Meeting Details

The 54th Annual General Meeting will be held on Tuesday, 22nd September 2026, at 11:00 A.M. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The proceedings shall be deemed to be conducted at the registered office of the Corporation at 'Suraksha', 170, J. Tata Road, Churchgate, Mumbai-400020, which will be the deemed venue.

Proposed Resolutions and Implications

Ordinary Business

1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors.

2. To declare a dividend of ₹13.25 per equity share for the financial year 2025-26 as recommended by the Board of Directors.

3. To authorize the Board of Directors to fix the remuneration of the Joint Statutory Auditors appointed by the Comptroller and Auditor General of India for FY 2026-27.

4. To appoint a director in place of Ms. Jayashri Balkrishna (DIN: 11210291), who retires by rotation and offers herself for re-appointment.

Special Business

5. Appointment of Shri Hitesh Rameshchandra Joshi (DIN: 09322218) as Chairman-cum-Managing Director - Ordinary Resolution to approve his appointment from 16th June 2026 until his superannuation on 30th September 2028, or until further orders, in the scale of pay of ₹2,05,400-2,24,400/- (Level 16).

6. Appointment of Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director - Ordinary Resolution to approve his appointment with immediate effect from 19th June 2026 until further orders.

7. Appointment of Shri Hiteshkumar Kismatbhai Bhandari (DIN: 11890575) as Part-time Non-Official Director (Independent Director) - Special Resolution to approve his appointment for three years from 13th August 2026 or until further orders.

Voting Process and Methods

The Corporation is providing facility for remote e-voting through the platform provided by National Securities Depository Limited (NSDL).

  • Remote e-voting period: Commences on Thursday, 17th September 2026 at 09:00 A.M. and ends on Monday, 21st September 2026 at 05:00 P.M.
  • Cut-off date: Tuesday, 15th September 2026 - members holding shares as of this date are entitled to vote
  • Voting rights: Proportional to shares held in the paid-up equity share capital as on cut-off date
  • E-voting during AGM: Members present through VC/OAVM who haven't voted remotely can vote during the meeting
  • No proxy facility: Physical attendance and proxy appointments are dispensed with for this virtual AGM

Key Voting Information

  • The Corporation has appointed Mrs. Ragini Chokshi (FCS 2390) and in her absence Mr. Umashankar Hegde (ACS 22133) from M/s Ragini Chokshi & Co., Company Secretaries as Scrutinizer to scrutinize the e-voting process.
  • The Scrutinizer will count votes cast during the AGM first, then unblock remote e-votes and prepare a consolidated report for the Chairman.
  • Results will be declared within prescribed period and available on www.gicre.in and www.evoting.nsdl.com, and communicated to BSE and NSE.
  • The resolutions will be deemed passed at the Registered Office on the AGM date subject to receipt of requisite votes.

Dividend Information

  • Record date: Friday, 4th September 2026
  • Dividend amount: ₹13.25 per equity share of face value ₹5 each
  • Payment: Within 30 days of declaration to eligible members whose names appear as beneficial owners (demat) or in Register of Members (physical) as of record date
  • Taxation: TDS will be deducted as per Income Tax Act, 2025 provisions
  • Unclaimed dividends: Details provided for dividends transferred or scheduled for transfer to IEPF Authority

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • IRDAI (Corporate Governance for Insurers) Regulations, 2024
  • MCA Circulars permitting virtual AGMs (20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025)
  • SEBI Circulars regarding e-voting and meeting procedures
  • Secretarial Standard-2 on General Meetings

Additional Information

  • The notice and annual report are available at www.gicre.in and www.evoting.nsdl.com
  • Members can inspect relevant documents electronically by emailing cs.gic@gicre.in
  • Detailed instructions provided for remote e-voting and attending AGM through VC/OAVM
  • Institutional members must submit authorization documents to Scrutinizer at mail@csraginichokshi.com
  • Members can pre-register as speakers by emailing gicagm.speakers@gicre.in before 17th September 2026
  • The facility supports 1000 members on first-come-first-served basis, excluding large shareholders, promoters, institutional investors, directors, KMPs, and committee chairpersons