Nature of the Event

The Twenty-Sixth Annual General Meeting (AGM) of ICICI Lombard General Insurance Company Limited was held on Friday, June 19, 2026 at 3:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013, SEBI Listing Regulations, and applicable circulars.

Meeting Details

The registered office of the Company at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi, Mumbai - 400 025 was deemed the venue for the AGM. Mr. Rakesh Jha, Chairperson and Non-executive, Non-independent Director, chaired the meeting.

Attendance

The meeting was attended by 84 Members (including authorized representatives) through VC/OAVM. The following Directors attended:

  • Mr. Rakesh Jha (Chairperson) - from ICICI Lombard Office in Mumbai
  • Mr. Sanjeev Mantri (Managing Director & CEO) - from ICICI Lombard Office in Mumbai
  • Mr. Ved Prakash Chaturvedi (Non-executive, Independent Director) - from residence in Mumbai
  • Mr. Antony Jacob (Non-executive, Independent Director) - from residence in Gurgaon
  • Mr. Rajive Kumar (Non-executive, Independent Director) - from residence in Noida
  • Ms. Preeti Reddy (Non-executive, Independent Director) - from residence in Delhi
  • Mr. Murali Sivaraman (Non-executive, Independent Director) - from residence in Mumbai
  • Mr. Shyam Srinivasan (Additional, Non-executive, Independent Director) - from Office in Chennai
  • Mr. Sandeep Batra (Non-executive, Non-independent Director) - from ICICI Bank office in Mumbai

Other attendees included Mr. Gopal Balachandran (CFO), Mr. Vikas Mehra (Company Secretary), key management personnel, joint statutory auditors, and the scrutinizer.

Proceedings

The Chairperson welcomed members and expressed gratitude to retiring directors Mr. Suresh Kumar and Mr. Ved Prakash Chaturvedi. An AI-generated audio-visual presentation highlighted ICICI Lombard's 25-year legacy, FY2026 financial metrics, market leadership, marketing campaigns, and CSR initiatives.

Registered speaker shareholders raised queries on financial performance, CSR initiatives, AI and technology usage, and operational matters. Mr. Sanjeev Mantri, MD & CEO, responded to these queries and shared the company's financial performance for FY2026, highlighting growth in premium and profitability, strong solvency, and consistent long-term performance.

Voting Process

Remote e-Voting was conducted by NSDL from June 16, 2026 (9:00 a.m.) to June 18, 2026 (5:00 p.m.). e-Voting during the AGM was available for 30 minutes after the meeting concluded. Dholakia & Associates LLP was appointed as Scrutinizer for the e-Voting process.

Resolutions Passed

All 10 resolutions were passed with requisite majority:

Ordinary Business:

1. Adoption of audited financial statements for FY2026 - 99.96% in favor

2. Confirmation of interim dividend of ₹6.5 per share (65% of face value) - 99.99% in favor

3. Declaration of final dividend of ₹7.0 per share (70% of face value) - 99.99% in favor

4. Re-appointment of Mr. Sandeep Batra (DIN:03620913) as director - 92.88% in favor

5. Appointment of B S R & Co. LLP as Joint Statutory Auditors for 4 years - 99.99% in favor

6. Approval of audit remuneration for FY2027 - 99.98% in favor

Special Business:

7. Appointment of Mr. Shyam Srinivasan (DIN:02274773) as Non-executive, Independent Director (Special Resolution) - 99.06% in favor

8. Revision in remuneration of Mr. Sanjeev Mantri (DIN:07192264), MD & CEO - 99.39% in favor

9. Material Related Party Transactions with ICICI Bank Limited - 99.99% in favor (excluding related parties)

10. Material Related Party Transactions with ICICI Securities Primary Dealership Limited - 99.99% in favor (excluding related parties)

Voting Statistics

  • Total shareholders on record date: 236,314
  • Shareholders present in meeting: 84 (1 promoter, 83 public)
  • Total shares outstanding: 499,107,658
  • Highest dissent: Resolution 4 (re-appointment of Mr. Sandeep Batra) with 7.12% against
  • Lowest dissent: Resolution 10 with 0.0003% against

Additional Information

The Joint Statutory Auditors Report and Secretarial Audit Report for FY2026 contained no qualifications, observations, or adverse remarks. The meeting concluded at 5:14 p.m. (IST) on June 19, 2026.

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