LIC 5th AGM: Rs10 Dividend Recommended, 7 Resolutions Tabled
LICI · price
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LIC held its 5th AGM on July 27, 2026 via video conferencing from 11:00 AM to 1:35 PM. 176 members attended with 23 shareholders raising queries. The Board recommended a final dividend of Rs10 per equity share for FY26. Seven resolutions were tabled for e-voting, including adoption of audited standalone and consolidated financial statements, annual report, appointment of statutory auditors, and appointment of Shri Sanjay Lohiya as Government Nominee Director. The meeting also sought approval for material related party transactions with LIC MF Asset Management. Auditors flagged no qualifications. E-voting results will be declared by July 29, 2026.
Final dividend of Rs10 per share shows steady performance. All seven resolutions are routine with no red flags in audit reports.