The New India Assurance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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The New India Assurance Company Limited (NIACL), a Government of India undertaking, held its 106th Annual General Meeting on September 24, 2025, via video conferencing. All 8 resolutions were passed with the requisite majority. Key items included: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025 (98.87% in favour), declaration of a final dividend of Rs. 1.80 per equity share for FY 2024-25 (99.97% in favour), reappointment of Ms. Smita Srivastava as Executive Director, and appointment of new directors — Mr. Nidhu Saxena as Non-Executive Director, Ms. Kasturi Sengupta as Executive Director, and Ms. Shwetha Rao B as Nominee Director. A secretarial auditor was also appointed for a 5-year term (FY2025-26 to FY2029-30). The meeting was chaired by CMD Ms. Girija Subramanian and attended by 60 members. Total votes polled were approximately 1.59 billion out of 1.648 billion shares, with the promoter (Government of India, holding ~85.4%) voting 100% in favour of all resolutions.
Shareholders have approved a final dividend of Rs. 1.80 per share for FY25, which is positive for income-focused investors. All governance-related resolutions passed with overwhelming support, indicating smooth functioning. The appointment of multiple new directors signals a board refreshment. No contentious issues emerged, and the high voting turnout (~97% of equity) shows strong shareholder engagement.