ICICI Lombard Board Approves FY26 Audited Results, Recommends ₹7 Dividend, Appoints New Auditor & Director
ICICI Lombard's Board approved FY26 audited financials and recommended a ₹7 per share final dividend. They appointed B S R & Co. LLP as a joint statutory auditor for four years and Shyam Srinivasan as a Non-executive Independent Director for five years. Stock options were also approved.
The approval of financial results, dividend recommendation, appointment of a new independent director, and auditor are material events for shareholders and stakeholders.
The company reported positive financial results, recommended a dividend, and made key appointments, all indicating good corporate governance and future growth potential.
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, have issued an audit report with an unmodified opinion.
Furthermore, the Board recommended a final dividend of ₹7.00 per equity share (70% of face value) 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.
In a significant move, the Board approved the appointment of M/s. 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 conclusion of the Thirtieth AGM, pending member approval.
Additionally, Mr. Shyam Srinivasan has been 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 distinguished leader with over three decades of experience in the banking and financial services industry.
The Board also 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. on April 15, 2026.
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