GIC Re 54th AGM held on Sep 22, 2026; declares ₹13.25 dividend/share
General Insurance Corporation of India held its 54th AGM on Sep 22, 2026. The company declared a dividend of ₹13.25 per equity share for FY 2025-26. Key appointments included Shri Hitesh Joshi as CMD, Dr. Debasish Prusty as Government Nominee Director, and Shri Hiteshkumar Bhandari as Independent Director.
The declaration of a dividend and key board appointments are material events for shareholders, impacting their investment decisions and the company's governance structure.
The announcement details the successful conclusion of the AGM and the declaration of a dividend, which are generally viewed positively by shareholders.
General Insurance Corporation of India (GIC Re) held its 54th Annual General Meeting (AGM) on Tuesday, September 22, 2026, commencing at 11:00 a.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting covered the financial year 2025-26 and included the transaction of several important businesses.
The AGM proceedings were chaired by Mr. Hitesh Joshi, Chairman and Managing Director. The audited financial statements (Standalone & Consolidated) for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors, were received and considered. A significant outcome was the declaration of a dividend of ₹13.25 per equity share for the financial year 2025-26, as recommended by the Board of Directors.
Further, the Board of Directors was authorized to fix the remuneration of the Joint Statutory Auditors for the financial year 2026-27. The meeting also saw the appointment of Ms. Jayashri Balkrishna as a director, who retired by rotation and offered herself for re-appointment. Special businesses transacted included the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), Dr. Debasish Prusty as Government Nominee Director, and Shri Hiteshkumar Kismatbhai Bhandari as Part-time Non-Official Director (Independent Director).
The Company Secretary provided information on regulatory provisions and the notice of AGM was taken as read. The Statutory Auditors' Report and the Secretarial Audit Report for the financial year ended March 31, 2026, were also taken as read, along with the management's responses and comments from the Comptroller and Auditor General of India (C&AG). The meeting concluded at 12:47 p.m. IST.
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General Insurance Corporation of India filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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