The Board of Directors of SBI Life Insurance Company Ltd. met on February 25, 2026, approving an interim dividend of ₹2.70 per share (27% on a face value of ₹10) for FY 2025-26. The Board also agreed to seek shareholder approval via Postal Ballot for routine, arm’s-length related party transactions planned for FY 2026-27 with entities like the State Bank of India and its subsidiaries. The record date for the dividend is set for March 06, 2026.
Key Board Decisions on February 25, 2026
The Board of Directors of SBI Life Insurance Company Ltd. convened on February 25, 2026, between 05:45 P.M. and 06:05 P.M., where two primary items were approved. These decisions relate to shareholder returns and ongoing corporate governance concerning material transactions.
Declaration of Interim Dividend
The Board formally declared an interim dividend for the Financial Year 2025-26. The quantum approved is Rs 2.70/- (Two Rupees and Seventy Paisa only) per equity share. This represents a rate of 27% on the face value of Rs. 10/- per share. The payment is contingent upon the Record Date of Friday, March 06, 2026. The dividend is slated to be paid to eligible shareholders on or before Friday, March 27, 2026.
Approval for Postal Ballot Notice
Shareholder approval is being sought through a Postal Ballot for the authorization of specific ‘special business.’ This relates to several Material Related Party Transactions that the Company anticipates entering into during the Financial Year 2026-27. These transactions must occur in the ordinary course of business and be conducted on an arm’s length basis.
Entities Involved in Proposed Transactions
The necessary shareholder consent covers proposed transactions with the following related parties:
- State Bank of India
- SBI DFHI Limited
- SBI Capital Markets Limited
- Yes Bank Limited
Postal Ballot Timeline
The Notice of Postal Ballot will be circulated electronically on Saturday, February 28, 2026, to all shareholders of record as of Friday, February 20, 2026 (Cut-off Date). The e-Voting period is scheduled to commence at 09:00 A.M. (IST) on Sunday, March 01, 2026, and will conclude at 05:00 P.M. (IST) on Monday, March 30, 2026.
Source: BSE
