Senior management reshuffle: CRO exits, new CRO and CCO appointed

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

ICICIPRULI · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹626.00

prior close

₹629.05

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.7%+0.6% vs market

Life Insurance peers, median of 5sector+0.2%-1.3% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Midcap 150 and 1.3 pts less 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

+0.1

10m

+0.5

15m

+0.6

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.7+0.6+0.2-1.3

Next day

-0.4-1.3+0.9-0.8+0.4

+2.8-2.3+5.0-0.4+3.2

+1.5-1.4+2.9-1.1+2.5

+3.6-0.3+3.8+0.6+3.0

+3.4-0.3+3.8+0.5+3.0

+0.8-1.6+2.4-1.7+2.4

15d

+4.7-0.7+5.4-2.6+7.3

+9.3-0.1+9.4+0.1+9.2

+3.4+0.3+3.1+2.7+0.6

-3.5-6.6+3.1-5.1+1.6

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

ICICI Prudential Life Insurance has reorganized its senior management. Chief Risk and Governance Officer Deepak Kinger will resign from end of day December 7, 2025, moving to a new role within ICICI Group. Anand Desai, the current CCO, will be redesignated as Chief Risk Officer from December 8, 2025. Manish Bhandari has been appointed as new CCO for three years from December 8, 2025. The company says this strengthens its leadership team.

Likely market impact

Internal leadership reshuffle. The outgoing CRO moves to another ICICI Group role. Successors are already in place for CRO and CCO. No major concern for shareholders.