ICICI Lombard declares ₹7 final dividend for FY2026
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?

































