Bajaj Allianz General Insurance Company Limited has expanded its motor insurance portfolio with the launch of ProShield and an enhanced version of its VPAY 2.0 solution. The insurer introduced these products to address specific challenges faced by defence personnel and the growing demand for advanced protection in connected vehicles.

ProShield is designed specifically for defence personnel who navigate a lifestyle characterised by frequent relocations, operational commitments, and extended separation from families. The solution aims to provide protection, convenience, and financial support tailored to the unique demands of military service.

Product Highlights

The launch coincides with the enhancement of VPAY 2.0, described as a next-generation motor insurance offering. As vehicles become increasingly software-driven and technologically advanced, the company noted that customers expect insurance to evolve beyond conventional accident-related protection.

Bajaj Allianz General Insurance remains one of India's leading private general insurers. The new offerings reflect a strategic focus on niche segments with distinct risk profiles.

The Board of Directors of popular estate management convened on August 12, 2026, to approve key corporate governance matters ahead of its upcoming Annual General Meeting (AGM). The meeting, held at the company’s registered office in Ahmedabad from 02:00 p.m. to 03:00 p.m., resulted in the approval of the notice for the 32nd AGM, which is scheduled to be held on Monday, September 7, 2026, at 02:30 p.m. via Video Conference or Other Audio-Visual Means. The Board also approved the re-appointment of Het Patel as a director, subject to shareholder approval, and finalized the appointment of a new secretarial auditor.

AGM Details and Shareholder Eligibility

The company has fixed August 31, 2026, as the cutoff date to identify shareholders eligible to vote in the meeting. To facilitate the process, the Register of Members and Share Transfer Books will remain closed from September 1, 2026, to September 7, 2026, inclusive. M/s. Krishna Patel & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer for the 32nd AGM.

Director Re-Appointment

The Board approved the re-appointment of Het Patel as a director, who is liable to retire by rotation. This appointment is subject to the approval of shareholders at the AGM. As per Regulation 30 of the SEBI (LODR) Regulations, 2015, and SEBI circular CIR/CFD/CM/4/2015 dated September 9, 2015, the company confirmed that Mr. Patel is not debarred from holding the office of director by any regulatory authority.

Het Patel, aged 31, holds a Master’s degree in International Business and a Bachelor’s degree in Business Administration. He has expertise in real estate and sales and was first appointed to the Board on July 29, 2021. During FY25-26, he attended 15 board meetings. His proposed remuneration includes fees for attending board or committee meetings, reimbursement of expenses, and profit-related commission within the limits stipulated under Section 197 of the Companies Act, 2013. He is the cousin brother of Vikram C. Patel, the Promoter, Director, Manager, and CFO of the company, and the nephew of Saritaben N. Patel.

Change in Secretarial Auditor

The Board took note of the resignation of Sejal Shah & Associates as secretarial auditors, effective August 13, 2026. Consequently, it approved the appointment of M/s. Krishna Patel & Co., Company Secretaries, based in Ahmedabad, as the new secretarial auditors. Their remuneration will be fixed subject to shareholder approval at the AGM. The appointment date for the new auditors is set for September 7, 2026.

Other Approvals

The Board also approved the Director’s Report and the Secretarial Audit Report for FY25-26. It took note of the Corporate Governance Compliance Certificate and the Certificate of Non-Disqualification of Directors for the year ended March 31, 2026, both issued by Sejal Shah & Associates. Additionally, the Board noted the Certificate of Compliance with the Code of Conduct for Directors and Senior Management Personnel issued by Vikram Patel, Director and CFO, as per Regulation 17(8) Part B of the SEBI (LODR) Regulations, 2015. Related party transactions were also approved, pending shareholder consent.