ICICI Prudential Life Insurance Company Limited has informed the Exchange regarding Change in Auditors of the company.
ICICIPRULI · price
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The board of ICICI Prudential Life Insurance approved audited financial results for Q4 and FY26, reporting a net profit of ₹608.81 crore in Q4 FY26 and ₹1,600.36 crore for the full year (up from ₹1,189.06 crore in FY25). Basic EPS stood at ₹4.20 for Q4 and ₹11.06 for FY26, with solvency ratio strengthening to 227.3%. A final dividend of ₹1.65 per share was recommended, subject to shareholder approval. Walker Chandiok & Co LLP will retire as joint statutory auditor after completing the mandatory 10-year term, with Chaturvedi & Co LLP proposed as the new joint statutory auditor for four years. Two senior management personnel — Head of Corporate Communications Rajiv Adhikari and Chief Products and Distribution Officer Amit Palta — are resigning effective May 31 and June 1, 2026 respectively, while internal candidate Amish Banker (currently Chief Operations Officer) has been appointed as Chief Distribution Officer. The board also approved 3.4 million ESOPs at ₹547 per option and 0.5 million stock units at ₹10 per unit.
Strong full-year results and higher dividend reflect business growth and capital strength. The auditor change is a routine regulatory rotation, not a red flag, but the simultaneous exit of two C-suite leaders is notable — though the internal appointment partly mitigates transition risk.