The New India Assurance Company submitted its Business Responsibility & Sustainability Report (BRSR) for FY26 to the stock exchanges on July 29, 2026, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing complements the company’s revised Annual Report uploaded earlier in July, which reported a 40% jump in global profit after tax (PAT) to ₹1,384 Crore. The BRSR provides detailed disclosures on environmental, social, and governance (ESG) parameters, offering investors deeper insight into the insurer’s sustainability practices alongside its financial performance.

Financial Context and Sustainability Reporting

The BRSR submission follows the company’s strong financial close for FY26, where global gross written premium (GWP) reached an all-time high of ₹47,174 Crore. While the financial results highlighted robust top-line growth and improved market share, the sustainability report focuses on non-financial metrics. Ragini Chokshi and Company provided reasonable assurance on the BRSR core indicators. The report covers the standalone entity, aligning with the financial reporting boundary used for the annual results.

Governance and Risk Management

The Chairman-cum-Managing Director is identified as the highest authority responsible for the implementation and oversight of business responsibility policies. A dedicated Risk Management Committee at the board level handles sustainability-related decisions. Key members include Ms. Kasturi Sengupta, Ms. Shwetha Rao B, and Mr. Sharad S Ramnarayanan. The company maintains an Internal Disciplinary Department (IDD) to investigate employee grievances independently, ensuring compliance with internal conduct policies.

Environmental Initiatives and Carbon Footprint

New India Assurance reported a carbon footprint of 2,665 metric tonnes of CO2 equivalent for the reporting period. The company has initiated several measures to reduce its environmental impact, including the deployment of energy-efficient office equipment, increased digitalization to minimize paper use, and responsible e-waste disposal through authorized recyclers. The organization acknowledged that indirect emissions from previous financial years have not been quantified but committed to progressively assessing these figures in line with international standards.

Social Impact and Employee Metrics

The report highlights a total workforce of 10,405 employees, comprising 7,091 males and 2,628 females. The company emphasizes equal opportunities and has equipped offices with accessibility features for differently abled employees. No fatalities or lost-time injuries were reported during the year. The firm also engaged in community initiatives, such as supporting skill development courses and providing infrastructure to government schools in tribal areas like Bastar District.

Strategic Outlook on Sustainability

Looking ahead, New India Assurance aims to build a framework for engagement with value chain partners on sustainability by 2027. The company is progressively transitioning toward solar energy for domestic use and developing structures for employee engagement assessments. These initiatives align with the broader strategic goal of integrating climate risk into underwriting and investment decisions, reflecting a commitment to long-term sustainable growth.

The New India Assurance Company shareholders approved a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026, at the company’s 107th Annual General Meeting (AGM) held on July 27, 2026. The resolution received overwhelming support, with 99.92% of votes cast in favor, signaling strong investor confidence in the insurer’s capital return strategy. In addition to the dividend declaration, members adopted the audited standalone and consolidated financial statements for FY26 and authorized the Board to fix remuneration for Joint Statutory Auditors appointed by the Comptroller & Auditor General of India (C&AG) for FY27.

The AGM was conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations. Girija Subramanian, Chairman-cum-Managing Director, chaired the proceedings, which were attended by 81 members. The quorum was present, and all six ordinary resolutions listed in the notice dated July 5, 2026, were passed with requisite majority. S N Viswanathan of S N Ananthasubramanian & Co served as the scrutinizer for the e-voting process, ensuring transparency in the remote voting mechanism managed by Central Depository Services (India) Limited (CDSL).

Key Resolutions Passed

The primary focus of the meeting was the declaration of the final dividend and governance matters. Shareholders also voted on critical board appointments, including the re-appointment of the outgoing CMD and the induction of new directors.

Board Appointments and Governance

Girija Subramanian, who retires by rotation, offered herself for re-appointment as Chairman-cum-Managing Director. Her re-appointment was approved with 99.78% support from shareholders. The meeting also facilitated the appointment of S Sivasankar as Executive Director and Hari Har Mishra as Government Nominee Director, both securing nearly 99% approval ratings. These appointments ensure continuity in leadership and strengthen the Board’s composition with government representation.

Voting Process Details

The remote e-voting facility was available from July 24, 2026, to July 26, 2026, with a cut-off date of July 20, 2026, for determining eligibility. A total of 264 votes were cast across all resolutions, with the vast majority participating via remote e-voting. The scrutinizer’s report confirmed that all votes cast were valid and that the process adhered to the Companies Act, 2013, and SEBI LODR Regulations. The consolidated results were submitted to BSE and NSE within 48 hours of the meeting’s conclusion.