ICICI Prudential Life Insurance Allots 97,746 Equity Shares Under Employee Stock Option Schemes

ICICI Prudential Life Insurance Company Limited has allotted 97,746 equity shares of face value ₹10 each on May 5, 2026, under its employee stock option schemes. The allotment was approved by the Managing Director & CEO of the company at 1:03 p.m. IST, pursuant to authority delegated by the Board of Directors at its meeting held on January 22, 2019.

Scheme-wise Allotment Breakdown

The total allotment of 97,746 equity shares was distributed across two distinct employee stock schemes. The following table provides a detailed breakdown of the allotment:

Scheme: Shares Allotted Employees Stock Option Scheme (2005): 95,650 equity shares Employees Stock Unit Scheme (2023): 2,096 equity shares Total Allotted: 97,746 equity shares

Allotment Details and Ranking

The newly allotted equity shares carry a face value of ₹10 each and shall rank pari-passu with the existing equity shares of the company. This means the allotted shares carry the same rights and entitlements as the currently outstanding equity shares of ICICI Prudential Life Insurance. The intimation of this allotment was formally communicated to both BSE Limited and the National Stock Exchange of India Limited on May 5, 2026, by Company Secretary Priya Nair (ACS 17769), in compliance with applicable listing requirements.

ICICI Prudential Life Insurance Company Limited has completed the allotment of equity shares under its Employee Stock Option and Stock Unit schemes, marking a continued commitment to its employee compensation strategy. The company informed stock exchanges about this corporate action through an official communication on May 5, 2026.

Share Allotment Details

The company allotted a total of 97,746 equity shares of face value ₹10 each on May 5, 2026, across two employee benefit schemes. The allotment specifics are outlined in the following table:

Parameter: Details Total Shares Allotted: 97,746 equity shares Face Value: ₹10 each Allotment Date: May 5, 2026 Approval Time: 1:03 p.m. IST

Scheme-Wise Breakdown

The allotment was distributed across two distinct employee benefit schemes. The scheme-wise breakdown is as follows:

Scheme: Shares Allotted Employees Stock Option Scheme (2005): 95,650 equity shares Employees Stock Unit Scheme (2023): 2,096 equity shares

Approval and Authorization

The allotment received approval from the Managing Director & CEO of the company on May 5, 2026. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on January 22, 2019. The delegation of authority allows the management to execute employee stock option allotments without requiring fresh board approval for each instance.

Share Rights and Regulatory Compliance

The newly allotted equity shares rank pari-passu with the existing equity shares of the company, ensuring that employees receiving these shares have the same voting rights, dividend entitlements, and other shareholder benefits as existing equity shareholders. The company fulfilled its disclosure obligations by informing both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this allotment. The communication was signed by Company Secretary Priya Nair and includes all necessary details required under regulatory guidelines for such corporate actions.

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