ICICI Prudential Life Insurance Allots 2,55,615 Equity Shares Under Employee Stock Option Schemes

1 min read     Updated on 13 May 2026, 09:44 AM
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ICICI Prudential Life Insurance allotted 2,55,615 equity shares of ₹10 face value on May 12, 2026, split across the Employees Stock Option Scheme (2005) with 2,52,270 shares and the Employees Stock Unit Scheme (2023) with 3,345 shares. The allotment, approved by the MD & CEO pursuant to Board authority delegated on January 22, 2019, ranks pari-passu with existing equity shares and was duly intimated to BSE and NSE by Company Secretary Priya Nair.

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ICICI Prudential Life Insurance Company Limited has allotted 2,55,615 equity shares of face value ₹10 each on May 12, 2026, under its employee stock option schemes. The allotment was approved by the Managing Director & CEO of the company at 1:03 p.m. IST, pursuant to authority delegated by the Board of Directors at its meeting held on January 22, 2019.

Scheme-wise Allotment Breakdown

The total allotment of 2,55,615 equity shares was distributed across two distinct employee stock schemes. The following table provides a detailed breakdown of the allotment:

Scheme: Shares Allotted
Employees Stock Option Scheme (2005): 2,52,270 equity shares
Employees Stock Unit Scheme (2023): 3,345 equity shares
Total Allotted: 2,55,615 equity shares

Allotment Details and Ranking

The newly allotted equity shares carry a face value of ₹10 each and shall rank pari-passu with the existing equity shares of the company. This means the allotted shares carry the same rights and entitlements as the currently outstanding equity shares of ICICI Prudential Life Insurance. The intimation of this allotment was formally communicated to both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026, by Company Secretary Priya Nair (ACS 17769), in compliance with applicable listing requirements.

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-3.62%-1.04%-3.01%-19.40%-22.75%-4.44%

How might the dilution from this ESOP allotment impact ICICI Prudential Life Insurance's earnings per share and shareholder value in upcoming quarterly results?

Could the significant disparity between shares allotted under the 2005 scheme versus the 2023 scheme indicate a shift in employee retention strategy, and what changes might the company make to future ESOP structures?

How does ICICI Prudential Life Insurance's ESOP allotment frequency and volume compare to peers like HDFC Life and SBI Life, and what does this signal about competitive talent retention in the insurance sector?

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ICICI Prudential Life Insurance Notifies Shareholders of IEPF Share Transfer and Saksham Niveshak Campaign

2 min read     Updated on 12 May 2026, 12:07 PM
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ICICI Prudential Life Insurance Company Limited has issued public notices regarding the transfer of equity shares and unclaimed dividends to the IEPF Authority, with key deadlines set for August 18, 2026 and November 21, 2026. The notices were published in the Financial Express (all India edition) and Loksatta (Mumbai edition) pursuant to SEBI Listing Regulations. The company has also participated in the MCA's Second 100 Days' Campaign — Saksham Niveshak (April 1, 2026 to July 9, 2026), urging shareholders to claim unpaid dividends and update KYC details. Shareholders may contact KFin Technologies Limited or the company directly for assistance.

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ICICI Prudential Life Insurance Company Limited has published newspaper advertisements in the Financial Express (all India edition) and Loksatta (Mumbai edition) to notify shareholders about the impending transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. The disclosures were made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026.

IEPF Transfer Deadlines and Regulatory Framework

The notice has been issued in compliance with Section 124 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Under these provisions, unpaid or unclaimed dividends, along with the shares in respect of which dividends have remained unclaimed for seven consecutive years or more, are liable to be transferred to the IEPF Authority.

Shareholders are advised to take note of the following key transfer dates:

Transfer Deadline :---
First Transfer Date: Tuesday, August 18, 2026
Second Transfer Date: Saturday, November 21, 2026

If dividends are not claimed by the respective deadlines, the equity shares in respect of which dividends remain unclaimed for seven consecutive years will be transferred to the IEPF Authority via corporate action through the Depositories to the demat account of the IEPF Authority established by the Central Government, without any further notice to the shareholders.

Shareholder Recourse and Claims Process

Shareholders whose shares and dividends have been transferred to the IEPF Authority are not without recourse. A separate application must be submitted to the IEPF Authority in Form IEPF-5 electronically, as prescribed by the Ministry of Corporate Affairs, available at www.mca.gov.in . The company has clarified that no claim shall lie against it in respect of unclaimed dividends or equity shares once transferred to the IEPF Authority.

The details of concerned shareholders whose unclaimed dividends and/or shares are liable for transfer have been uploaded on the company's website at www.iciciprulife.com . The statement of unpaid/unclaimed dividend is also accessible on the website under: About us > Shareholder Information > Dividends.

For queries, shareholders may contact the company's Registrar and Share Transfer Agent:

Contact Details: Information
RTA Name: KFin Technologies Limited
Address: Unit: ICICI Prudential Life Insurance Company Limited, Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032
RTA Email: einward.ris@kfintech.com
Company Email: investor@iciciprulife.com

Second 100 Days' Campaign — Saksham Niveshak

In addition to the IEPF transfer notice, ICICI Prudential Life Insurance has also aligned with the Ministry of Corporate Affairs' initiative. Pursuant to the MCA communication dated March 27, 2026, the IEPF Authority re-initiated the Second 100 Days' Campaign — Saksham Niveshak, running from April 1, 2026 to July 9, 2026. The campaign aims to reach out to shareholders whose dividends have remained unpaid or unclaimed and whose Know Your Customer (KYC) details — including PAN, bank account, contact information, and nomination — have not been updated.

Shareholders of ICICI Prudential Life Insurance with unpaid or unclaimed dividends, or those who have not updated their KYC details, are requested to contact the company's RTA at the address mentioned above or write to einward.ris@kfintech.com with a copy to investor@iciciprulife.com .

The notice was signed by Priya Nair, Company Secretary (ACS 17769), on behalf of ICICI Prudential Life Insurance Company Limited, from Mumbai, dated May 12, 2026.

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-3.62%-1.04%-3.01%-19.40%-22.75%-4.44%

How might ICICI Prudential Life Insurance's IEPF transfer volumes compare to industry peers, and what does this indicate about retail investor engagement in the life insurance sector?

Could the Saksham Niveshak campaign's July 2026 deadline trigger a surge in last-minute KYC updates, and how prepared are RTAs like KFin Technologies to handle potential volume spikes?

As unclaimed dividends and shares accumulate in the IEPF Authority's account, what long-term implications could this have for ICICI Prudential Life Insurance's shareholder base composition and voting dynamics?

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