General Insurance Corporation of India

Dematerialisation status

• No requests were received for dematerialisation or rematerialisation during the quarter.
• No reports were required to be furnished to stock exchanges due to the absence of requests.

General Insurance Corporation of India: Trading Window closed from 1 October 2026 and will reopen from expiry of forty-eight hours after the announcement of the financial results for the period ended 30th September 2026.

AGM Details

• Held on 22 September 2026 at 11:00 AM.
• Mode: Video Conferencing / OAVM.

Voting & Scrutiny

• Remote e-voting and AGM e-voting conducted.
• All resolutions passed by requisite majority.

Scrutinizer Report

• Scrutinizer's report by Ragini Chokshi & Company enclosed.

AGM Details

• 54th AGM held on 22 September 2026 at 11:00 a.m. via VC/OAVM.
• Quorum met; meeting chaired by the Chairman and Managing Director.

Key Resolutions

• Ordinary: Receive, consider and adopt Audited Financial Statements for year ended 31 March 2026 (standalone and consolidated).
• Ordinary: Dividend of ₹13.25 per equity share for 2025-26.
• Ordinary: Board to fix remuneration of Joint Statutory Auditors appointed by C&AG for 2026-27.
• Ordinary: Re-appointment of Jayashri Balkrishna on retirement by rotation.
• Special: Appointment of Hitesh Joshi as Chairman-cum-Managing Director.
• Special: Appointment of Dr. Debasish Prusty as Government Nominee Director.
• Special: Appointment of Hiteshkumar Kismatbhai Bhandari as Independent Director.

Voting & Results

• Results to be declared after Scrutinizer’s report; e-voting remains open 15 minutes post-meeting.

Meeting Details

• Sept 18, 2026, 9:00 A.M. onwards: JP Morgan India — One-to-One, Physical.
• Sept 18, 2026: SBI Pension Fund — One-to-One, Physical.
• Sept 18, 2026: Tata Mutual Fund — One-to-One, Physical.
• Sept 18, 2026 from 11:00 A.M.: ICICI Prudential Mutual Fund — One-to-One, Physical.
• Sept 21, 2026, 10:00 A.M. onwards: Bandhan Mutual Fund — One-to-One, Physical.
• Purpose: Senior management will participate for investor/analyst discussions.

Director Appointment

• Appointment of Shri Divesh Sehara as Director, Government Nominee, effective immediately till further orders, replacing Manoj Muttathil Ayyappan.
• Profile: IAS officer (2005 batch), Bihar cadre; currently Joint Secretary, Department of Financial Services, MoF.
• Relationship: Not related to any existing Directors.
• Not debarred by SEBI or any authority.

Overview

• Standalone BRSR for FY2025-26; core business is life/non-life reinsurance.
• Reporting boundary: standalone; year ended 31 March 2026.
• Reasonable assurance on BRSR Core provided by Ragini Chokshi & Co.

Key ESG Risks & Opportunities

• Enterprise risk governance strengthened by SAP RM & PC risk management.
• Opportunity in sustainable investing; focus on green bonds and renewables.
• Data privacy and cybersecurity risk mitigated by Information Security Policy and ISRMC oversight.
• Talent attraction/retention and ESG integration offer profitability potential.
• CSR and community initiatives create social value; specific financial implications not disclosed.

Governance & Policy Highlights

• Board oversight includes ESG Steering Committee and Risk Management Committee.
• Policies cover anti-bribery, whistleblower, human rights, code of conduct, ESG, CSR, and RPT.
• Penalty by NSE/BSE for independent-director shortfall; waiver requested.
• External assurance: Ragini Chokshi & Co. verifies BRSR Core.
• Management responsible for ESG reporting; risks and mitigations reviewed by Board committees.

Social Responsibility & Workforce

• Total employees 503; 418 permanent, 85 non-permanent; 63.8% male, 36.2% female.
• Women on Board 20%; senior management 27% female.
• LTIFR 0; no fatalities; health and safety programs in place.
• Training hours 15,256; 100% BoD training on governance and compliance.
• CSR initiatives span education, healthcare, disability empowerment, environment, and rural development.

Environmental Performance

• Total energy use 3501.58 GJ; 0 renewable energy; all non-renewable consumption.
• Scope 1: 12.27 tCO2e; Scope 2: 740.08 tCO2e; intensity 0.002 tCO2e/million turnover.
• Water withdrawal 5140 KL; water intensity 0.01 GJ/turnover; PPP-adjusted 0.24.
• Waste generated 0 in FY2025-26; 1.8 MT recycled in FY2024-25; no other categories reported.

Stakeholder Engagement & Complaints

• Key stakeholder groups include employees, shareholders/investors, communities, customers, and government.
• Engagement channels: town halls, stock-exchange disclosures, website, and GeM procurement.
• Communities filed 115 complaints; 0 pending resolution; investors filed 20; 0 pending.
• Employees filed 2 complaints (1 discrimination); POSH complaints 0; grievance mechanisms in place.

Other Notable Metrics

• Related-party transactions: purchases from related parties 0.24% of total purchases; related-party sales 9.32% of total sales.
• CSR turnover and net worth disclosed in CSR section; CSR turnover: 53,947.88 Crore; net worth: 51,301.27 Crore.
• Data privacy/cybersecurity: 0 data breaches; Information Security Policy; ISRMC oversight.
• BRSR Core assurance conducted by Ragini Chokshi & Co.; public policy advocacy not utilized.

Key financials & capital highlights

• Gross premium ₹44,006.74 crore, up 6.93% YoY.
• Net premium ₹40,571.25 crore.
• Net earned ₹39,378.35 crore.
• Underwriting losses ₹1,763 crore (down 47.4%).
• Claims ratio 85.40%.
• PBT ₹10,793.26 crore.
• PAT ₹8,392.18 crore.
• ROE 16.4%.
• Solvency 4.21x.
• Dividend ₹13.25 per share proposed for FY25-26.

AGM Details

• AGM scheduled for 22 September 2026 at 11:00 IST via VC/OAVM.
• Dividend record date: 4 September 2026.
• Cut-off date for e-voting: 15 September 2026.
• Remote e-voting window: 17 September to 21 September 2026.

Key Resolutions

• Adopt Audited Financial Statements for FY2025-26.
• Declare dividend of 13.25 per equity share for FY2025-26.
• Authorize Board to fix remuneration of Joint Statutory Auditors appointed by C&AG for 2026-27.
• Re-appoint Ms Jayashri Balkrishna as Executive Director; term to 31 Oct 2027 or until further orders.
• Appoint Shri Hitesh Rameshchandra Joshi as CMD from 16 June 2026.
• Appoint Dr Debasish Prusty as Government Nominee Director from 19 June 2026.
• Appoint Shri Hiteshkumar Kismatbhai Bhandari as Part-time Independent Director for three years from 13 Aug 2026.

Voting Status

• Voting results for all resolutions are not disclosed in this filing.

Dividend Details

• Final dividend of 13.25 per share; record date 4 September 2026.

Director Changes

• Hitesh Rameshchandra Joshi appointed CMD; term to 30 September 2028.
• Dr Debasish Prusty appointed Government Nominee Director; from 19 June 2026.
• Shri Hiteshkumar Kismatbhai Bhandari appointed Part-time Independent Director; effective 13 Aug 2026 for three years.
• Ms Jayashri Balkrishna to be re-appointed as Executive Director; term to 31 Oct 2027.

Auditors

• Remuneration for Joint Statutory Auditors to be fixed by Board for 2026-27.