ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Allotment of 120501 Shares.
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ICICI Lombard General Insurance Company has allotted 120,501 equity shares of ₹10 each on May 15, 2025. Of these, 100,425 shares were issued under the ICICI Lombard Employees Stock Option Scheme - 2005, and 20,076 shares under the ICICI Lombard - Employees Stock Unit Scheme - 2023. The allotment was approved by a Whole-time Director pursuant to the Board's delegated authority from July 18, 2023. The newly issued shares will rank equally with existing equity shares in all respects.
This is a routine ESOP allotment causing negligible dilution. No material impact expected on share price or shareholder value.