ICICI Bank Allots 376,461 Equity Shares Under Employee Stock Option Scheme

ICICI Bank has completed the allotment of equity shares under its Employee Stock Option Scheme, marking another milestone in the bank's employee incentive program. The allotment was formally communicated to stock exchanges on February 27, 2026. Share Allotment Details The bank has allotted a total of 376,461 equity shares under the ICICI Bank Employees Stock Option Scheme-2000. Each share carries a face value of Rs.2, representing the bank's commitment to employee participation in its equity growth. Parameter: Details Number of Shares: 376,461 Face Value per Share: Rs.2 Scheme: ICICI Bank Employees Stock Option Scheme-2000 Allotment Date: February 27, 2026 Approval Time: 10:52 a.m. Approval Process The allotment received approval from two Executive Directors of ICICI Bank on February 27, 2026, with the final approval recorded at 10:52 a.m. This approval was granted under the authority delegated by the Board of Directors during their meeting held on October 21, 2023. The formal communication was signed by Prashant Mistry from the Associate Leadership Team and was digitally authenticated on February 27, 2026, at 11:03:17 IST. The bank has notified both BSE Limited and the National Stock Exchange of India Limited about this corporate action as per regulatory requirements. Employee Stock Option Framework The allotment falls under the ICICI Bank Employees Stock Option Scheme-2000, which serves as a key component of the bank's employee retention and incentive strategy. This scheme enables eligible employees to acquire equity stakes in the bank, aligning their interests with shareholder value creation. ICICI Bank Limited has successfully concluded its postal ballot process for the appointment of Ms. Vijayalakshmi Iyer (DIN: 05242960) as an Independent Director. The bank announced on February 25, 2026 that the special resolution was passed by shareholders with requisite majority through remote e-voting. Voting Results and Shareholder Response The postal ballot witnessed significant shareholder participation, with the resolution receiving strong support from the banking community. The detailed voting results demonstrate clear approval for the directorial appointment. Voting Category Members Valid Votes Cast Percentage In Favour 8010 437,18,59,967 75.96% Against 1406 138,38,81,662 24.04% Invalid/Abstain 167 1,49,42,091 - Appointment Details and Tenure Ms. Vijayalakshmi Iyer's appointment as Independent Director is effective from December 1, 2025 and will continue up to May 31, 2030. The appointment was processed through a comprehensive postal ballot notice dated January 17, 2026, ensuring full compliance with regulatory requirements. Regulatory Compliance and Process The postal ballot was conducted in strict adherence to Section 110 read with Section 108 of the Companies Act, 2013, along with applicable rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank utilized KFin Technologies Limited's remote e-voting facility to enable shareholders to cast their votes electronically. Key process parameters included: Cut-off Date: January 19, 2026 for determining eligible shareholders Voting Period: January 27, 2026 (9:00 a.m. IST) to February 25, 2026 (5:00 p.m. IST) ADS Cut-off Date: January 30, 2026 for American Depository Shares holders Scrutinizer's Certification Alwyn D'Souza of Alwyn D'Souza & Co., Company Secretaries, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer confirmed that votes were unblocked on February 25, 2026 at 5:01 p.m. IST in the presence of two independent witnesses, ensuring transparency and regulatory compliance. The bank has submitted the voting results in XBRL format as prescribed under Regulation 44 of SEBI regulations to BSE Limited, National Stock Exchange of India Limited, and other international exchanges including NYSE, SIX Swiss Exchange, Singapore Stock Exchange, and Japan Securities Dealers Association. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. 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