ICICI Prudential Life Insurance Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 27, 2025
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ICICI Prudential Life Insurance has notified the 25th AGM to be held on Friday, June 27, 2025, at 3:30 p.m. IST via video conference, along with the FY2025 Annual Report including the Business Responsibility and Sustainability Report (BRSR). The board has recommended a final dividend of ₹0.85 per equity share (face value ₹10) for FY2025, with a record date of June 12, 2025, to be paid within 30 days of AGM approval. Key resolutions include adoption of standalone and consolidated FY2025 financial statements, re-appointment of Mr. Anuj Bhargava (retiring by rotation), appointment of Parikh & Associates as Secretarial Auditor for five years (FY2026–FY2030), approval of material related party transactions with ICICI Bank and promoter group entities, and remuneration approval for MD & CEO Mr. Anup Bagchi (basic salary ₹31.47 lakh, allowances ₹22.79 lakh, retirals ₹11.12 lakh, plus performance bonus up to 70% of fixed pay). A special resolution seeks to amend the ESOP scheme to raise the share issuance cap from 3.54% to 5.30% of shares issued as on March 31, 2016. Remote e-voting will be open from June 24, 2025 (9:00 a.m.) to June 26, 2025 (5:00 p.m.) via NSDL.
Shareholders holding shares as of June 12, 2025 will be eligible for the ₹0.85 final dividend. The AGM items are largely routine governance matters, but the proposed increase in ESOP pool and sizable related party transaction limits (up to ₹150 billion with ICICI Bank for securities transactions) are notable and will require shareholder approval.