ICICI Lombard General Insurance Company Limited has informed the Exchange about grant of upto 1.7 million stock options under ICICI Lombard-Employees Stock Options Scheme-2005 and grant of upto 1.05 million stock units under ICICI Lombard-Employees Stock UnitScheme-2023.
ICICIGI · price
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ICICI Lombard reported strong FY2026 results with Net Premium Written of ₹2,33,745 lakhs (up 12.6% YoY) and Profit After Tax of ₹27,719 lakhs (up 10.5% YoY). Basic EPS improved to ₹55.74 from ₹50.74. The Board recommended a final dividend of ₹7 per share (70% of face value). B S R & Co. LLP was appointed as new Joint Statutory Auditor for 4 years, replacing PKF Sridhar & Santhanam LLP which completed its term. Mr. Shyam Srinivasan, former MD & CEO of Federal Bank, was appointed as Additional Non-executive Independent Director for 5 years. The company also granted up to 1.7 million stock options (exercise price ₹1,782.20) and 1.05 million stock units (face value ₹10) to employees, vesting over 3 years in 30%-30%-40% ratio.
Positive for shareholders - strong profitability growth and increased dividend signal healthy business performance. Appointment of experienced Mr. Shyam Srinivasan as Independent Director strengthens the Board. Employee stock option grants help retain talent but cause dilution.