CEO Anup Bagchi resigns; Sidharatha Mishra named new MD and CEO

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF Explain this filing

ICICIPRULI · price

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Price reactionminutes from the announcement price · days from the prior close

+1.5%Reaction day

₹448.05

prior close

₹448.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.5%+1.0% vs market

Life Insurance peers, median of 5sector-0.8%+2.3% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Midcap 150 and 2.3 pts more than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+0.7

15m

+1.3

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+0.5+1.0-0.8+2.3

Next day

+2.5+1.6+0.9-0.5+3.0

+2.2+0.9+1.3+0.6+1.6

+2.0-1.5+3.5-2.3+4.3

+3.3-0.2+3.5-2.1+5.4

+3.4-0.1+3.5-2.4+5.8

-0.8+0.8-1.7-4.2+3.3

15d

-8.6pendingpending-5.1-3.4

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UpDownMarket · Nifty Midcap 150Sector · Life Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board accepted Mr Anup Bagchi's resignation as MD and CEO, effective close of business on October 13, 2026. Bagchi, a three decade ICICI Group veteran, leaves to pursue a career outside the organization. The board appointed Mr Sidharatha Mishra as COO from October 6, then as MD and CEO from October 14, 2026, subject to IRDAI approval, for five years. Mishra has 26 years of banking experience and heads digital channels at ICICI Bank.

Likely market impact

Planned leadership transition with internal group candidate; continuity likely, focus on IRDAI approval and strategy continuity.