ICICI Prudential Life Insurance Company Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for FY2025'.
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ICICI Prudential Life Insurance has informed the exchanges about its 25th AGM, scheduled for Friday, June 27, 2025, at 3:30 p.m. IST via video conferencing. The Annual Report for FY2025, which includes the Business Responsibility and Sustainability Report (BRSR), has been filed and uploaded on the company's website. Shareholders on the record date of June 12, 2025 will be eligible for a final dividend of ₹0.85 per equity share (face value ₹10), payable within 30 days of the AGM, subject to shareholder approval. Key business to be transacted includes adoption of audited financial statements, re-appointment of Mr. Anuj Bhargava as a director, approval of CEO Mr. Anup Bagchi's remuneration (basic pay of about ₹31.5 lakh per annum, allowances of about ₹22.8 lakh, retirals of about ₹11.1 lakh, and performance bonus up to 70% of fixed pay), and an amendment to the ESOP scheme to raise the share issuance cap from 3.54% to 5.30% of shares issued as on March 31, 2016.
The proposed final dividend of ₹0.85 per share is modest, translating to a low single-digit yield at current prices. The ESOP amendment could result in incremental equity dilution over time. The material related party transactions with ICICI Bank (up to ₹150 billion in securities and ₹25 billion in credit facilities) are arm's length and routine for a promoter-driven group. The CEO remuneration and other items are largely procedural; no material negative surprise is expected for shareholders.