ICICI Prudential Life Insurance has completed the electronic dispatch of postal ballot notices to eligible members, initiating the remote e-voting process for its proposed name change. The company seeks shareholder approval to rename itself from 'ICICI Prudential Life Insurance Company Limited' to 'ICICI Life Insurance Limited'.

The Postal Ballot Notice was sent electronically on Thursday, August 20, 2026, to all members whose email addresses were registered with the company or depositories as of the cut-off date of Friday, August 14, 2026. This action follows the publication of the notice in Financial Express and Loksatta on August 21, 2026, confirming the completion of despatch.

Voting Process and Eligibility

The vote will be conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). No physical voting is permitted. Members holding equity shares as on the cut-off date are entitled to cast their votes.

Key details regarding the voting mechanism include:

• Voting Method: Remote e-voting only via www.evoting.nsdl.com .
• Eligibility: Shareholders on record as of August 14, 2026.
• Access: The notice is available on the company's website under the Shareholder Information section, as well as on the BSE and NSE websites.
• Scrutinizer: Mr. Alwyn D'Souza (Membership No. F 5559), Proprietor of M/s. Alwyn D'souza & Co., has been appointed as the Scrutiniser. Mr. Jay D'Souza (Membership No. F 3058) serves as the alternate Scrutiniser.

Timeline and Results

The remote e-voting period will commence on Friday, August 21, 2026, at 9:00 am and conclude on Saturday, September 19, 2026, at 5:00 pm. Once a vote is cast, it cannot be changed.

After completion of the scrutiny of votes, the Scrutiniser shall submit a consolidated report. The results of the Postal Ballot will be declared on or before Tuesday, September 22, 2026. The resolution, if approved, shall be deemed passed on the last date specified for remote e-voting, i.e., September 19, 2026.

Rationale for Name Change

The proposed name change aligns the company's corporate identity with the post-reclassification structure following Prudential Corporation Holdings Limited's request in July 2026 to reclassify its shareholding from 'Promoter' to 'Investor' under IRDAI regulations.

The company obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) on August 7, 2026, for the proposed name change. Additionally, the Central Registration Centre, Ministry of Corporate Affairs, confirmed the availability of the name 'ICICI Life Insurance Limited' on August 11, 2026.

The company stated that the change does not relate to any alteration in the objects of the company, the nature of its life insurance business, products offered, or obligations towards policyholders. All existing insurance policies will continue in full force and effect.

Regulatory Compliance

The postal ballot process adheres to Section 108 and Section 110 of the Companies Act, 2013, along with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. It also complies with General Circulars issued by the Ministry of Corporate Affairs dated September 22, 2025, and September 19, 2024.

Furthermore, the process follows Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Secretarial Standard on General Meetings (SS-2). A certificate from U. V. Nayak & Associates confirms compliance with Regulation 45, noting that the name change does not indicate a shift in main activity or new investment projects.

ICICI Prudential Life Insurance has signed a transitional deal with Prudential IP Services. The agreement represents a notable corporate development between the two entities.

Deal overview

The transitional deal between ICICI Prudential Life Insurance and Prudential IP Services has been formally executed. No further details regarding the financial terms, duration, or scope of the agreement were disclosed in the available information.