ICICI Bank allotted 3,001,435 equity shares of Rs.2 face value each on April 17, 2026 under its Employee Stock Option Scheme-2000. The allotment was approved by two Directors at 11.52 a.m. using authority delegated by the Board of Directors from their October 21, 2023 meeting. This routine corporate action enables eligible employees to convert stock options into equity shares, providing them with ownership participation in the bank's performance.

ICICI Bank Allots 3,001,435 Equity Shares Under Employee Stock Option Scheme

ICICI Bank has completed the allotment of 3,001,435 equity shares under its Employee Stock Option Scheme-2000, as communicated to the stock exchanges on April 17, 2026. The allotment represents a significant employee stock option conversion, providing eligible employees with equity participation in the bank.

Share Allotment Details

The bank has provided comprehensive details regarding the equity share allotment:

Parameter: Details Number of Shares: 3,001,435 equity shares Face Value: Rs.2 each Allotment Date: April 17, 2026 Scheme: ICICI Bank Employees Stock Option Scheme-2000 Approval Time: 11.52 a.m.

Approval Process and Authority

The allotment received approval from two Directors of the bank, with the approval process completed at 11.52 a.m. on April 17, 2026. This approval was granted under the authority delegated by the Board of Directors during their meeting held on October 21, 2023.

The delegation of authority allows the bank to efficiently process employee stock option conversions without requiring full Board approval for each allotment, streamlining the administrative process for the Employee Stock Option Scheme.

Employee Stock Option Scheme Framework

The ICICI Bank Employees Stock Option Scheme-2000 serves as the framework under which these equity shares were allotted. Employee stock option schemes are designed to:

Provide employees with equity participation in the bank's growth

Align employee interests with shareholder value creation

Serve as a retention and motivation tool for key personnel

Enable employees to benefit from the bank's long-term performance

The scheme allows eligible employees to convert their vested stock options into equity shares of the bank at predetermined exercise prices and conditions.

Corporate Communication

The bank has formally communicated this allotment to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with regulatory disclosure requirements. The communication was signed by Chetan Pawar from the Associate Leadership Team, maintaining proper corporate governance protocols for such announcements.

ICICI Bank has announced that its Board of Directors will convene on April 18, 2026, to consider significant financial initiatives including fund raising through debt securities and potential buyback of existing debt securities. The bank made this disclosure through a formal communication to stock exchanges on April 13, 2026, updating its earlier letter dated March 18, 2026.

Board Meeting Agenda

The upcoming board meeting will address two primary financial matters that require board approval:

Initiative: Details Fund Raising: Issuance of debt securities including non-convertible debentures in domestic markets through private placement Overseas Issuance: Bonds, notes, and offshore certificate of deposits in international markets Debt Buyback: Buyback of debt securities within board-authorized limits under applicable law

Regulatory Compliance

The bank has positioned this disclosure as compliance under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Prachiti Lalingkar, Company Secretary, and formally submitted to both BSE Limited and National Stock Exchange of India Limited.

Market Notifications

ICICI Bank has ensured comprehensive market communication by notifying multiple international exchanges about the upcoming board deliberations:

New York Stock Exchange (NYSE)

Japan Securities Dealers Association

Singapore Stock Exchange

SIX Swiss Exchange Ltd.

The bank's proactive approach to regulatory disclosure demonstrates its commitment to transparency across all markets where its securities are listed. The April 18, 2026 board meeting represents a continuation of the bank's strategic financial planning initiatives that were initially outlined in its March 18, 2026 communication to exchanges.

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