BSEBoard Meeting19h ago · 30 Oct 2026, 08:04 pm
Board Meeting outcome dated 30.10.2026 is enclosed.
General Insurance Corporation of India · 540755
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General Insurance Corporation of India has announced its unaudited financial results for the quarter and half year ended September 30, 2026, along with the resignation of Executive Director Ms. Jayashri Balkrishna due to personal reasons.
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General Insurance Corporation of India - 540755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 30Th October 2026
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Ref. No.: GIC-HO/BOARD/SE-Q2-OBM/263/2026-27 Date: 30th October 2026
To, To,
The Manager The Manager
Listing Department Listing Department
BSE Limited The National Stock Exchange of India Ltd.
25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1,
Dalal Street G Block, Bandra Kurla Complex
Mumbai – 400001 Mumbai - 400051
Scrip Code: (BSE – 540755/ NSE – GICRE)
Sub: Outcome of Board Meeting held on 30th October 2026
Dear Sir/Madam,
1. Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (SEBI (LODR) Regulations, 2015), we forward herewith a
copy of the Unaudited Financial Results (Standalone and Consolidated) for the period ended
30th September 2026, together with the Auditors’ Limited Review Report approved by the
Board of Directors at its meeting held today.
Disclosure on Related Party Transaction for the Half Year ended 30th September 2026, is
being submitted separately in XBRL Format, in compliance with provisions of Regulation
23(9) of SEBI (LODR) Regulations, 2015.
2. The Board of Directors at its meeting held today took note of the letter submitted by
Ms. Jayashri Balkrishna, Executive Director opting for voluntary retirement under the
Corporation’s Voluntary Retirement Scheme (VRS) due to personal reasons and
consequently relinquishing her office as Executive Director (Key Managerial Personnel) of
the Corporation with effect from the date of her being relieved from the services of the
Corporation. The effective date of her relieving shall be intimated to the Exchanges in due
course.
The same will also be available on the website of the Corporation at www.gicre.in .
The Board meeting commenced at 16:00 Hrs and concluded at 18:30 Hrs.
Request you to kindly take the above information on record.
Thanking You.
For General Insurance Corporation of India
(Satheesh Kumar)
Company Secretary & Compliance Officer
Encl.: A/A
Public
SHBA&COLLP S A R A & Associates
(Formerly Bathiya & Associates LLP) Chartered Accountants
Chartered Accountants 202, May Building, 297/299/301,
912, Solaris One, Princess Street, Near Marine Lines Flyover,
N. S. Phadke Road, Marine Lines, Mumbai - 400 002
Andheri East, Mumbai -400 069
Independent Auditor's Limited Review Report on Quarter and half year ended
Unaudited Standalone Financial Results of General Insurance Corporation of India
pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 as amended read with IRDA Circular No.: IRDA/F & A/CIR/
LFTD/027/01/2017 dated January 30, 2017
The Board of Directors,
General Insurance Corporation of India
1. We have reviewed the accompanying statement of unaudited standalone financial results
of General Insurance Corporation oflndia (the "Corporation") for the Quarter and half year
ended September 30, 2026 (the "Statement"), being submitted by the Corporation pursuant
to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended (the "Regulations"), read with IRDA
Circular No. IRDA/F&A/CIR/LFTD/027/01/2017 dated January 30, 2017 (the "Circular").
This Statement which is the responsibility of the Corporation's Management has been
prepared in accordance with the recognition and measurement principles laid down in the
Accounting Standard 25 " Interim Financial Reporting" ("AS 25"), prescribed under
Section 133 of the Companies Act, 2013 (the "Act") as amended read with relevant rules
issued thereunder, accounting and presentation principles as prescribed in the relevant
provisions of the Insurance Act, 1938 (the "Insurance Act"), the Insurance Regulatory and
Development Authority Act, 1999 (the "IRDA Act") and Insurance Regulatory and
Development Authority oflndia (Actuarial, Finance and Investment Functions oflnsurers)
Regulations, 2024, as amended (the "IRDA Financial Statements Regulations") and
orders/directions/circulars issued by the Insurance Regulatory and Development Authority
of India ("IRDAI"/ "the Authority") to the extent applicable and other recognized
accounting practices and policies and approved by the Board of Directors of the
Corporation. Our responsibility is to issue a review report on the Statement based on our
review.
2. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the
Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of
India (the" ICAI"). This Standard requires that we plan and perform the review to obtain
moderate assurance as to whether the Statement is free of material misstatement. A review
is limited primarily to inquiries of Corporation personnel and analytical procedures applied
to financial data and thus provides less assurance than an audit. We have not performed an
audit and, accordingly, we do not express an audit opinion. In the conduct of our review,
we have not covered foreign and Indian branches.
Page 1
SHBA& COLLP S A R A & Associates
(Formerly Bathiya & Associates LLP) Chartered Accountants
Chartered Accountants 202, May Building, 297/299/301,
912, Solaris One, Princess Street, Near Marine Lines Flyover,
N. S. Phadke Road, Marine Lines, Mumbai - 400 002
Andheri East, Mumbai -400 069
3. Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying statement of unaudited Standalone Financial Results
prepared in accordance with the AS 25 prescribed under Section 133 of the Act as amended
read with relevant rules issued thereunder, accounting and presentation principles as
prescribed in the relevant provisions of the Insurance Act, the IRDA Act and IRDA
Financial Statements Regulations, orders/ directions/ circulars issued by the IRDAI to the
extent applicable and other recognized accounting practices and policies, has not disclosed
the information required to be disclosed in terms of Regulation 33 of the Regulations
including the manner in which it is to be disclosed, or that it contains any material
misstatement.
4. Other Matters
a. We or the branch auditors did not review the interim financial information of One
Indian Branch and Three foreign branches (including one run off branch) included
in this Standalone Financial Results whose financial results reflects total Premiums
earned (Net) (before eliminations) oft 63,085 Lakhs and t 1,12,408 Lakhs for the
quarter and half year ended September 30, 2026 respectively, Total Assets (before
eliminations) oft 13,85,024 Lakhs as at September 30, 2026 as considered in the
Standalone Financial Results. According to the information and explanations given
to us by the Management, these interim financial information are not material to the
Corporation.
b. Three branches are located outside India whose interim financial information have
been prepared in accordance with accounting principles generally accepted in their
respective countries and the Corporation's management has converted the interim
financial information of such branches located outside India from accounting
principles generally accepted in their respective countries to accounting principles
generally accepted in India. We have reviewed these conversion adjustments made
by the Corporation's management.
Our conclusion in so far as it relates to the balances and affairs of such foreign
branches located outside India is based on management certified accounts and the
material conversion adjustments workings prepared by the management of the
Corporation reviewed by us.
Page I 2
SHBA&COLLP S A RA & Associates
(Formerly Bathiya & Associates LLP) Chartered Accountants
Chartered Accountants 202, May Building, 297/299/301,
912, Solaris One, Princess Street, Near Marine Lines Flyover,
N. S. Phadke Road, Marine Lines, Mumbai - 400 002
Andheri East, Mumbai -400 069
c. The actuarial valuation of liabilities in respect of Incurred But Not Reported (the
"IBNR") includi
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