SBI Life Insurance Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
SBILIFE · price
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SBI Life Insurance has called its 25th AGM for Friday, August 29, 2025 at 11:00 AM, to be held through video conferencing. Key agenda items include adopting the FY25 financial statements and confirming the interim dividend declared on February 28, 2025 as the final dividend. Shareholder approval is sought for re-appointing MD & CEO Amit Jhingran for the period October 1, 2025 to January 31, 2027, along with a revision in his remuneration (Basic ₹38.07 lakh, Allowances ₹42.36 lakh, Retiral benefits ₹11.77 lakh, plus up to 35% performance bonus). Other items include fixing statutory auditor remuneration at ₹58 lakh for annual audit, appointing a new secretarial auditor for five years, and amending the SBI Life ESOP 2018 plan. Remote e-voting will run from August 25 to August 28, 2025, with the cut-off date set as August 22, 2025.
This is largely a routine AGM notice. Shareholders should pay attention to the CEO re-appointment and revised pay, the ESOP 2018 amendments, and auditor appointments, as these require their vote. No material surprises are indicated; the stock is unlikely to react sharply to the notice itself.