ICICI Lombard General Insurance Company Limited has made a regulatory disclosure regarding its investment in HDFC Bank Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The investment represents part of the insurer's ongoing investment strategy in the banking sector.

Investment Details

The company acquired shares worth ₹0.39 billion in HDFC Bank on March 19, 2026, through cash consideration. This acquisition was conducted in multiple tranches over a period of time as part of the company's ordinary investment function.

Target Entity Profile

HDFC Bank Limited, the target of this investment, stands as India's largest private sector bank with significant market presence. The bank was incorporated on August 30, 1994, and offers comprehensive banking services covering commercial and investment banking on the wholesale side, along with transactional and branch banking on the retail side.

Financial Performance Overview

HDFC Bank has demonstrated robust financial growth over the past three years, with significant expansion in its turnover figures.

Regulatory Compliance

The investment does not constitute a related party transaction, and no governmental or regulatory approvals were required for this acquisition. However, ICICI Lombard's promoter and promoter group entities may have investment and other business-related transactions or arrangements with HDFC Bank at arm's length.

Strategic Context

The acquisition aligns with ICICI Lombard's investment strategy, being made in the ordinary course of the company's investment function. The investment in HDFC Bank, while representing a small percentage of ownership at 0.05%, provides exposure to India's leading private banking franchise with its established market position and growth trajectory.

ICICI Lombard General Insurance Company Limited has announced the allotment of 91,272 equity shares under its employee stock option schemes on March 12, 2026. The allotment represents the company's ongoing commitment to employee incentivization through equity participation programs.

Share Allotment Details

The company allotted a total of 91,272 equity shares of ₹10 each across two distinct employee stock schemes. The allotment was structured as follows:

Approval and Authorization

The share allotment received approval from a Whole-time Director of the company on March 12, 2026, at 01:46 p.m. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on July 18, 2023.

Share Characteristics

The newly allotted equity shares carry the following characteristics:

• Face Value: ₹10 per share
• Ranking: Pari-passu with existing equity shares
• Rights: Equal in all respects to current equity shares

Corporate Communication

The company has formally communicated this allotment to both BSE Limited and National Stock Exchange of India Limited through official correspondence signed by Company Secretary Vikas Mehra. The information has also been made available on the company's official website at www.icicilombard.com for stakeholder reference.

This allotment reflects the company's structured approach to employee compensation and retention through equity-based incentive schemes, utilizing both its established 2005 scheme and the more recent 2023 employee stock unit program.