ICICI Lombard Approves FY26 Audited Results, Recommends ₹7 Dividend, Appoints New Auditor & Director
ICICI Lombard's Board approved audited FY26 results and recommended a ₹7 per share final dividend. They appointed B S R & Co. LLP as joint statutory auditors for four years and Mr. Shyam Srinivasan as an independent director for five years. Up to 1.7 million stock options and 1.05 million stock units were also approved.
The appointment of a new independent director with a strong background and the recommendation of a dividend are significant corporate actions that can impact investor sentiment and the company's strategic direction.
The announcement details the approval of audited financial results, recommendation of a dividend, appointment of a new independent director with extensive experience, and the grant of employee stock options, all of which are generally viewed positively by the market.
ICICI Lombard General Insurance Company Limited announced the outcome of its Board Meeting held on April 15, 2026. The Board approved the Audited Financial Statements for the financial year ended March 31, 2026, and the Audited Financial Results for the quarter and financial year ended March 31, 2026. The company's joint statutory auditors, PKF Sridhar & Santhanam LLP and Walker Chandiok & Co. LLP, issued an audit report with an unmodified opinion.
The Board recommended a final dividend of ₹7 per equity share (70% of face value ₹10) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid after approval at the AGM.
Furthermore, the Board approved the appointment of B S R & Co. LLP as one of the Joint Statutory Auditors for a term of four consecutive years, starting from the conclusion of the Twenty-Sixth AGM until the Thirtieth AGM, pending member approval. PKF Sridhar & Santhanam LLP will complete their second term at the conclusion of the upcoming AGM.
In a significant move, Mr. Shyam Srinivasan was appointed as an Additional Director in the category of 'Non-executive, Independent Director' for a term of five consecutive years, effective from April 15, 2026, to April 14, 2031, subject to member approval. Mr. Srinivasan is a seasoned leader with over three decades of experience in the banking and financial services industry.
Additionally, the Board approved the grant of up to 1.7 million stock options under the ICICI Lombard-Employees Stock Options Scheme-2005 and up to 1.05 million stock units under the ICICI Lombard-Employees Stock Unit Scheme-2023. The Board Meeting commenced at 3:35 p.m. and concluded at 6:30 p.m.
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ICICI Lombard General Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under annual results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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