New MD and CEO appointed; Anup Bagchi resigns to pursue opportunity outside

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

ICICIPRULI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

Mr. Anup Bagchi, MD and CEO, is resigning effective October 13, 2026, to pursue a career opportunity outside the organization. Mr. Sidharatha Mishra, currently at ICICI Bank with 26 years of banking experience, will serve as COO from October 6 and as MD and CEO from October 14, 2026, for five years, subject to IRDAI approval.

Likely market impact

Smooth internal transition within the ICICI Group. No material disruption expected from the leadership change.