ICICI Bank Allots Equity Shares Under ESOP

ICICI Bank has carried out two separate equity share allotments under its employee stock schemes. On May 5, 2026, the bank allotted 1,083,096 equity shares of face value Rs. 2 each under the ICICI Bank Employees Stock Option Scheme-2000, with the allotment formally approved by two Executive Directors at 02.02 p.m. Subsequently, on May 8, 2026, the bank allotted an additional 66,061 equity shares of face value ₹ 2 each under the ICICI Bank Employees Stock Unit Scheme-2022, approved by two Executive Directors at 12.10 p.m. Both allotments were made pursuant to the authority delegated by the Board of Directors at its meeting held on October 21, 2023.

Allotment Details

The key parameters of both allotments are summarised below:

Parameter: ESOP-2000 Allotment ESUS-2022 Allotment Allotment Date: May 5, 2026 May 8, 2026 Number of Shares Allotted: 1,083,096 66,061 Face Value per Share: Rs. 2 ₹ 2 Scheme: ICICI Bank Employees Stock Option Scheme-2000 ICICI Bank Employees Stock Unit Scheme-2022 Approval Time: 02.02 p.m. (time of last approval) 12.10 p.m. (time of last approval) Board Delegation Date: October 21, 2023 October 21, 2023

Regulatory Disclosure

Both allotments were communicated to BSE Limited and the National Stock Exchange of India Limited as part of the bank's regulatory disclosure obligations. The May 5, 2026 allotment communication was signed by Vivek Ranjan from the Leadership Team of ICICI Bank Limited, based at ICICI Bank Towers, Bandra-Kurla Complex, Mumbai - 400 051. The May 8, 2026 allotment communication was signed by Prashant Mistry, Associate Leadership Team, ICICI Bank Limited.

ICICI Bank has disclosed that the Securities and Exchange Board of India (SEBI) issued an administrative warning to the bank via a letter dated May 4, 2026, received on the same day at 4:07 p.m. The warning pertains to certain non-compliances identified in relation to the bank's activities as a depository participant. The disclosure was made to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 5, 2026.

Nature of the Regulatory Action

The administrative warning was issued by SEBI in connection with ICICI Bank's functioning as a depository participant under the SEBI (Depositories and Participants) Regulations, 2018. The non-compliances were identified during a periodic inspection carried out by SEBI jointly with the depositories. The bank has not disclosed the specific nature of the non-compliances in its regulatory filing.

Key details of the regulatory communication are summarised below:

Parameter: Details Regulatory Authority: Securities and Exchange Board of India (SEBI) Type of Action: Administrative Warning Date of SEBI Letter: May 4, 2026 Date of Receipt: May 4, 2026, at 4:07 p.m. Applicable Regulation: SEBI (Depositories and Participants) Regulations, 2018 Inspection Type: Periodic Inspection (jointly with depositories) Disclosure Regulation: Regulation 30, SEBI (LODR) Regulations, 2015

Bank's Response and Impact Assessment

ICICI Bank stated in its disclosure that it is in the process of taking necessary corrective action in response to the observations raised by SEBI. The bank has explicitly noted that there is no material impact on its financial, operational, or other activities as a result of this administrative warning. The disclosure was signed by Prachiti Lalingkar, Company Secretary, on May 5, 2026.

The communication was addressed to the listing departments of both BSE Limited and the National Stock Exchange of India Limited, with copies also sent to the New York Stock Exchange (NYSE), SIX Swiss Exchange Ltd., Singapore Stock Exchange, and Japan Securities Dealers Association.

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