmed compliance with Section 108 of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, SEBI LODR Regulations, 2015, and relevant MCA and SEBI circulars regarding e-voting and virtual meetings.