ICICI Bank Limited has completed the redemption of all residual units in ICICI Strategic Investments Fund, effectively ending the fund's status as a group entity of the bank. The redemption was completed on March 25, 2026, as disclosed in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Structure and Management

The ICICI Strategic Investments Fund was managed by ICICI Venture Funds Management Company Limited, which operates as a wholly owned subsidiary of ICICI Bank Limited. The bank maintained complete ownership of the fund by holding 100% of its units, which required the fund's financials to be consolidated with the bank's financial statements in accordance with Accounting Standard 21.

Regulatory Compliance

The bank has notified multiple stock exchanges about this corporate development, ensuring compliance with disclosure requirements across various jurisdictions. The notification was sent to major exchanges where ICICI Bank maintains listings, demonstrating the bank's commitment to transparent communication with stakeholders.

Impact on Group Structure

With the complete redemption of all residual units, the ICICI Strategic Investments Fund no longer qualifies as a group entity of ICICI Bank Limited. This change in corporate structure eliminates the requirement for consolidating the fund's financials with the bank's accounts, potentially simplifying the bank's financial reporting processes.

The disclosure was signed by Prachiti Lalingkar, Company Secretary of ICICI Bank Limited, and has been formally communicated to all relevant regulatory authorities and stock exchanges for record-keeping purposes.

ICICI Bank has announced the allotment of equity shares under its Employee Stock Option Scheme, marking another milestone in the bank's employee incentive program. The allotment was completed on March 25, 2026, following proper corporate governance procedures.

Share Allotment Details

The bank has allotted a significant number of equity shares to employees under its established stock option scheme. The allotment represents part of the bank's ongoing commitment to employee participation in the organization's growth.

Approval Process

The allotment received proper authorization through the bank's established governance framework. Two Executive Directors approved the share allotment, exercising powers that were formally delegated to them by the Board of Directors.

The Board of Directors had originally delegated these powers during their meeting held on October 21, 2023, enabling the Executive Directors to approve such allotments under the employee stock option scheme.

Corporate Communication

ICICI Bank formally communicated this development to both major stock exchanges in India. The notification was sent to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex.

The communication was signed by Prashant Mistry from the Associate Leadership Team, ensuring proper documentation and regulatory compliance for this corporate action.