ICICI Prudential Asset Management Company Limited has informed the Exchange regarding Appointment of Mr Rajeev Mittal as Non- Executive Director of the company w.e.f. March 31, 2026.
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ICICI Prudential AMC's board, at its meeting on March 26, 2026, accepted the resignation of Mr. Guillermo Eduardo Maldonado-Codina as Director, effective end of business on March 30, 2026. He also stepped down from the Nomination and Remuneration Committee. To fill the vacancy, the board approved the appointment of Mr. Rajeev Mittal as Non-Executive (Additional) Director with effect from March 31, 2026, subject to shareholder approval. Mr. Mittal is currently the CEO of Eastspring Investments Group (the Prudential group's asset management arm) and brings over 30 years of global asset management experience from roles at Fidelity International and PineBridge Investments. The change is a like-for-like board-level swap with no change in management or operations.
This is a routine, non-executive board reshuffle with no impact on the company's day-to-day fund management, financials, or strategy. Shareholders are unlikely to see any meaningful stock price reaction; the new appointee is a senior Prudential group executive, so alignment with the parent company's interests is maintained.