The Company has allotted 255,615 equity shares under the Employees Stock Option Scheme (2005) and the Employees Stock Unit Scheme (2023).
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ICICI Prudential Life Insurance has allotted 255,615 equity shares of ₹10 face value each on May 12, 2026. Of these, 252,270 shares were allotted under the Employees Stock Option Scheme (2005) and 3,345 shares under the Employees Stock Unit Scheme (2023). The allotment was approved by the Managing Director & CEO under authority delegated by the Board in January 2019. The newly allotted shares will rank equally (pari-passu) with existing equity shares of the company.
This is a routine issuance under employee compensation schemes and has no direct impact on the stock price or shareholder value, as it represents a relatively small number of shares being allocated to employees.