ICICI Prudential Life Insurance Company Limited has announced its 26th Annual General Meeting (AGM) will be held on Tuesday, June 30, 2026, at 11:00 AM IST. The meeting will be conducted through Videoconference/Other Audio-Visual Means (VC/OAVM). The company has also released its Integrated Annual Report for FY2026. The notice and annual report are accessible on the company's website and the stock exchange websites. The AGM agenda includes receiving and adopting financial statements for FY2026, declaring a final dividend, appointing/re-appointing directors, appointing joint statutory auditors (Chaturvedi & Co. LLP and M. P. Chitale & Co.), approving remuneration for auditors and the Managing Director & CEO, and considering material related party transactions with ICICI Bank Limited and ICICI Securities Primary Dealership Limited for FY2028. The record date for the final dividend, if approved, is Friday, June 5, 2026, with payment within 30 days of the AGM. The cut-off date for e-voting is Tuesday, June 23, 2026, with remote e-voting available from June 27 to June 29, 2026. The remuneration for Chaturvedi & Co. LLP for FY2027 audit is ₹11.98 million plus expenses, and for the Group Reporting Pack audit is ₹1.0 million plus expenses. M. P. Chitale & Co. will receive ₹11.98 million plus expenses for the company's audit and ₹1.0 million plus expenses for the Group Reporting Pack audit for FY2027. M. P. Chitale & Co. will also audit the IFSC Insurance Office (IIO) from FY2026 to FY2028 for ₹0.05 million annually plus expenses. Walker Chandiok & Co. LLP will receive ₹1.35 million plus expenses for the Business Responsibility and Sustainability Core Report audit for FY2026. Material related party transactions with ICICI Bank Limited for FY2028 are proposed up to ₹34,790 crore, and with ICICI Securities Primary Dealership Limited for FY2028 are proposed up to ₹30,300 crore. The remuneration for Mr. Anup Bagchi, Managing Director and CEO, effective April 1, 2026, includes a basic salary of ₹3,21,00,240 per annum, allowances of ₹2,32,48,152 per annum, various perquisites, retiral benefits of ₹1,13,41,020 per annum, a performance bonus for FY2027 (up to 70% of Fixed Pay with minimum 50% deferment), and long-term pay in the form of stock options. The remuneration for the Secretarial Auditor, Parikh & Associates, for FY2027 is ₹0.44 million plus taxes and expenses for the Secretarial Audit and ₹0.035 million for certifications.
