GIC India Announces 54th AGM on Sept 22, 2026; Dividend of ₹13.25/share Proposed
General Insurance Corporation of India will hold its 54th AGM on September 22, 2026, via Video Conference. A dividend of ₹13.25 per equity share for FY2025-26 is proposed. Key appointments include Shri Hitesh Rameshchandra Joshi as CMD, Dr. Debasish Prusty as Government Nominee Director, and Shri Hiteshkumar Kismatbhai Bhandari as Independent Director. Remote e-voting is open from Sept 17-21, 2026.
The announcement pertains to a routine AGM notice, including the proposed dividend and board appointments. These are standard corporate governance procedures and are unlikely to have a significant short-term impact on the company's stock price.
The announcement is a routine corporate event (AGM notice) with standard business items like financial statement adoption and dividend declaration. While the dividend declaration is positive, the overall nature of the announcement is informational rather than market-moving.
General Insurance Corporation of India (GICRE) has announced its 54th Annual General Meeting (AGM) to be held on Tuesday, 22nd September 2026, at 11:00 a.m. IST, through Video Conference/Other Audio Visual Means. The meeting will be held to transact various businesses, including the adoption of the Audited Financial Statements (Standalone & Consolidated) for the financial year ended 31st March 2026. A dividend of ₹13.25 per equity share for the financial year 2025-26 has been recommended by the Board of Directors, subject to approval at the AGM. The company also proposes to authorize the Board to fix the remuneration of the Joint Statutory Auditors for the financial year 2026-27.
Furthermore, the agenda includes the appointment of Ms. Jayashri Balkrishna, who retires by rotation, and the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD) with effect from 16th June 2026. Additionally, Dr. Debasish Prusty has been appointed as Government Nominee Director, and Shri Hiteshkumar Kismatbhai Bhandari as Part-time Non-Official Director (Independent Director) for a period of three years from 13th August 2026.
The Annual Report and the Notice of the 54th AGM have been hosted on the company's website (www.gicre.in) and the e-voting agency's website (www.evoting.nsdl.com). The record date for the proposed dividend is Friday, 4th September 2026. The remote e-voting facility will commence on Thursday, 17th September 2026, at 09:00 a.m. IST and conclude on Monday, 21st September 2026, at 05:00 p.m. IST.
A plain-language summary of a public exchange filing by General Insurance Corporation of India. Read the original for the full detail.