LICIBSELIFE INSURA CORP OF INDIALowNeutral
Announced Mon, 27 Jul · 20:13 IST

LIC 5th AGM: All 7 resolutions passed; Rs 10 dividend declared

Board & Shareholder Meetings View source PDF

LICI · price

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AI summary

LIC held its 5th AGM on July 27, 2026. All 7 resolutions passed with requisite majority. Key items: adoption of FY26 audited financial statements (standalone and consolidated), final dividend of Rs 10 per share for FY26, appointment of Sanjay Lohiya as Government Nominee Director (99.6% favor, but 30% dissent from public institutions), and material related party transactions with LIC MF Asset Management. About 21.63 lakh members were eligible to vote.

Likely market impact

Final dividend of Rs 10 per share confirmed; Sanjay Lohiya appointed as Govt Nominee Director despite some institutional dissent.