Please find enclosed Notice of the Twenty-Sixth (26th) Annual General Meeting and Integrated Annual Report of ICICI Lombard General Insurance Company Limited for FY2026
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ICICI Lombard General Insurance Company Limited has convened its 26th AGM on June 19, 2026 at 3:00 PM IST via video conferencing. The meeting covers adoption of FY2026 audited financial statements, confirmation of an interim dividend of Rs 6.5 per share already paid, and declaration of a final dividend of Rs 7.0 per share (70% of face value) for FY2026 — bringing total FY2026 dividend to Rs 13.5 per share, payable by July 3, 2026 to shareholders on record May 29, 2026. Special business includes appointment of Mr. Shyam Srinivasan as Independent Director for 5 years, revision in MD & CEO Sanjeev Mantri's remuneration (total annual compensation approximately Rs 6.51 crore including salary, allowances, perquisites, retirals, up to 70% performance bonus, and 1,24,070 stock options), and material related party transactions with ICICI Bank Limited and ICICI Securities Primary Dealership Limited — each capped at Rs 12,772 crores for FY2028 covering securities dealings and operational transactions. B S R & Co. LLP is being appointed as a new Joint Statutory Auditor alongside Walker Chandiok & Co. LLP, with combined audit remuneration of Rs 32.6 million for FY2027.
Shareholders should expect approval of the higher total dividend (Rs 13.5/share vs previous year) and continued significant related party transactions with the ICICI group. The revised CEO remuneration package and new auditor appointment are routine governance items with minimal impact on stock sentiment.