Meeting Details
- Date: Friday, August 14, 2026
- Time: 02:30 P.M. to 04:06 P.M. (IST)
- Location: Conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM)
- Type: 26th Annual General Meeting
Attendance
- Chairperson: Mr. Challa Sreenivasulu Setty, Chairman and Non-Executive Director
- Directors Present: 7 directors including Mr. Narayan K. Seshadri, Mr. Shobinder Duggal, Dr. Tejendra M. Bhasin, Ms. Usha Sangwan, Mr. Venugopal Bhaskaran Nayar, and Mr. Amit Jhingran (Managing Director & CEO)
- Other Attendees: Senior management including Mr. Ramesh Venkateshamurthy (Deputy CEO), Mr. Sangramjit Sarangi (President & CFO), Mr. Prithesh Chaubey (President & Appointed Actuary), Mr. Girish Manik (Company Secretary)
- Auditors: Representatives from M/s. K.S. Aiyar & Co., M/s. J. Singh & Associates (Joint Statutory Auditors), M/s. Aashish Bhatt & Associates (Secretarial Auditor)
- Scrutinizer: Ms. Alifya Sapatwala, Partner of M/s. Mehta & Mehta, Practicing Company Secretaries
- Members: 81 members attended through electronic means
Resolutions Considered
Ordinary Business
1. Resolution 1: To receive, consider and adopt the Revenue Account, Profit and Loss Account, Receipts and Payments Account (Cash Flow Statement) for the financial year ended March 31, 2026 and the Balance Sheet of the Company as at March 31, 2026, together with the reports of the Board of Directors, report of the Statutory Auditors and comments of the Comptroller and Auditor General of India (C&AG) - Type: Ordinary
2. Resolution 2: To confirm the interim dividend declared by the Company on February 25, 2026 as final dividend for the year ended March 31, 2026 - Type: Ordinary
3. Resolution 3: To consider fixation of remuneration of the Statutory Auditors of the Company, to be appointed by the Comptroller and Auditor General of India (C&AG) for the financial year 2026-27 pursuant to Section 139(5) of the Companies Act, 2013 - Type: Ordinary
Special Business
4. Resolution 4: To consider the revision in the remuneration of Mr. Amit Jhingran (DIN: 10255903), Managing Director & Chief Executive Officer of the Company - Type: Ordinary
Voting Process
- Remote e-voting period: Monday, August 10, 2026 to Thursday, August 13, 2026
- E-voting at AGM: Facility provided during the meeting for members who had not voted remotely
- Scrutinizer: M/s. Mehta & Mehta, Company Secretaries appointed to supervise the e-voting process
- Voting duration: E-voting module kept open for 30 minutes during the AGM
Voting Outcomes
- All four resolutions were passed with requisite majority
- Detailed voting results pursuant to Regulation 44(3) of SEBI LODR Regulations and Scrutinizer's Report pursuant to Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014 will be submitted in due course
- Results to be informed to Stock Exchanges and placed on company website within 2 working days from conclusion of meeting
Business Updates Presented
- Company reported continued strong performance across key financial and non-financial metrics during FY 2025-26
- Progress documented in Company's 8th Integrated Annual Report and 4th ESG and BRSR Report
- Achieved growth in Individual New Business Premium
- Launched new products specifically in non-linked product segment
- Enhanced digital capabilities leading to improved operational efficiency and customer experience
- Noted low life insurance penetration in India as growth opportunity
Compliance and Regulatory Aspects
- Meeting conducted in compliance with Companies Act, 2013, Secretarial Standards, SEBI Listing Regulations
- Complied with general circulars issued by Ministry of Corporate Affairs and SEBI circulars
- No qualifications, observations or adverse comments in Auditor's Report or Secretarial Auditor's Report for FY ended March 31, 2026
- Documents and registers referred to in AGM notice available for inspection in electronic mode