Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance Company Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from Wednesday, July 1, 2026, and will reopen 48 hours after the announcement of the Un-Audited Financial Results for the quarter ending June 30, 2026. The exact date of the board meeting to approve these results will be communicated separately. Designated persons, their immediate relatives, and other insiders are prohibited from trading in the company's shares during this period.

Canara HSBC Life Insurance Company Ltd has announced that its Board of Directors, in a meeting held on June 16, 2026, recommended the re-appointment of Mr. Santanu Kumar Majumdar and Mr. Amitabh Nevatia. These non-executive directors are retiring by rotation and are proposed for re-appointment at the upcoming 19th Annual General Meeting, in accordance with Section 152(6) of the Companies Act, 2013. Both directors have confirmed they are not debarred from holding office by any SEBI order.

Canara HSBC Life Insurance Company Ltd announced the appointment of two Joint Statutory Auditors following a Board of Directors meeting on June 16, 2026. M/s Brahmayya & Co. has been appointed for a term of one year, while M/s M Bhaskara Rao & Co. will serve for four years. This appointment is subject to member approval at the upcoming Annual General Meeting. The existing auditors' term concludes at the 19th AGM.

Canara HSBC Life Insurance Company Ltd. has executed a Corporate Agency Agreement with West Bengal Gramin Bank on April 30, 2026. This agreement enables West Bengal Gramin Bank, a Regional Rural Bank licensed by the RBI and an associate of Punjab National Bank, to distribute Canara HSBC Life's insurance products. The Company will pay commission to the bank according to its Board-approved policy. The filing clarifies that there is no shareholding by Canara HSBC Life in the bank, no special rights, and the transaction does not fall under related party transactions.

Canara HSBC Life Insurance Company Ltd's Board of Directors, in a meeting held on April 28, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The joint statutory auditors, M/s Brahmayya & Co. and M/s Raj Har Gopal & Co., issued an audit report without any observations or remarks. Additionally, the Board recommended a final dividend of 0.4 per equity share (i.e., 4%) for the financial year ended March 31, 2026. This dividend recommendation is subject to the approval of the company's members at the upcoming Annual General Meeting. The record date for ascertaining dividend entitlement will be announced separately.

Canara HSBC Life Insurance reported strong audited financial results for the full year ended March 31, 2026. Individual Weighted Premium Income (WPI) grew 19% year-on-year to ₹2,593 crore, outperforming both industry and private-sector peers. The company's Gross Premium Income crossed ₹10,000 crore, marking a 43% YoY growth. Value of New Business (VNB) surged 41% YoY to ₹627 crore, with the VNB Margin improving to 22.4%. Profit After Tax (PAT) increased 8% YoY to ₹127 crore, and Assets Under Management (AUM) rose 12% YoY to ₹46,118 crore. The company also recorded its best-ever claims settlement ratio at 99.6% and advanced to 9th rank among private insurers based on WPI premium. The MD & CEO highlighted disciplined growth and a commitment to diversify distribution.

Canara HSBC Life Insurance Company's Board of Directors met on April 28, 2026. The Board approved the Audited Financial Results for the quarter and financial year ended March 31, 2026. These results were reviewed by the Audit Committee and approved by the Board. The joint statutory auditors, M/s Brahmayya & Co. and M/s Raj Har Gopal & Co., issued an audit report without any observations or remarks. Additionally, the Board recommended a final dividend of ₹0.4 per equity share (4%) for the financial year ended March 31, 2026, subject to shareholder approval at the Annual General Meeting. The record date for the dividend will be announced separately. The meeting commenced at 3:45 pm and concluded at 4:40 pm IST.

Canara HSBC Life Insurance Company Ltd has scheduled a Board of Directors meeting on April 28, 2026, to approve the financial statements for the fiscal year ended March 31, 2026, and to consider the recommendation of a final dividend on equity shares for the same period, subject to member approval at the Annual General Meeting. The trading window for dealing in the company's securities is currently closed and will reopen 48 hours after the announcement of the board's decisions.

Canara HSBC Life Insurance Company Ltd has executed a Corporate Agency Agreement with Odisha Grameen Bank on April 13, 2026. This agreement enables Odisha Grameen Bank, a Regional Rural Bank, to distribute Canara HSBC Life's insurance products. The insurance company will pay commissions to Odisha Grameen Bank based on its board-approved policy. The filing clarifies that there is no shareholding by Canara HSBC Life in the bank, and the parties are not related to the promoter group. The transaction is not classified as a related party transaction. This partnership is expected to expand Canara HSBC Life's distribution network and enhance its market penetration.

Canara HSBC Life Insurance Company Ltd. has received an order under Section 74 of the UPGST and CGST Act, 2017 on 30th March 2026 from the Office of the Deputy Commissioner, Lucknow Sector-20, Lucknow (C), Lucknow II, Uttar Pradesh. The order demands ₹ 4,80,38,171 including tax, interest, and penalty for the Financial Year 2019-20. The demand is based on allegations of improper ITC claims and excess ITC claimed in GST return. The Company, however, does not foresee any significant impact on its financials, operations, or other activities and plans to file an appeal against the order.