HDFC Life Insurance Company Ltd

Approval details

• IRDAI approved 5-year re-appointments of two executive directors.
• Vibha Padalkar to continue as MD & CEO for 5 years from Sep 12, 2026.
• Niraj Shah to continue as ED & CFO for 5 years from Apr 26, 2026.
• AGM on 16 July 2026 approved the proposals with requisite majority.
• DINs: Padalkar 01682810; Shah 09516010.

Regulatory confirmation

• IRDAI communication dated 19 Aug 2026 confirms approval.

Earnings call recording

• Audio recording of the quarter ended June 30, 2026 earnings call hosted on the company's website.
• Regulatory disclosure under Regulation 30 of SEBI LODR.

Independent Director Cessation

• Cessation as Independent Director upon completion of two consecutive five-year terms.
• Cessation date: close of business hours on July 18, 2026.

Fund utilisation status

• Mode of fund raising: preferential issue.
• Date of fund raising: not disclosed.
• Amount raised: not disclosed in this filing.
• Deviation in use of funds: none.
• Audit Committee comments: none.
• Auditors' comments: none.
• Monitoring agency: Not applicable.
• Status: funds utilised as per original objects.

Q1FY27 highlights

• Board approved and adopted standalone and consolidated Q1FY27 results for quarter ended June 30, 2026.
• Value of New Business (VNB) for Q1FY27 was ₹879 crore.
• New Business Margin stood at 25.0%, GST-adjusted 25.6%.
• Assets Under Management crossed ₹4 lakh crore (approx ₹4.0 trillion).
• PAT for Q1FY27 rose 12% YoY to ₹611 crore, underlying PAT up 17% excluding GST.
• APE: Individual ₹2,969 crore (7% YoY); Total ₹3,515 crore (9% YoY).
• New Business Premium ₹8,143 crore; Renewal Premium ₹9,023 crore; Total Premium ₹17,166 crore; YoY growth 12%, 19%, 15%.
• AUM ~₹4,00,870 crore, up 13% YoY.
• EV ₹65,860 crore; EVOP 14.7% rolling.
• Solvency 185% in Jun-2026 vs 192% prior year; FY27 aspiration unchanged.

Financial results approved

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Reports enclosed with the results.

Dividends and capital actions

• Final dividend of Rs 2.10 per equity share recommended for year ended 31 March 2026, subject to AGM.
• Equity share allotment of 14,523,906 shares at Rs 688.52 per share in Q1 FY27.

Regulatory updates

• IRDAI granted forbearance; Ind AS adoption effective from April 1, 2027.
• Standalone and consolidated results were reviewed by the Audit Committee.

Earnings call details

• Announces Q1FY27 earnings conference call for quarter ended June 30, 2026.
• Date and time: July 15, 2026 at 16:30 IST.
• Pre-registration option available to access the call quickly.
• Dial-in numbers provided for Indian and international access.
• Audio recording to be posted on HDFC Life website.

Meeting Details

• Date: July 15, 2026.
• Time: Not disclosed.
• Location: Not disclosed.

Key Agenda Items

• Approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed July 1-17, 2026 for promoters, designated persons and directors' relatives.

GST order confirmation

• Order confirms total tax demand including interest and penalty of Rs 132.7 crore.
• Period covered: July 1, 2017 to March 31, 2022.
• Issued by Commissioner (Appeals Thane) on June 29, 2026.
• Company to contest the order through GST Appellate Tribunal.
• No adverse material impact on financial operations.