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.

ICICI Prudential Life Insurance Company Limited has completed the allotment of 56,510 equity shares under its employee stock option schemes on March 17, 2026. The shares carry a face value of ₹ 10 each and were distributed across two distinct employee benefit schemes.

Share Allotment Details

The equity share allotment was executed under two separate employee stock schemes operated by the company:

Approval and Authorization

The allotment received approval from the Managing Director & CEO of the company on March 17, 2026, at 11:37 a.m. IST. This approval was granted pursuant to the authority delegated by the Board of Directors during their meeting held on January 22, 2019.

Share Characteristics

The newly allotted equity shares will rank pari-passu with the existing equity shares of ICICI Prudential Life Insurance Company Limited. This means the new shares will carry identical rights and privileges as the company's existing equity shares, including voting rights and dividend entitlements.

Corporate Communication

The company has formally communicated this allotment to both major stock exchanges - BSE Limited and the National Stock Exchange of India Limited. The intimation was signed by Company Secretary Priya Nair (ACS 17769) and is also accessible on the company's official website at www.iciciprulife.com .

This share allotment represents the company's ongoing commitment to its employee stock option programs, providing equity participation opportunities to its workforce through established ESOP frameworks dating back to 2005 and the more recent 2023 scheme.