Board approves Q4 results, ₹1.65 dividend; senior management changes, auditor rotated

Kmp ResignedManagement Changes View source PDF

ICICIPRULI · price

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Price reaction · full curve 14 horizons · vs prior close

+1.4%1-day move

₹548.50

prior close

₹578.00

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-2.1-2.3-2.1-1.8+1.4+2.5+1.6+0.5-1.5-6.4+2.9-2.6-11.7-4.7

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AI summary

Board approved FY26 audited results: net premium income rose 8.6% to ₹51,336 Cr; profit after tax jumped ~35% to ₹1,600 Cr (EPS ₹11.06 vs ₹8.24). Solvency ratio improved to 227.3%. Final dividend of ₹1.65/share recommended. Joint auditor Walker Chandiok retires after 10-year tenure; Chaturvedi & Co LLP appointed for 4 years. Granted 3.4M ESOPs at ₹547 and 0.5M stock units at ₹10. Two senior managers—Amit Palta (Chief Products & Distribution Officer, effective Jun 1) and Rajiv Adhikari (Head Corp Comms, effective May 31)—resigned. Amish Banker appointed Chief Distribution Officer.

Likely market impact

Strong earnings and higher dividend are positive; senior management exits may cause short-term transition concerns but internal appointment suggests continuity.