The Company has allotted 97,746 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 97,746 equity shares of ₹10 face value each on May 5, 2026. Of these, 95,650 shares were allotted under the Employees Stock Option Scheme (2005) and 2,096 shares under the Employees Stock Unit Scheme (2023). The allotment was approved by the Managing Director & CEO under authority delegated by the Board on January 22, 2019. The newly allotted shares will rank pari-passu with existing equity shares.
This is a routine employee compensation event with no material impact on shareholding or stock price. The dilution from ~97,746 shares is minimal relative to the company's total share capital.