Canara HSBC Life Insurance Company Ltd has recommended the appointment of M/s Brahmayya & Co. and M/s M Bhaskara Rao & Co. as Joint Statutory Auditors to its members. The Board of Directors approved the proposal at its meeting held on June 16, 2026, following the recommendation of the Audit Committee. The appointments are subject to the approval of shareholders at the annual general meeting.

The term of the existing statutory auditors, M/s Raj Har Gopal & Co. and M/s Brahmayya & Co., will conclude at the end of the 19th annual general meeting. Consequently, the Board has proposed new tenures for the incoming auditors to ensure continuity and compliance with regulatory requirements.

Appointment Details

The Board has proposed distinct terms for the two audit firms. M/s Brahmayya & Co. is recommended for a one-year term, whereas M/s M Bhaskara Rao & Co. is proposed for a longer, consecutive four-year term.

Auditor Profiles

M/s Brahmayya & Co., Chartered Accountants, was founded in 1932. Its service portfolio includes statutory, internal, systems, and management audits, along with tax consultancy and business valuation. The firm also engages in the review and structuring of financial and managerial resources.

M/s M Bhaskara Rao & Co. was established in 1961. The firm offers professional services with a focus on audit and assurance, including statutory, tax, and internal audits. Its expertise extends to direct and indirect taxation, tax advisory on international transactions, and business advisory services.

HSBC Insurance (Asia-Pacific) Holdings Limited has confirmed that it holds no encumbrance on its substantial shareholding in Canara HSBC Life Insurance Company Limited . The disclosure, submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited, confirms the status of shares held as on 31 March 2026.

In a filing dated 8 April 2026, HSBC Insurance (Asia-Pacific) Holdings Limited stated that it, along with persons acting in concert, held 242,250,000 equity shares. The entity explicitly declared that no type of encumbrance, directly or indirectly, was created on these equity shares as on 31 March 2026.

The declaration was made pursuant to the provisions of Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or persons acting in concert.

The following table details the shareholding disclosed:

The communication was signed by Gregoire Picquot, Director of HSBC Insurance (Asia-Pacific) Holdings Limited. Copies of the disclosure were also forwarded to the Audit Committee of Canara HSBC Life Insurance Company Limited.