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SBI Life approves director appointment, related party transactions

April 1, 2025 at 07:02 PM UTCBy FilingReader AI

SBI Life Insurance Company (BSE: SBILIFE) announced the results of its recent postal ballot, revealing the approval of several key resolutions. Shareholders have approved the appointment of Mr. Venugopal Bhaskaran Nayar (DIN: 02638597) as an Independent Director. Additionally, resolutions for entering into Material Related Party Transactions, specifically for the purchase or sale of investments and with State Bank of India, were also approved. The remote e-voting process, which commenced on March 2, 2025, and concluded on March 31, 2025, saw significant shareholder participation. Independent scrutinizer Mehta & Mehta confirmed that resolutions passed with requisite majority, with 99.99% of valid votes cast in favor of appointing the independent director. Similarly, the related party transactions resolutions were passed with over 99.99% support.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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