ICICI Pru Life seeks shareholder approval for name change via postal ballot

1 min read     Updated on 18 Aug 2026, 10:33 AM
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Riya DScanX News Team
AI Summary

ICICI Prudential Life Insurance Company Limited is seeking shareholder approval via postal ballot to change its name to ICICI Life Insurance Limited. The vote, conducted through remote e-voting, is open to shareholders on record as of August 14, 2026. The resolution also amends the Memorandum and Articles of Association in compliance with SEBI and MCA regulations.

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ICICI Prudential Life Insurance has initiated a postal ballot process to seek approval from its members for a corporate name change. The company aims to rename itself from 'ICICI Prudential Life Insurance Company Limited' to 'ICICI Life Insurance Limited'.

The special resolution, which requires shareholder consent, also includes consequential amendments to the company's Memorandum and Articles of Association. These changes are subject to applicable regulations under the Companies Act, 2013, and SEBI listing obligations.

Voting Process and Eligibility

The company is conducting the vote exclusively through remote e-voting. Members holding equity shares as on the cut-off date of Friday, August 14, 2026, are entitled to cast their votes. The notice for the postal ballot was published in Financial Express (all India editions) and Loksatta (Mumbai edition) on August 18, 2026.

Key details regarding the voting mechanism include:

  • Voting Method: Remote e-voting only. No physical voting is permitted.
  • Eligibility: Shareholders on record as of August 14, 2026.
  • Platform: Voting will be conducted via the National Securities Depository Limited (NSDL) e-voting agency at www.evoting.nsdl.com .
  • Access: The notice is available on the company's website under the Shareholder Information section, as well as on the BSE and NSE websites.

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. The company has also complied with General Circulars issued by the Ministry of Corporate Affairs dated September 22, 2025, and September 19, 2024.

Additionally, the process follows Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

Members are advised to update their bank details, ECS mandates, email addresses, nominations, and power of attorney information with their Depository Participants (DPs). Any changes effected by DPs will automatically reflect in the company's records. Correspondence with the Registrar to an Issue and Share Transfer Agent (RTA) should include the DP ID and Client ID or Folio Number.

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-0.64%+0.80%+1.33%-21.13%-20.84%-25.51%

How might the removal of 'Prudential' from the brand name impact customer trust and market perception in the competitive life insurance sector?

What strategic rationale is driving this rebranding, and does it signal a shift in business focus or a restructuring of the partnership with Prudential Financial?

Could this corporate identity change influence the company's valuation multiples or attractiveness to potential investors and acquirers?

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ICICI Prudential Life Insurance signs transitional deal with Prudential IP Services

0 min read     Updated on 13 Aug 2026, 01:36 AM
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Shriram SScanX News Team
AI Summary

ICICI Prudential Life Insurance has signed a transitional deal with Prudential IP Services. The agreement marks a corporate development between the two entities. No financial terms, duration, or scope details were disclosed in the available information.

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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.

Parameter: Details
Company: ICICI Prudential Life Insurance
Counterparty: Prudential IP Services
Deal Type: Transitional

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-0.64%+0.80%+1.33%-21.13%-20.84%-25.51%

How might this transitional deal impact ICICI Prudential Life Insurance's operational costs and service delivery timelines?

What are the potential strategic implications for Prudential IP Services' future partnerships in the Indian insurance sector?

Could this agreement signal a broader restructuring of the joint venture between ICICI Bank and Prudential plc?

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1 Year Returns:-20.84%