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

SBI Life Insurance Company Limited

Meeting Details

The 26th Annual General Meeting was held on Friday, August 14, 2026, from 02:30 P.M. to 04:06 P.M. (IST) through Video Conference (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted remotely without physical attendance.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed for shareholder approval:

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 as at March 31, 2026, together with reports of the Board of Directors, Statutory Auditors, and comments of the Comptroller and Auditor General of India (C&AG).

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.

3. Resolution 3: Fixation of remuneration of the Statutory Auditors to be appointed by C&AG for financial year 2026-27 pursuant to Section 139(5) of the Companies Act, 2013.

4. Resolution 4: Revision in the remuneration of Mr. Amit Jhingran (DIN: 10255903), Managing Director & Chief Executive Officer of the Company.

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Available from Monday, August 10, 2026, at 09:00 A.M. (IST) until Thursday, August 13, 2026, at 05:00 P.M. (IST) through KFin Technologies Limited's platform.
  • E-voting during AGM: Available for members attending through VC/OAVM who did not cast votes through remote e-voting.

The cut-off date for determining shareholder eligibility to vote was Friday, August 7, 2026. The company had 356,240 shareholders on the record date.

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 100,32,61,050
  • Total votes cast: 92,20,38,617 shares (91.9042% participation)
  • Total shareholders who voted: 1,687 (1,662 through remote e-voting + 25 during AGM)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 92,20,38,617 shares (91.9042%)
  • Votes in favor: 92,20,37,397 shares (99.9999%)
  • Votes against: 1,220 shares (0.0001%)
  • Invalid/abstained: 0 shares

Resolution 2: Final Dividend Declaration

  • Total votes cast: 92,22,02,319 shares (91.9205%)
  • Votes in favor: 92,22,00,431 shares (99.9998%)
  • Votes against: 1,888 shares (0.0002%)
  • Invalid/abstained: 0 shares

Resolution 3: Auditor Remuneration

  • Total votes cast: 92,21,71,141 shares (91.9174%)
  • Votes in favor: 92,21,69,876 shares (99.9999%)
  • Votes against: 1,265 shares (0.0001%)
  • Invalid/abstained: 0 shares

Resolution 4: MD & CEO Remuneration Revision

  • Total votes cast: 92,21,52,482 shares (91.9155%)
  • Votes in favor: 91,85,38,771 shares (99.6081%)
  • Votes against: 36,13,711 shares (0.3919%)
  • Invalid/abstained: 0 shares

Category-wise Voting Breakdown

Promoter and Promoter Group (55,50,00,000 shares)

  • 100% participation across all resolutions
  • 100% votes in favor for all resolutions

Public Institutions (40,85,89,491 shares)

  • Approximately 89.8% participation across resolutions
  • 100% votes in favor for resolutions 1, 2, and 3
  • 99.0159% votes in favor for resolution 4 (MD & CEO remuneration)

Public Non-Institutions (3,96,71,559 shares)

  • Approximately 0.31% participation across resolutions
  • Over 97% votes in favor for all resolutions

Scrutinizer's Role and Findings

M/s. Mehta & Mehta, Company Secretaries, with Alifya Sapatwala (ACS No: 24091) as the scrutinizer, was appointed to scrutinize the remote e-voting and electronic voting process. The scrutinizer confirmed:

  • Proper notice was sent to members on July 23, 2026
  • Voting was conducted through KFin Technologies Limited's platform
  • Votes were unblocked in the presence of two independent witnesses (Mr. Shreyash Sawant and Mr. Pranay Rane)
  • All resolutions were passed by requisite majority
  • The process complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014

Compliance Confirmation

The company confirmed compliance with applicable laws and regulations including:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA Circulars and SEBI circulars/notifications
  • Secretarial Standards on General Meetings (SS-2)