Outcome of Board Meeting held on March 26, 2026
ICICIAMC · price
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The board of ICICI Prudential Asset Management Company (ICICI AMC) met on March 26, 2026, and accepted the resignation of Mr. Guillermo Eduardo Maldonado-Codina (DIN: 10178467) as Director, effective from close of business on March 30, 2026. The board also approved the appointment of Mr. Rajeev Mittal (DIN: 03469388) as Non-Executive (Additional) Director, effective March 31, 2026, subject to shareholder approval. Mr. Rajeev Mittal is currently the CEO and Board member of Eastspring Investments Group (part of the Prudential Group) and brings over 30 years of asset management experience, including senior leadership roles at Fidelity International, AIG, and PineBridge Investments. The change is part of a routine succession on the board with no operational or financial impact disclosed.
This is a routine board-level personnel change with no impact on the company's financials, business operations, or shareholder value. Investors should note that the incoming director is from the parent Prudential Group, reinforcing continued promoter involvement in governance.