ICICI Lombard Allots 103,173 Equity Shares Under ESOP Schemes

ICICI Lombard General Insurance Company Limited has announced the allotment of 103,173 equity shares of ₹10 each under its employee stock option schemes. The allotment was approved on May 6, 2026, by a Whole-time Director of the company, exercising the authority delegated by the Board of Directors during its meeting held on July 18, 2023.

Breakdown of Allotted Shares

The equity shares were allotted under two specific schemes. The following table provides a detailed breakdown of the distribution:

Scheme Name Equity Shares Allotted ICICI Lombard Employees Stock Option Scheme - 2005 75,627 ICICI Lombard - Employees Stock Unit Scheme - 2023 27,546 Total 103,173

Details of the Allotment

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects. This means that the new shares will carry the same rights, privileges, and obligations as the outstanding shares. The approval process was completed at 04:14 a.m. on the date of allotment, ensuring compliance with the regulatory framework and internal governance standards.

Company Information

ICICI Lombard General Insurance Company Limited, regulated by IRDA with registration number 115, continues to strengthen its employee ownership through such initiatives. The company's registered office is located at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400 025. Further details regarding the allotment can be accessed on the company's official website.

ICICI Lombard General Insurance Company Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with approximately 1,66,882 shares changing hands at a price of ₹1,795.50 per share, aggregating to a total transaction value of ₹29.96 crores.

Block Trade Details

The following table summarises the key parameters of the block trade executed on the NSE:

Parameter: Details Exchange: NSE Number of Shares: ~1,66,882 Trade Price: ₹1,795.50 per share Total Trade Value: ₹29.96 crores

Block trades of this scale are typically executed by institutional investors or large market participants and are carried out outside the regular order book to minimise market impact. The transaction in ICICI Lombard General Insurance reflects significant interest from large-scale investors in the company's stock on the NSE.

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