GIC Re FY26 Annual Report: ₹13.25 Dividend, AGM 2026

Annual report filing and what it confirms

General Insurance Corporation of India (GIC Re) has filed its annual report for FY26 with the stock exchanges. The electronic circulation of the Annual Report for Financial Year 2025-26 was done on August 31, 2026, in line with Regulation 34(1) of the SEBI Listing Regulations. The filing also confirms the schedule and process details for the company’s 54th Annual General Meeting (AGM). Along with the annual report, the corporation circulated the Business Responsibility and Sustainability Report (BRSR) and the AGM notice. The documents are hosted on the company website and also on the National Securities Depository Limited (NSDL) e-voting portal.

54th AGM date, time, and meeting format

The 54th AGM is scheduled for September 22, 2026, and will be held through video conference. The meeting venue is deemed to be the registered office in Mumbai, as stated in the AGM-related disclosures. The company also disclosed a correction to the AGM schedule under Regulation 30 of the SEBI Listing Regulations. Earlier, the AGM had been announced for September 21, 2026, at 3:00 pm, but it has been corrected to September 22, 2026, at 11:00 am. This update matters because the dividend and several board-related resolutions are subject to shareholder approval at the AGM.

Final dividend of ₹13.25 per share: board decision and record date

Shareholders will vote on a final dividend of ₹13.25 per equity share for FY26. The board declared this final dividend in its meeting held on May 26, 2026, subject to shareholder approval. The record date for determining dividend eligibility is September 4, 2026. Shareholders holding shares as of this date will be eligible for the payout. The company has stated that the dividend will be paid within 30 days of declaration.

Voting timeline and e-voting process through NSDL

The AGM notice sets out a clear remote e-voting window for shareholders. Remote e-voting opens on September 17, 2026, at 9:00 am and closes on September 21, 2026, at 5:00 pm. The cut-off date for voting rights is September 15, 2026. NSDL will facilitate the e-voting process, as outlined in the notice. These dates are important for shareholders who plan to vote on dividend approval and director-related resolutions without attending the video conference session.

Leadership update: Hitesh Joshi appointed as CMD

The filing includes the appointment of Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), which is scheduled for shareholder approval. As per the AGM notice context, Hitesh Joshi, currently an Executive Director, assumed the role of CMD effective June 16, 2026. His term is stated to continue until his superannuation on September 30, 2028. This appointment is one of the key items placed before shareholders, alongside the dividend resolution.

Other resolutions: directors and audited statements

Beyond the dividend, the AGM notice outlines several ordinary and special resolutions. Shareholders will vote on the adoption of audited financial statements for FY26. The agenda also includes the reappointment of Ms. Jayashri Balkrishna as a director retiring by rotation. In addition, the appointment of Dr. Debasish Prusty as Government Nominee Director is listed for approval. The notice also includes the appointment of Shri Hiteshkumar Kismatbhai Bhandari as an Independent Director.

Tax note for investors: dividend taxation and TDS disclosure

The company has informed investors about the tax treatment of dividends following amendments to the Income Tax Act, 2025. It stated that dividend income will be taxable in shareholders’ hands. It also disclosed that tax will be deducted at source (TDS) at prescribed rates when paying the dividend. For resident individual shareholders, a 10% TDS will apply unless exempt. The company added that no TDS will be deducted if total dividends from the corporation during tax year 2026-27 do not exceed ₹10,000.

Stock movement snapshot and key market data points

On August 31, 2026 (14:45:49 PM IST), GIC Re was quoted at ₹355.05, up 0.59% versus its last closing price, and traded in the price range of ₹358.15 and ₹352.60 during the session range mentioned. The same data set reported that the stock delivered -7.22% in the year to date period referenced and -0.69% over the last five days. Another market snapshot in the provided data noted an open of ₹354 and intraday movement between ₹351.9 and ₹355.9, with traded volume of 672,586 shares and market capitalisation of ₹61,728.6 crore. A separate timestamped figure cited market capitalisation of ₹62,458.09 crore at 09:15:49 on the same date. The 52-week high and low are listed as ₹418.00 and ₹346.50 in one data line, while another lists ₹417.95 and ₹346.7.

Company profile and FY26 financial performance disclosed

GIC Re is described as an India-based global reinsurance solutions provider and a government-owned reinsurer based in Mumbai. The company is listed on BSE and the National Stock Exchange of India under the ticker GICRE, with ISIN INE481Y01014. Its business segments are listed as Fire, Miscellaneous, Marine and Life. The Miscellaneous segment includes motor, aviation, engineering, workmen compensation, liability, personal accident, health, agriculture, other miscellaneous and financial and credit lines as stated. The provided figures also mention that the company has reported revenue of ₹52,763.24 crore and net profit of ₹8,875.46 crore.

Key facts table

Why the filing matters for shareholders

This annual report filing consolidates the key dates shareholders need for dividend eligibility and AGM participation. The record date of September 4, 2026 determines who receives the final dividend, while the voting cut-off date of September 15, 2026 determines who can vote on the resolutions. The correction in the AGM schedule also reduces operational confusion for investors planning to attend the video conference. The resolutions cover not only the dividend but also leadership continuity with the CMD appointment and board composition through director appointments.

Conclusion

GIC Re’s FY26 annual report filing on August 31, 2026 sets the timetable for its 54th AGM on September 22, 2026 and places the ₹13.25 per share final dividend before shareholders. The immediate next milestones are the voting cut-off date on September 15, 2026 and the remote e-voting window from September 17 to September 21, 2026, ahead of the AGM.