General Insurance Corporation of India General Insurance Corporation of India has filed its annual report for FY26 with stock exchanges. The filing confirms the schedule for its 54th Annual General Meeting on September 22, 2026. Shareholders will vote on a final dividend of ₹13.25 per equity share and the appointment of Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director.

The Board declared the dividend in its meeting held on May 26, 2026. The record date for dividend eligibility is set for September 4, 2026. Shareholders holding shares as of this date will receive the payout within 30 days of declaration.

Key Agenda Items

The AGM notice outlines several ordinary and special resolutions for shareholder approval:

• Adoption of audited financial statements for FY26.
• Reappointment of Ms. Jayashri Balkrishna as a director retiring by rotation.
• Appointment of Dr. Debasish Prusty as Government Nominee Director.
• Appointment of Shri Hiteshkumar Kismatbhai Bhandari as an Independent Director.

Hitesh Joshi, currently an Executive Director, assumes the role of CMD effective June 16, 2026, until his superannuation on September 30, 2028. His pay scale is set at Level 16 (₹2,05,400-₹2,24,400). Dr. Prusty, Additional Secretary in the Department of Financial Services, joins the board effective June 19, 2026. Shri Bhandari, a practicing advocate, is appointed as an Independent Director for three years effective August 13, 2026.

Voting and Logistics

Remote e-voting opens on September 17, 2026, at 9:00 am and closes on September 21, 2026, at 5:00 pm. The cut-off date for voting rights is September 15, 2026. National Securities Depository Limited facilitates the e-voting process.

The company corrected the AGM date from the previously announced September 21, 2026, at 3:00 pm to September 22, 2026, at 11:00 am. This correction was disclosed pursuant to Regulation 30 of the SEBI Listing Regulations. The meeting venue is deemed to be the registered office in Mumbai.

Annual Report Filing

Pursuant to Regulation 34(1) of the SEBI Listing Regulations, the corporation circulated its Annual Report for Financial Year 2025-26 electronically on August 31, 2026. The report includes the Business Responsibility & Sustainability Report and the Notice of the 54th AGM. The document is hosted on the company website and the National Securities and Depository Limited e-voting portal.

General Insurance Corporation of India ( GIC Re ) has issued a corrigendum for its first quarter fiscal year 2027 (Q1 FY27) investor presentation, correcting inadvertent typographical errors in key financial metrics.

The Mumbai-based reinsurer stated that the original presentation, submitted on August 14, 2026, contained errors in the incurred claim ratio figures for both FY25-26 and Q1 FY26-27, as well as the net worth figure for Q1 FY26-27. The revised document also updates information provided in the "GIC Re – Robust Investments and its Returns" section.

Key Financial Corrections

The company clarified that aside from these specific revisions, there are no material changes to the financial results or the broader investor presentation previously filed with the Bombay Stock Exchange and the National Stock Exchange of India.

The corrected data points include:

GIC Re, which holds a dominant market share in the Indian reinsurance sector, reported a combined ratio of 104.9% and profit after tax of ₹1,922 crore for Q1 FY27 in its initial filing. The solvency ratio stood at 432% for the same period, reflecting strong capital adequacy.

Market Context

As India’s largest domestic reinsurer, GIC Re supports 59 direct general and life insurance companies in the country. The firm maintains an A- (Excellent) credit rating from A.M. Best and holds approximately 52% market share in the Indian reinsurance segment as of FY24-25.

The revised investor presentation is now available on the company’s official website. The correction was communicated via an exchange letter dated August 19, 2026, signed by Satheesh Kumar, Company Secretary & Compliance Officer.