Shareholders meeting

August 14, 2026 SBIL/CS/NSE-BSE/2627/85 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 400051 Mumbai 400001 NSE Symbol: SBILIFE BSE Scrip Code: 540719 Dear Sir / Madam, Sub: Summary of proceedings of the 26th Annual General Meeting held on Friday, August 14, 2026 The 26th Annual General Meeting (‘AGM’) of the Company was held on Friday, August 14, 2026 at 02:30 P.M. (IST) and concluded at 04:06 P.M. (IST) (including time allowed for e-voting at AGM), through Video Conference (VC) / Other Audio-Visual Means (OAVM). In this regard, we are enclosing the Summary of proceedings of 26th AGM pursuant to Regulation 30, read with Part A of Schedule - III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings of the AGM are also being hosted on the Company’s website at www.sbilife.co.in You are requested to kindly take the same on record. Thanking you, For SBI Life Insurance Company Limited Girish Manik Company Secretary ACS No. 26391 Encl. A/a Public 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 Summary of proceedings of the 26th Annual General Meeting (‘AGM’) of SBI Life Insurance Company Limited (“the Company”) The 26th Annual General Meeting (“AGM”) of the Company was duly convened on Friday, August 14, 2026 at 02:30 P.M. through Video Conference (“VC”) or Other Audio-Visual Means (“OAVM”) facility. The Meeting was conducted in compliance with the relevant provisions of the Companies Act, 2013, Secretarial Standards, SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), general circulars issued by the Ministry of Corporate Affairs and other circulars issued by Securities & Exchange Board of India (“SEBI”). Mr. Challa Sreenivasulu Setty, Chairman and Non-Executive Director, chaired the meeting. The meeting was attended by 81 members through electronic means i.e. VC/OAVM facility provided by KFin Technologies Limited. Mr. Sangramjit Sarangi, President & Chief Financial Officer, extended a warm welcome to the shareholders, Board members and all others present. The following Directors attended the meeting: 1. Mr. Challa Sreenivasulu Setty, Non-Executive Chairman 2. Mr. Narayan K. Seshadri, Independent Director (Chairman of Board Audit Committee and Board Nomination & Remuneration Committee) 3. Mr. Shobinder Duggal, Independent Director 4. Dr. Tejendra M. Bhasin, Independent Director (Chairman of Stakeholders’ Relationship & Sustainability Committee) 5. Ms. Usha Sangwan, Independent Director 6. Mr. Venugopal Bhaskaran Nayar, Independent Director 7. Mr. Amit Jhingran, Managing Director & CEO Mr. Ramesh Venkateshamurthy, Deputy CEO; Mr. Sangramjit Sarangi, President & Chief Financial Officer; Mr. Prithesh Chaubey, President & Appointed Actuary and Mr. Girish Manik, Company Secretary attended the meeting. Mr. Rajesh Joshi and Ms. Komal Khedekar from M/s. K.S. Aiyar & Co., Mr. J.Singh from M/s. J. Singh & Associates, Joint Statutory Auditors of the Company, Mr. Aashish Bhatt from M/s. Aashish Bhatt & Associates, Practicing Company Secretaries, Secretarial Auditor and Ms. Alifya Sapatwala, Partner of M/s. Mehta & Mehta, Practicing Company Secretaries, Scrutinizers were in attendance. Public 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 President & Chief Financial Officer, informed that the members were provided with the facility to exercise their right to vote by electronic means, through remote e-voting and e-voting at the AGM in accordance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations. The remote e-voting platform was kept open for voting from Monday, August 10, 2026 up to Thursday, August 13, 2026. The Members who had joined the meeting through VC and who had not cast their vote through remote e-voting, were provided the option to vote through e-voting facility made available during the AGM. Managing Director & CEO highlighted the Company’s continued strong performance across key financial and non-financial metrics during the financial year 2025-26. The progress was presented in the Company’s 8th Integrated Annual Report and 4th ESG and BRSR Report. He informed the members that over the past 25 years, the Company has grown into one of India’s most trusted life insurance providers, driven by a customer-first approach and adherence to strong values. In FY 2025-26, the Company achieved growth in Individual New Business Premium and launched new products specially in non-linked product segment. In addition, the Company made significant strides in enhancing digital capabilities, leading to improved operational efficiency and an enriched customer experience. He highlighted the low life insurance penetration in India as a growth opportunity, driven by greater awareness, regulatory support and digital transformation. The Chairman thereafter announced that the quorum for the meeting was present and called the meeting to order. With the permission of the members, the notice convening the meeting was taken as read. The Chairman informed that there were no qualifications, observations or comments on Financial statements or matters which may have any adverse effect on the functioning of the Company in the Auditor’s Report and the Secretarial Auditor in their Report for the financial year ended March 31, 2026. The Chairman then commenced his speech and gave an overview of the operations and the financial performance of the Company during FY 2025-26. Thereafter, shareholders were invited, who had done prior registrations, to speak and ask questions, if any. Responses to the questions raised by the Members was provided by the Chairman. Thereafter, the Chairman concluded his speech by placing on record his appreciation and gratitude to all stakeholders for having reposed their trust and confidence in the Company. The Company had appointed M/s. Mehta & Mehta, Company Secretaries as the Scrutinizer to supervise the e-voting process and to provide combined voting results of remote e-voting and e-voting at the AGM along with the Scrutinizer’s Report in a fair and transparent manner. The Public 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 members were informed that the documents & registers referred to in the notice of the AGM were available for inspection in electronic mode. The following items of business were transacted during the 26th AGM: Sr. No. Resolutions Type of Resolutions Ordinary Business 1 To receive, consider and adopt the Revenue Account, Ordinary Profit and Loss Account, Receipts and Payments Account (Cash Flow Statement) for the financial year ended March 31, 2026 and the Balance Sheet of the Company as at March 31, 2026, together with the reports of the Board of Directors of the Company (“Board”), report of the Statutory Auditors of the Company (“Auditors”) and comments of the Comptroller and Auditor General of India (“C&AG”) 2 To confirm the interim dividend declared by the Company Ordinary on February 25, 2026 as final dividend for the year ended March 31, 2026 3 To consider fixation of remuneration of the Statutory Ordinary Auditors of the Company, to be appointed by the Comptroller and Auditor General of India (“C&AG”) for the financial year 2026-27 pursua [Showing first 8,000 characters — download PDF for full document]