Meeting Details

The 26th AGM of HDFC Life Insurance Company Limited was held on July 16, 2026, from 2:00 PM to 4:18 PM IST through Video-Conferencing/Other Audio-Visual Means. The meeting was chaired by Mr. Keki M. Mistry, Non-Executive Chairman. 111 members attended the meeting, including through authorized representatives.

Resolutions Passed

All nine resolutions set out in the AGM notice were passed by members with requisite majority:

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, including revenue account, profit and loss account, receipts and payments account, and balance sheet, together with reports of directors and auditors.

2. Declaration of dividend of ₹2.10 per equity share for the financial year ended March 31, 2026.

3. Re-appointment of Mr. Kaizad Bharucha (DIN: 02490648) as Director who retired by rotation.

4. Appointment of KKC & Associates LLP, Chartered Accountants as one of the Joint Statutory Auditors.

5. Payment of remuneration to Joint Statutory Auditors.

6. Re-appointment of Mr. Niraj Shah (DIN: 09516010) as Executive Director & Chief Financial Officer and fixation of his remuneration.

7. Re-appointment of Ms. Vibha Padalkar (DIN: 01682810) as Managing Director & Chief Executive Officer and fixation of her remuneration.

8. Revision in remuneration of Mr. Vineet Arora (DIN: 07948010), Executive Director & Chief Business Officer.

9. Approval of related party transactions with HDFC Bank Limited, Promoter of the Company.

Auditor Reports

The Joint Statutory Auditors' Report (BSR & Co. LLP and G.M. Kapadia & Co., Chartered Accountants) and Secretarial Audit Report (Mehta & Mehta, Practicing Company Secretaries) for FY26 contained no qualifications, reservations, adverse remarks, or disclaimers.

Voting Process

E-voting was conducted through the National Securities Depository Limited (NSDL) platform, with facility for both remote e-voting and e-voting during the AGM. The voting results along with consolidated Scrutiniser's Report (M/s. Makarand M. Joshi & Co, Practicing Company Secretaries) will be submitted to stock exchanges within two working days from conclusion of AGM.

Management Commentary

Mr. Keki M. Mistry delivered a chairman's address highlighting key developments in the Indian economy, significant regulatory changes impacting the industry, and the Company's major achievements and performance during FY 2025-26. Ms. Vibha Padalkar, MD & CEO, responded to shareholder queries in detail.