ICICI Prudential Life Insurance Company Limited has completed the allotment of 41,918 equity shares under its employee stock option schemes on March 24, 2026. The allotment represents the company's continued commitment to employee participation through equity-based compensation programs.

Allotment Details

The company has distributed the equity shares across two distinct employee schemes, with the majority allocated to the older program:

The ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005) accounts for the substantial portion of the allotment with 40,665 equity shares. The newer ICICI Prudential Life Insurance Company Limited - Employees Stock Unit Scheme (2023) contributed 1,253 equity shares to the total allocation.

Approval and Authorization

The allotment received approval from the Managing Director & CEO of the company on March 24, 2026, at 12:43 p.m. IST. This approval was granted under the authority previously delegated by the Board of Directors during their meeting held on January 22, 2019.

Share Characteristics

The newly allotted equity shares carry a face value of ₹10 each and will rank pari-passu with the existing equity shares of the company. This means the new shares will have equal rights and privileges as the current outstanding shares, including voting rights and dividend entitlements.

Corporate Communication

The allotment information has been formally communicated to both BSE Limited and the National Stock Exchange of India Limited as per regulatory requirements. Company Secretary Priya Nair signed the official intimation, which is also accessible on the company's website at www.iciciprulife.com .

ICICI Prudential Life Insurance Company Limited has issued a formal clarification to stock exchanges regarding media speculation about its joint venture partner potentially exiting their partnership. The clarification comes in response to exchange queries following a Business Standard report published on March 19, 2026.

Company's Response to Media Reports

The insurance company addressed the news article titled "Prudential may exit life insurance joint venture with ICICI Bank" by categorically stating its position on the matter.

Prudential's Official Statement

When approached for comment on the speculation, Prudential Corporation Holdings Limited provided a standard response regarding market rumors. The parent company's position was clearly communicated through ICICI Prudential's exchange filing.

The official response from Prudential Corporation Holdings Limited stated: "We do not comment on market rumours or speculations."

Regulatory Compliance and Transparency

The company emphasized its commitment to maintaining transparency with regulatory authorities and investors. ICICI Prudential Life Insurance reiterated its dedication to prompt disclosure practices in accordance with established guidelines.

Key aspects of the company's regulatory approach include:

• Prompt disclosure of material information to exchanges
• Full compliance with regulatory requirements
• Transparent communication with stakeholders
• Adherence to established disclosure norms

Exchange Communication Details

The clarification was formally submitted to both major Indian stock exchanges on March 19, 2026. Company Secretary Priya Nair signed the communication, ensuring proper authorization and documentation.

The company concluded its statement by requesting exchanges to take the clarification on record, maintaining its standard protocol for addressing market speculation and ensuring regulatory compliance.