ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 30, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
ICICIGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICICI Lombard held its 25th Annual General Meeting on June 30, 2025 via video conferencing, chaired by Chairperson Rakesh Jha, with 85 members in attendance. All 10 ordinary resolutions were passed with requisite majority, including adoption of FY2025 audited financial statements, confirmation of a ₹5.5 per share interim dividend, and declaration of a ₹7 per share final dividend (total ₹12.5 per share for FY2025). Other approved items include re-appointment of Mr. Rakesh Jha as a director (97.82% in favour), audit remuneration for joint statutory auditors for FY2026, appointment of Parikh & Associates as Secretarial Auditor for 5 years, and revision in remuneration of MD & CEO Sanjeev Mantri. Three material related party transaction resolutions were also passed, with promoter group members recusing from voting and 99.99% of polled votes in favour. The MD & CEO highlighted FY2025 as a year of strong, market-leading performance with growth in Gross Direct Premium Income, profit after tax, an improved combined ratio, and a higher dividend versus the previous year.
Routine AGM compliance with all 10 resolutions passed cleanly; the combined ₹12.5 per share dividend is the key shareholder takeaway, reaffirming the company's strong FY2025 performance. The MD & CEO pay revision and related party transactions with promoter-affiliated entities passed with overwhelming support, signalling limited shareholder dissent.