The New India Assurance Company Ltd

AGM details

• Date and time: 27 July 2026, 11:30 IST, via VC/OAVM.
• Meeting concluded at 1:10 p.m. IST.
• Remote e-voting: 24–26 July 2026; cut-off date 20 July 2026.
• 81 members attended via VC/OAVM.

Resolutions and outcomes

• Adoption of standalone and consolidated financial statements with reports — Passed.
• Final dividend of Rs 1.50 per share for FY 2025-26 — Approved.
• Remuneration for C&AG-appointed joint statutory auditors for 2026-27 — to be fixed by the Board.
• Re-appointment of Girija Subramanian as director (retiring by rotation) — Ordinary.
• Appointment of S. Sivasankar as Executive Director — Ordinary.
• Appointment of Hari Har Mishra as Government Nominee Director — Ordinary.
• All resolutions passed with the requisite majority.

Director changes

• Girija Subramanian re-appointed as CMD (director).
• S. Sivasankar appointed as Executive Director.
• Hari Har Mishra appointed Government Nominee Director.

Financial performance – consolidated

• Gross Premiums Written: 13,83,513 lakhs.
• Net Premium Written: 71,29,787 lakhs.
• Premium Earned (Net): 9,74,728 lakhs.
• Income from investments (Net): 1,55,284 lakhs.
• Total income: 11,30,012 lakhs.
• Commissions & Brokerage (net): 95,403 lakhs.
• Operating expenses related to insurance business: 1,09,990 lakhs.
• Underwriting Profit/(Loss): (2,34,254) lakhs.
• Final dividend paid: Rs 1.80 per share.
• Solvency ratio: 1.80x.
• Investment assets (market value): Rs 99,980 crore.

Management commentary & outlook

• Q1FY27 GWp growth: 2.9%; property premiums fell 27.8% industry-wide.
• Motor TP losses widened; no premium hikes yet, inflationary pressures persist.
• Strategy: shift mix toward retail and MSME; focus on newer, lower-competition products.
• Overseas subsidiaries: Trinidad & Tobago, Sierra Leone, Prestige Nigeria; associates in Singapore and India.
• Bangkok & Fiji branches shifted to financial year reporting; benefit includes six-month consolidation.
• Hong Kong (going concern) and Manila (run-off) offices; no new business.

Regulatory, tax & risk notes

• IRDAI forbearance on IRDAI-IGAAP to Ind AS transition; full compliance by Apr 1, 2027.
• Contingent tax/GST/Service Tax liabilities noted; no provisioning disclosed in this quarter.
• Internal controls and audit trail enhancements ongoing; foreign branches backups in India.

Business model & segments

• Indian general insurer with segments Fire, Marine, Motor, Health, Liability, Aviation, Engineering, Crop, Misc.

Key corporate developments

• Consolidated results include three overseas subsidiaries and two associates; entities and shareholdings listed in annexures.

Notable quote

• "QLFY27 was a challenging quarter for the lndian general insurance industry. The insurance industry property premium crashed by 27.g% during the quarter and Q1FY27 being a property heavy quarter for New lndia Assurance ,our overall GWp growth was mute d at2.9%. The Motor Third Party line of business continued to be under pressure as there was no premium increase and the claim inflation pressure continuing, The significant spike in Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward to a hike in Motor Third party premium. our solvency ratio remained healthy at 1.80x. our investment assets on a market value basis stood at a healthy Rs.99,980 crs. Going forward, we will continue our efforts to change the business mix in favor of retail and MSME with the focus on newer product lines where competitive intensity is lower.,,
• attribution:

Trading window schedule

• Trading window closed 1 July 2026 to 26 July 2026.
• Board meeting on 24 July 2026 to consider unaudited results.

Meeting Details

• Meeting on 24 July 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• No other material notes disclosed in the filing.

Dematerialisation status

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to depositories by the RTA.
• Securities dematerialised were listed on the stock exchanges.
• Physical certificates were mutilated, cancelled, and depository named registered owner within timelines.

AGM Details

• 107th AGM on 27 July 2026 at 11:30 AM via VC/OAVM.
• Record date for dividend: 10 July 2026.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements and Board Reports.
• Ordinary: Declaration of final dividend of Rs 1.50 per equity share.
• Ordinary: Board to fix remuneration of Joint Statutory Auditors (C&AG) for 2026-27.
• Ordinary: Re-appointment of Girija Subramanian as CMD.
• Special: Appointment of S. Sivasankar as Executive Director on the Board.
• Special: Appointment of Hari Har Mishra as Government Nominee Director on the Board.

Voting Details

• Voting results are not disclosed in this filing.

Dividend

• Final dividend proposed: Rs 1.50 per share.

Director Changes

• S. Sivasankar appointed Executive Director w.e.f 20 Feb 2026.
• Hari Har Mishra appointed Government Nominee Director w.e.f 25 Jun 2026.
• Girija Subramanian proposed for re-appointment as CMD.

Auditor Arrangements

• Board to fix remuneration of Joint Statutory Auditors appointed by C&AG for 2026-27.

Other Governance

• AGM via VC/OAVM as per MCA circulars; remote e-voting window 24–26 July 2026.

Appointment of Government Nominee Director

• Appointment of Hari Har Mishra as Government Nominee Director, effective 25 June 2026.
• Profile: 1998-batch IDAS officer; currently Additional Secretary, Department of Financial Services, MoF.
• Reason: Appointment by Government under MoF notification dated 13 May 2026.
• Board relation: Not related to any other director.
• Compliance: Not debarred by SEBI or other authorities.
• Term: Not specified; effective 25 June 2026.
• Impact: Government-nominee seat on the board.