Latest news with #53rdAnnualGeneralMeeting
Business Upturn
26-05-2025
- Business
- Business Upturn
GIC Re board recommends Rs 10 dividend for FY25; record date set for September 5
By News Desk Published on May 26, 2025, 20:21 IST General Insurance Corporation of India (GIC Re) has announced a final dividend of ₹10 per equity share for the financial year ended March 31, 2025, which represents a 200% payout on the face value of ₹5. The dividend is subject to shareholder approval at the upcoming 53rd Annual General Meeting (AGM). The dividend, once approved, will be paid within 30 days from the date of its declaration at the AGM. The Board of Directors also fixed Friday, 5th September 2025, as the record date to determine eligible shareholders for the final dividend payout. The board meeting commenced at 4:00 PM and concluded at 6:10 PM (IST). GIC Re also confirmed that the audit reports for its FY25 standalone and consolidated results were issued with an unmodified opinion by the joint statutory auditors. Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions. News desk at
Business Upturn
26-05-2025
- Business
- Business Upturn
GIC Re Q4FY25: Profit jumps 49% YoY to Rs 2,499 crore; board announces Rs 10 dividend
General Insurance Corporation of India (GIC Re) reported a consolidated net profit of ₹2,499 crore in Q4 FY25, marking a 49% increase year-on-year compared to ₹1,676 crore in Q4 FY24. For the full year ended March 31, 2025, profit stood at ₹7,432 crore, up from ₹6,686 crore in FY24. The company's total income for FY25 rose 7.3% year-on-year to ₹45,589 crore, compared to ₹42,500 crore last year. Key operating metrics showed: Gross premium written: ₹41,955 crore in FY25 vs ₹37,867 crore in FY24 Net premium written: ₹38,412 crore vs ₹34,145 crore Net premium earned: ₹36,711 crore vs ₹33,700 crore Net investment income: ₹8,734 crore vs ₹8,699 crore Dividend announcement The Board of Directors has recommended a final dividend of ₹10 per equity share (i.e. 200% on ₹5 face value) for FY2024–25, subject to shareholder approval at the upcoming 53rd Annual General Meeting (AGM). The dividend will be paid within 30 days of declaration. The record date for dividend entitlement has been set as Friday, 5th September 2025, per SEBI norms. The Board meeting was held on May 26, commencing at 4:00 PM and concluding at 6:10 PM IST. Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions. News desk at
