ICICI Lombard General Insurance Company Limited has informed the Exchange regarding Allotment of 171062 Shares.
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ICICI Lombard has allotted 171,062 equity shares of ₹10 each on June 12, 2025 under two employee benefit schemes: 164,113 shares under the ICICI Lombard Employees Stock Option Scheme 2005 and 6,949 shares under the ICICI Lombard Employees Stock Unit Scheme 2023. The allotment was approved by a Whole-time Director under board authority granted on July 18, 2023. The newly issued shares will rank equally with existing equity shares in all respects. This is a routine ESOP-related allotment and is part of the company's ongoing employee incentive programme.
This is a small, routine ESOP allotment causing marginal dilution of shareholding. It is unlikely to have any meaningful impact on the stock price or existing shareholders' value.