ICICI Lombard declares ₹7 final dividend for FY2026

2 min read     Updated on 21 Jun 2026, 03:00 AM
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Ashish TScanX News Team
AI Summary

ICICI Lombard General Insurance Company Limited declared a final dividend of ₹7 per equity share for FY2026 at its AGM on June 19, 2026. Shareholders confirmed an interim dividend of ₹6.5 per share and approved the re-appointment of Mr. Sandeep Batra and the appointment of B S R & Co. LLP as Joint Statutory Auditor. All resolutions, including related party transactions and a revision in the MD & CEO's remuneration, were passed with the requisite majority.

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ICICI Lombard General Insurance Company Limited declared a final dividend of ₹7 per equity share for the financial year ended March 31, 2026, at its Twenty-Sixth Annual General Meeting held on June 19, 2026. The meeting, conducted through Video Conferencing and Other Audio Visual Means, was chaired by Mr. Rakesh Jha, Chairperson and Non-executive, Non-independent Director. Shareholders also confirmed the payment of an interim dividend of ₹6.5 per share for the same period.

All ten resolutions listed in the notice were passed with the requisite majority. The business included the adoption of audited financial statements for FY2026, the re-appointment of Mr. Sandeep Batra as a director, and the appointment of B S R & Co. LLP as a Joint Statutory Auditor for a term of four years. Shareholders also approved the audit remuneration for the statutory auditors for FY2027 and material related party transactions with ICICI Bank Limited and ICICI Securities Primary Dealership Limited.

The Board appointed Mr. Shyam Srinivasan as a Non-executive, Independent Director through a special resolution. Additionally, the meeting approved a revision in the remuneration of Mr. Sanjeev Mantri, Managing Director & CEO. The Joint Statutory Auditors' Report and the Secretarial Audit Report for the financial year ended March 31, 2026, contained no qualifications, observations, or adverse remarks.

Voting Results

The remote e-voting facility was available from June 16, 2026, to June 18, 2026. A total of 1,341 members participated through remote e-voting and e-voting during the AGM. The scrutinizer's report confirmed that all resolutions received the necessary support from shareholders.

Resolution Description Votes For Votes Against % For
Adoption of Financial Statements 44,38,21,427 1,79,083 99.95%
Interim Dividend Confirmation 44,40,74,113 247 99.99%
Final Dividend Declaration 44,40,74,069 269 99.99%
Re-appointment of Director 41,19,57,873 3,15,63,071 92.88%
Appointment of Auditor B S R & Co. LLP 44,40,65,660 8,678 99.99%
Audit Remuneration Approval 44,39,99,927 74,372 99.98%
Appointment of Independent Director 43,93,47,070 41,75,779 99.06%
Revision in MD & CEO Remuneration 44,13,70,081 27,04,118 99.39%
Related Party Transactions with ICICI Bank 18,81,53,775 596 99.99%
Related Party Transactions with ICICI Securities 18,81,53,801 608 99.99%

Mr. Sanjeev Mantri, Managing Director & CEO, highlighted the company's 25-year legacy and its financial performance for FY2026, noting growth in premium and profitability driven by disciplined underwriting. The meeting concluded at 5:14 p.m. IST.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.69%+9.21%+3.15%-4.09%-3.22%+21.91%

How will the revision in the MD & CEO's remuneration impact the company's executive compensation strategy and shareholder sentiment moving forward?

What strategic contributions is the newly appointed Independent Director, Mr. Shyam Srinivasan, expected to bring to the Board regarding future growth?

Will the disciplined underwriting mentioned by the CEO be sufficient to maintain profitability margins amid rising competition in the general insurance sector?

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ICICI Lombard General Insurance Records ₹71.47 Crore Block Trade on NSE

0 min read     Updated on 17 Jun 2026, 09:30 AM
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Radhika SScanX News Team
AI Summary

ICICI Lombard General Insurance Company Ltd. witnessed a block trade on the NSE involving approximately 4,02,049 shares at ₹1777.60 per share. The total value of the transaction stood at ₹71.47 crores. Block trades of this magnitude are generally associated with large institutional participation and are executed to limit price disruption in the open market.

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icici lombard general insurance Company Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with approximately 4,02,049 shares changing hands in a single transaction. The deal was executed at a price of ₹1777.60 per share, aggregating to a total transaction value of ₹71.47 crores.

Block Trade Details

The following table summarizes the key parameters of the NSE block trade:

Parameter: Details
Exchange: NSE
Number of Shares: ~4,02,049
Trade Price: ₹1777.60 per share
Total Trade Value: ₹71.47 crores

Block trades of this scale are typically executed by institutional investors and are carried out outside the regular order book to minimize market impact. The transaction in ICICI Lombard General Insurance underscores continued institutional interest in the company's stock.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
+1.69%+9.21%+3.15%-4.09%-3.22%+21.91%

What are the potential short-term and long-term impacts of this block trade on ICICI Lombard's stock price?

Which institutional investors might have been involved in this transaction, and what does it indicate about their outlook on the company?

How might this block trade influence other institutional investors' interest in ICICI Lombard or the insurance sector?

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1 Year Returns:-3.22%