ICICI Lombard Board Approves FY26 Results, Recommends ₹7 Dividend, Appoints New Auditor & Director
ICICI Lombard's Board approved FY26 audited financial results. A final dividend of ₹7 per share is recommended, subject to AGM approval. B S R & Co. LLP appointed as Joint Statutory Auditor for four years. Shyam Srinivasan appointed as Non-executive, Independent Director for five years. Up to 1.7 million stock options and 1.05 million stock units granted.
The appointment of a new auditor and an independent director, along with the dividend recommendation, are significant corporate actions that can impact investor sentiment and corporate governance.
The announcement includes a positive recommendation for a final dividend, the appointment of a new auditor and director which indicates normal corporate governance, and the approval of financial results.
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 and results for the financial year ended March 31, 2026, and for the quarter ended March 31, 2026. The joint statutory auditors, PKF Sridhar & Santhanam LLP and Walker Chandiok & Co. LLP, issued an unmodified audit report.
The Board recommended a final dividend of ₹7 per equity share (70% of face value) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The dividend will be paid after approval at the AGM.
Additionally, 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 conclusion of the Thirtieth AGM, subject to member approval. PKF Sridhar & Santhanam LLP will complete their second term at the upcoming AGM.
Mr. Shyam Srinivasan has been approved as an Additional Director in the category of 'Non-executive, Independent Director' for a term of five years, effective from April 15, 2026, to April 14, 2031, pending member approval. He is not debarred from holding such an office.
The Board also approved the grant of up to 1.7 million stock options under the Employees Stock Options Scheme-2005 and up to 1.05 million stock units under the Employees Stock Unit Scheme-2023. The grant of stock options to the Whole-time Director is subject to member and IRDAI approval. 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 medium impact: worth reading, rarely worth acting on by itself.
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