SBI Life Insurance Company Limited — Others, 28-02-2025: Change in Director(s)

SBI Life Insurance Company Ltd. has announced a board meeting outcome, approving the appointment of Mr. Venugopal Bhaskaran Nayar as an Additional Independent Director for three years, effective from February 28, 2025. The board also appointed M/s. Aashish K. Bhatt & Associates as the Secretarial Auditor for FY 2024-25. Additionally, it will seek shareholder approval via postal ballot for Mr. Nayar's directorship and for material related party transactions slated for FY 2025-26. An interim dividend of Rs 2.70 per equity share has been declared, with a record date set for March 7, 2025, and payment expected by March 30, 2025. This update signals proactive governance and favorable returns, possibly boosting investor confidence due to the company’s strategic appointments and commitment to shareholder value.