canara hsbc life insurance company has filed its Business Responsibility and Sustainability Report (BRSR) for financial year 2025-26 with the National Stock Exchange of India Limited (NSE) and BSE Limited. The disclosure, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, provides stakeholders with data on the insurer’s environmental footprint, social initiatives, and governance structures. The report highlights a reduction in overall energy intensity and details the company’s approach to managing customer grievances and employee well-being.

The filing was signed by Vatsala Sameer, Company Secretary and Compliance Officer, on July 23, 2026. Canara HSBC Life Insurance Company Limited operates as a standalone entity for reporting purposes, with its registered office in New Delhi and corporate office in Gurugram. The company serves customers across 29 states and union territories through 107 offices. No independent assurance provider was appointed for the FY 2025-26 report.

Environmental Performance

The company reported a total energy consumption of 10,37,456.85 MJ for FY 2025-26, down from 12,82,924.09 MJ in FY 2024-25. Renewable energy contributed 29,160.00 MJ to the total mix. Greenhouse gas emissions (Scope 1 and Scope 2) decreased to 1,846.99 T CO2e from 2,391.37 T CO2e in the previous year. Waste generation totaled 8.57 metric tonnes, primarily comprising e-waste and shredded paper, all of which was recovered through recycling.

Social and Governance Disclosures

Canara HSBC Life Insurance Company Limited employed 9,697 permanent employees at the end of FY 2025-26, with women constituting 36.69% of the workforce. The turnover rate for permanent employees declined to 46.68% from 49.96% in FY 2024-25. The company received 828 customer complaints during the year, categorized under IRDAI guidelines, with zero complaints pending at year-end. Additionally, 13 sexual harassment complaints were filed under the POSH Act, of which 11 were upheld.

Strategic Sustainability Focus

The Board-approved Risk Management Committee oversees sustainability matters. The company identified sustainable investing, customer satisfaction, and climate efficiency as material issues. Initiatives include a 25 KVA rooftop solar plant at the Head Office and LED lighting transitions. CSR activities focused on healthcare, education, and environment, benefiting over 6,000 individuals across designated aspirational districts in Gujarat, Rajasthan, Jharkhand, and Madhya Pradesh.

Canara HSBC Life Insurance Company Limited has scheduled its 19th Annual General Meeting (AGM) for Thursday, August 20, 2026, at 3:00 P.M. IST, to be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with Ministry of Corporate Affairs and SEBI circulars. The company filed the AGM notice and Annual Report for FY 2025-26 with the stock exchanges on July 23, 2026, via a regulatory filing signed by Company Secretary and Compliance Officer Vatsala Sameer.

Dividend Declaration and Record Date

The Board of Directors recommended a final dividend of ₹0.40 per equity share of face value ₹10 each for the financial year ended March 31, 2026, at its meeting held on April 28, 2026. This payout, representing a 4% dividend yield on face value, is subject to shareholder ratification at the 19th AGM. The record date for determining eligible shareholders has been fixed as Friday, August 14, 2026. Dividend payments will be credited within 30 days following the AGM, subject to updated bank details and KYC compliance. Dividend income is taxable in the hands of shareholders, and Tax Deducted at Source (TDS) will be applied based on residential status and submitted documentation.

The following table summarises the key corporate action dates:

AGM Agenda and Key Resolutions

The 19th AGM will transact both ordinary and special business. Ordinary business includes adoption of audited financial statements for FY 2025-26, declaration of the final dividend, and re-appointment of directors Mr. Santanu Kumar Majumdar (DIN: 08223415) and Mr. Amitabh Nevatia (DIN: 10891350), who retire by rotation. The AGM will also consider the appointment of joint statutory auditors — M/s Brahmayya & Co. (Firm Registration No. 000513S) for one year and M/s M Bhaskara Rao & Co. (Firm Registration No. 000459S) for four consecutive years — each at a remuneration of ₹22,50,000 plus out-of-pocket expenses for FY 2026-27.

Under special business, shareholders will vote on approval of material related party transactions (RPTs) with Canara Bank (Promoter) and The Hongkong and Shanghai Banking Corporation Limited (HSBC, Promoter Group) for the financial year 2026-27. The proposed transaction caps with Canara Bank include premium receipts up to ₹2,000 crores, claims and policy benefits up to ₹750 crores, commission and distribution remuneration up to ₹1,000 crores, investments (purchase) up to ₹500 crores, investments (sale) up to ₹500 crores, guarantees and collaterals up to ₹100 crores, bank charges up to ₹5 crores, rent up to ₹10 crores, and electricity and utility charges up to ₹4 crores. For HSBC, proposed caps include premium receipts up to ₹500 crores, claims and policy benefits up to ₹750 crores, commission up to ₹125 crores, investments (purchase) up to ₹750 crores, investments (sale) up to ₹750 crores, derivative notional up to ₹1,000 crores, guarantees up to ₹50 crores, and bank charges up to ₹2 crores. Related parties are not entitled to vote on these resolutions.

E-Voting and Participation Details

Shareholders are required to exercise their voting rights through the remote e-voting facility facilitated by National Securities Depository Limited (NSDL). The e-voting window opens on Monday, August 17, 2026, at 9:00 A.M. IST and closes on Wednesday, August 19, 2026, at 5:00 P.M. IST. Members who do not vote remotely during this period may cast their votes electronically during the live AGM session. The cut-off date for voting eligibility is Friday, August 14, 2026. Ms. Shirin Bhatt (Membership No. FCS: F8273, CP No.: 9150), Proprietor of M/s Shirin Bhatt & Associates, has been appointed as the Scrutinizer for the remote e-voting process.

FY26 Financial Performance Highlights

The AGM notice is accompanied by the Annual Report for FY 2025-26, which reflects strong financial performance. The company reported total premium income of ₹10,046 crore, with Individual Weighted Premium Income (WPI) growing 19% year-on-year to ₹2,593 crore. Value of New Business (VNB) grew 41% to ₹627 crore, with VNB margins expanding to 22.4%. Profit after tax stood at ₹126.6 crore, marking the company's 14th consecutive year of profitability. Assets Under Management (AUM) grew 12% to ₹46,118 crore, while Embedded Value reached ₹7,233 crore. The solvency ratio stood at 190%, well above the regulatory minimum of 150%.

The AGM notice and Annual Report for FY 2025-26 have been dispatched electronically to all registered members and are available on the company's website. Physical letters are being sent to shareholders who have not registered their email addresses.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE01TY01017/9c07ddda-56ec-4a77-8e9d-fbdc606aa35e.pdf