SBI Life Insurance Company Limited successfully concluded its postal ballot process on March 31, 2026, with shareholders demonstrating overwhelming support for four material related party transaction resolutions. The company announced that all proposed resolutions were passed with requisite majority, reflecting strong stakeholder confidence in its strategic business relationships.

Postal Ballot Process Overview

The remote e-voting process commenced at 09:00 A.M. (IST) on March 01, 2026, and concluded at 05:00 P.M. (IST) on March 30, 2026. The company had 361644 total shareholders on record date, with the postal ballot notice sent electronically on February 28, 2026. KFin Technologies Limited provided the remote e-voting facility, ensuring a transparent and efficient voting process.

Resolution Results and Voting Pattern

All four ordinary resolutions received substantial shareholder approval, with each resolution securing over 97% votes in favour. The voting results demonstrated consistent support across all proposed material related party transactions.

State Bank of India Transaction Approval

SBI DFHI Limited Transaction Approval

Institutional and Retail Investor Participation

The voting pattern revealed strong participation from institutional investors, with public institutions showing 90.25% polling rate on their shareholding of 390078601 shares. Public non-institutional investors demonstrated 30.51% polling rate on their 57751237 shares. Notably, the promoter and promoter group, holding 555000000 shares, abstained from voting on all resolutions as they were interested parties in the proposed transactions.

Additional Resolutions Approved

Shareholders also approved material related party transactions with SBI Capital Markets Limited and Yes Bank Limited, both receiving similar overwhelming support with 97.84% and 97.84% approval rates respectively. These resolutions enable the company to strengthen its business relationships and expand operational capabilities through strategic partnerships.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. Ms. Alifya Sapatwala from Mehta & Mehta Company Secretaries served as the scrutinizer, ensuring compliance with all regulatory requirements. The voting results and scrutinizer's report have been made available on the company's website and the registrar's portal for stakeholder access.

SBI Life Insurance Company Limited has completed the allotment of equity shares under its Employee Stock Option Scheme 2018, marking another milestone in its employee compensation program. The insurance major informed stock exchanges about this development on March 17, 2026.

Share Allotment Details

The Board Stakeholders' Relationship & Sustainability Committee approved the allotment of 75,325 equity shares of Rs. 10 each on March 17, 2026. These shares were allotted following the exercise of vested stock options by certain employees under the 'SBI Life Employee Stock Option Scheme 2018'.

Updated Share Capital Structure

Following the allotment, SBI Life Insurance's capital structure has been updated to reflect the additional shares issued to employees.

Regulatory Compliance

The company has duly informed both the National Stock Exchange of India Limited (NSE Symbol: SBILIFE) and BSE Limited (BSE Scrip Code: 540719) about this allotment under Regulation 30 of the listing regulations. Company Secretary Girish Manik signed the official communication to the stock exchanges, ensuring full regulatory compliance.

The intimation regarding this allotment has been made available on the company's official website at sbilife.co.in for stakeholder reference and transparency.