ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Allotment of 50518 Shares.
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ICICI Lombard General Insurance Company has allotted 50,518 equity shares of ₹10 each on July 2, 2025, under two employee benefit schemes. Of these, 47,584 shares were issued under the ICICI Lombard Employees Stock Option Scheme - 2005, and 2,934 shares under the ICICI Lombard - Employees Stock Unit Scheme – 2023. The allotment was approved by a Whole-time Director pursuant to the Board's delegation made on July 18, 2023. The new shares will rank pari-passu (equally) with existing equity shares of the company.
This is a routine ESOP allotment with a very small number of shares (50,518) relative to the company's overall share base, so it is unlikely to have any meaningful impact on share price or shareholder value. Shareholders may note a marginal dilution effect.