Notice of 25th AGM and Integrated Annual Report for FY2025
Awaiting price reaction for this filing.
ICICI Lombard General Insurance Company Limited has called its 25th Annual General Meeting on Monday, June 30, 2025 at 3:00 p.m. via Video Conferencing. Shareholders will vote on adopting FY2025 audited financial statements, confirming an interim dividend of ₹5.5 per share, and declaring a final dividend of ₹7.0 per share (total ₹12.5 per share for FY2025). The final dividend record date is June 6, 2025, and payment is expected by July 7, 2025. Other resolutions include re-appointment of Mr. Rakesh Jha as Director (retiring by rotation), approval of ₹32 million audit remuneration for joint statutory auditors for FY2026, and appointment of M/s. Parikh & Associates as Secretarial Auditors for five years. Shareholders will also vote on revising the remuneration of MD & CEO Mr. Sanjeev Mantri (effective April 1, 2025) and approving material related party transactions with ICICI Bank, ICICI Prudential Life Insurance, and ICICI Securities Primary Dealership for FY2027, with limits of up to ₹5,000 crores per party for securities transactions.
Routine AGM business with key takeaways being the strong dividend payout (₹12.5 per share total), CEO remuneration revision including stock options, and continued related party transactions with promoter group entities that require shareholder approval. Stock price impact is generally neutral unless shareholders push back on the CEO remuneration revision or related party transaction limits.