ICICI Prudential Life Insurance Company Limited has informed the Exchange about amendment to the Employees Stock Option Scheme
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ICICI Prudential Life Insurance has informed the stock exchanges about three items approved by the Board on May 16, 2025. First, the 25th Annual General Meeting (AGM) will be held on June 27, 2025, via video conference. Second, the Register of Members will be closed from June 13 to June 27, 2025, to determine eligibility for a final dividend of ₹0.85 per equity share (face value ₹10) for FY2025, with the cut-off date being June 12, 2025. Third, the Board has approved an amendment to the Employee Stock Option Scheme (ESOS), raising the aggregate limit of shares issuable under the scheme from 3.54% to 5.30% of shares issued as on March 31, 2016, subject to shareholder approval.
The ESOS amendment expands the pool of stock options available to employees, which could lead to slight future dilution but is aimed at improving employee retention and motivation. The final dividend of ₹0.85 per share provides a modest return to shareholders pending AGM approval.