Shareholders meeting

November 03, 2026 SBIL/CS/NSE-BSE/2627/138 Vice President General Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G-Block – BKC, Dalal Street, Bandra (East) Mumbai - 400 051 Mumbai - 400 001 NSE SYMBOL: SBILIFE BSE SCRIP CODE: 540719 Dear Sir/ Madam, Subject: Intimation regarding Notice of Postal Ballot seeking approval of the Members of SBI Life Insurance Company Limited In continuation to our letter no. SBIL/CS/NSE-BSE/2627/133 dated October 27, 2026 and in terms of Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith a copy of the Postal Ballot Notice, dated Tuesday, October 27, 2026, pertaining to the approval of the special business relating to the appointment of Mr. Nihar Niranjan Jambusaria (DIN: 01808733), as an Independent Director of the Company along with the Explanatory Statement ("the Notice"). The Notice has been dispatched today i.e, on Tuesday, November 03, 2026, for seeking the approval of the Members of SBI Life Insurance Company Limited (“the Company"), pursuant to the provisions of Sections 108 and 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 and other applicable provisions. The Notice is being sent by e-mail, only to those Members whose name appeared in the Register of Members as on Friday, October 30, 2026. Copy of the Postal Ballot Notice is also available on the website of the Company www.sbilife.co.in and the website of KFintech, the remote e-voting service providing agency of the Company https://evoting.kfintech.com As per the provisions of circulars issued by Ministry of Corporate Affairs, the manner of voting on the proposed resolution is restricted only to remote e-voting. The e-voting period will commence from 09:00 A.M. (IST) on Wednesday, November 04, 2026 and end at 05:00 P.M. (IST) on Thursday, December 03, 2026. The results of Postal Ballot shall be declared on or before Sunday, December 06, 2026. SBI Life Insurance Company Ltd. Registered and Corporate Office: Natraj, M.V. Road and Western Express Highway Junction Andheri (East), Mumbai 400 069. Tel.: (022) 6191 0000/ 3968 0000 IRDAI Regn. No. 111. CIN: L99999MH2000PLC129113 www.sbilife.co.in We request you to kindly take the above information on record. Yours faithfully, For SBI Life Insurance Company Limited Girish Manik Company Secretary ACS No. 26391 Encl: A/a SBI Life Insurance Company Ltd. Registered and Corporate Office: Natraj, M.V. Road and Western Express Highway Junction Andheri (East), Mumbai 400 069. Tel.: (022) 6191 0000/ 3968 0000 IRDAI Regn. No. 111. CIN: L99999MH2000PLC129113 www.sbilife.co.in SBI LIFE INSURANCE COMPANY LIMITED Registered & Corporate Office: “Natraj”, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai – 400069 CIN: L99999MH2000PLC129113; Tel: 022-6191 0000; Website: www.sbilife.co.in ; Email: investor@sbilife.co.in POSTAL BALLOT NOTICE Dear Members, Notice is hereby given to the Members of SBI Life Insurance Company Limited (‘the Company’), pursuant to Section 108 and 110 and other applicable provisions, if any, of the Companies Act, 2013 (‘the Act’) read with Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014, as amended (‘Management Rules’) and in accordance with guidelines prescribed by the Ministry of Corporate Affairs (“MCA”) for conducting postal ballot process through e-voting vide the General Circular No. 03/2025 dated September 22, 2025 and any other relevant circulars and notifications issued by the Ministry of Corporate Affairs (herein collectively referred to as ‘MCA Circulars’), Secretarial Standard-2 on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘SEBI Listing Regulations’), and other applicable provisions of the Act, Rules, Circulars and Notifications issued thereunder (including any statutory modifications or re-enactment thereof for the time being in force and as amended from time to time), that the following Resolutions as set out in this Notice is proposed to be passed by the Members of the Company by means of Postal Ballot by way of remote e-voting process. The proposed resolution and Explanatory Statement setting out all material facts relating thereto, as required in terms of Section 102(1) of the Act read with the Rules and the MCA Circulars, are appended below. In compliance with Regulation 44 of the SEBI Listing Regulations and pursuant to the provisions of Sections 108 and 110 of the Act read with the Rules and the MCA Circulars, the manner of voting on the proposed resolutions are restricted only to remote e-voting (“e-voting”) i.e. by casting votes electronically instead of submitting postal ballot forms. The instructions for e-voting are appended to this Notice. The Board of Directors of the Company, at their meeting held on Tuesday, October 27, 2026, has appointed M/s. Mehta and Mehta, Company Secretaries, as the ‘Scrutinizer’, to scrutinize the e-voting process in a fair and transparent manner. Ms. Ashwini Inamdar (Membership No. F9409), Partner and failing her, Ms. Alifya Sapatwala (Membership No. A24091), Partner, will represent M/s. Mehta & Mehta, Company Secretaries. Members holding Equity Shares of the Company on the Cut-off Date mentioned in this Postal Ballot Notice are requested to carefully read the instructions mentioned under the head ‘Information and Instructions for e- voting’ in this Postal Ballot Notice and record their assent (“FOR”) or dissent (“AGAINST”) on the proposed resolution through the e-voting process from 9.00 a.m. (IST) on Wednesday, November 04, 2026 and not later than 5:00 p.m. (IST) on Thursday, December 03, 2026. The Company has engaged the services of KFin Technologies Limited (“KFintech”) for the purpose of providing e-voting facility to its Members. In accordance with the MCA Circulars, the Company has made necessary arrangements to enable the Members to register their e-mail address. Those Members who have not yet registered their e-mail address are requested to register the same by following the procedure set out in this Notice. After completion of scrutiny of the votes cast, the Scrutinizer shall, within two working days or not later than three days from the conclusion of the Postal Ballot, whichever is earlier, submit a consolidated Scrutinizer’s Report of the total votes cast in favour or against, if any, to the Chairman or a person authorised by him. The Chairman or a person authorised by him shall declare the result of the voting forthwith. The result of the Postal Ballot shall be declared on or before Sunday, December 06, 2026. The said results, along with the Scrutinizer’s Report, will be placed on the website of the Company (https://www.sbilife.co.in/en/about-us/investor-relations) & KFintech (https://evoting.kfintech.com) and also displayed at the Registered Office of the Company. The same will also be simultaneously forwarded to the Stock Exchanges where the Equity Shares of the Company are listed, for placing the same on their websites. The resolution, if approved, will be taken as having been duly passed on the last date specified for e-voting i.e. Thursday, December 03, 2026. SPECIAL BUSINESS 1. Approval for appointment of Mr. Nihar Niranjan Jambusaria (DIN: 01808733), as an Independent Director of the Company To consider and, if thought fit, to pass the following resolution as Special Resolution: “RESOLVED THAT pursuant to Sections 149, 150, 152 of Companies Act 2013 (‘Act’), read with Schedule IV and the Companies (Appointment and Qualification of Directors) Rules, 2014, and other applicable notifications issued thereunder and as amended from time to time, Regulations 16(1)(b), 17(1C) and [Showing first 8,000 characters — download PDF for full document]