SBI Life Insurance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
SBILIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Life Insurance held its 25th AGM on August 29, 2025, via video conference from 11:00 AM to 12:21 PM, attended by 90 members. The meeting was chaired by Non-Executive Chairman Mr. Challa Sreenivasulu Setty. Seven resolutions were passed, including adoption of FY25 financial statements, confirmation of the interim dividend declared on February 28, 2025 as the final dividend, appointment of the secretarial auditor, revision in remuneration and re-appointment of MD & CEO Mr. Amit Jhingran, and amendments to the SBI Life ESOP 2018. The MD & CEO highlighted strong performance in FY24-25, growth in individual new business premium, new product launches in the non-linked segment, and progress in digital capabilities. The Chairman noted there were no qualifications or adverse comments in the auditor's reports.
All resolutions were approved with the required majority, confirming shareholder support for management continuity, the dividend, and the ESOP amendments. The clean audit report and re-appointment of the CEO are positive signals for stability, while the ESOP changes could have a long-term effect on employee shareholding structure.