The Company has allotted 29,301 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 29,301 equity shares of face value ₹10 each on May 19, 2026. Of these, 9,900 shares were allotted under the Employees Stock Option Scheme (2005) and 19,401 shares under the Employees Stock Unit Scheme (2023). The allotment was approved by the Managing Director & CEO at 2:21 p.m. IST under board authority delegated on January 22, 2019. The new shares will rank equally with existing equity shares of the company.
This is a routine employee compensation exercise with minimal share dilution. The impact on the company's stock or shareholder value is negligible given the small number of shares relative to total outstanding shares.