ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Allotment of 162038 Shares.
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ICICI Lombard General Insurance Company has allotted 162,038 equity shares of ₹10 each on July 25, 2025. Of these, 159,050 shares were issued under the ICICI Lombard Employees Stock Option Scheme 2005, and 2,988 shares under the Employees Stock Unit Scheme 2023. The allotment was approved by a Whole-time Director, exercising authority delegated by the Board at its July 18, 2023 meeting. The new shares will rank equally with existing equity shares of the company.
This is a routine ESOP allotment that results in minor dilution for existing shareholders. The size is very small relative to the company's overall share base, so the impact on stock price or shareholder value is negligible.