ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 30, 2025
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ICICI Lombard has notified the stock exchanges about its 25th Annual General Meeting (AGM) to be held on Monday, June 30, 2025 at 3:00 p.m. (IST) via video conferencing. The record date for the final dividend is Friday, June 6, 2025, with remote e-voting open from June 27 to June 29, 2025. Shareholders will vote on key items including adoption of FY25 audited financial statements, confirmation of an interim dividend of ₹5.5 per share, declaration of a final dividend of ₹7.0 per share (total ₹12.5 per share), re-appointment of director Rakesh Jha, audit remuneration of ₹32 million for joint statutory auditors, appointment of Parikh & Associates as secretarial auditors for 5 years, revision in MD & CEO Sanjeev Mantri's remuneration, and approval of material related party transactions with promoter group entities (ICICI Bank, ICICI Prudential Life Insurance, ICICI Securities Primary Dealership). The final dividend, if approved, will be paid on or before July 7, 2025.
Routine AGM notice; the total dividend of ₹12.5 per share (125% of face value) is a positive for shareholders, while the CEO remuneration hike and large related party transaction limits (up to ₹5,000 crore with each promoter group entity) are items that shareholders may want to evaluate before voting.