ICICI Bank has allotted 8,906 equity shares with a face value of 2 rupees each on March 4, 2026, under the ICICI Bank Employees Stock Unit Scheme-2022. The allotment was approved by two Executive Directors earlier the same day.

ICICI Bank Allots 8,906 Equity Shares Under Employee Scheme

ICICI Bank Issues New Equity Shares to Employees Under Stock-Based Compensation Program

ICICI Bank has recently taken a significant step to reward its employees under its stock-based compensation program, ICICI Bank Employees Stock Unit Scheme-2022. As part of this initiative, the bank has issued new equity shares to eligible employees, further solidifying its commitment to employee incentives.

Key Details of the Share Allotment:

Total Shares Allotted: 8,906 equity shares
Face Value per Share: 2 Rupees
Date of Allotment: March 4, 2026
Time of Final Approval: 11:13 a.m.

The ICICI Bank Employees Stock Unit Scheme-2022 is designed to provide equity-based incentives to eligible employees, aligning their interests with the bank's long-term performance and shareholder value. The scheme is an integral part of ICICI Bank's broader employee incentive framework.

Background on the Share Allotment Process:

The authority to approve the allotment was delegated by the bank's Board of Directors during their meeting on October 21, 2023. This delegation enabled the Executive Directors to approve share allotments under the employee stock unit scheme.

The issuance of shares was subsequently approved by two Executive Directors on March 4, 2026. This marks the latest allotment under ICICI Bank's employee stock unit scheme, reflecting the bank's ongoing use of such programs to distribute equity incentives to eligible participants under its approved compensation structure.