ICICI Prudential Life Insurance Initiates Second 'Saksham Niveshak' Campaign for Shareholders

2 min read     Updated on 23 Apr 2026, 04:37 AM
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AI Summary

ICICI Prudential Life Insurance has launched the 'Saksham Niveshak' campaign from April 1 to July 9, 2026, allowing shareholders to update KYC and bank details to claim unpaid dividends from FY2020 to FY2026. Unclaimed dividends and shares remaining unclaimed for seven consecutive years will be transferred to the IEPF Authority under Section 124 of the Companies Act, 2013.

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icici prudential life insurance has initiated the second edition of its 100-day campaign titled 'Saksham Niveshak', scheduled from April 1, 2026, to July 9, 2026. The campaign aims to enable shareholders with unpaid or unclaimed dividends to update their KYC and bank details to claim their dues before the amounts are transferred to the Investor Education and Protection Fund (IEPF) Authority. The intimation was sent to stock exchanges BSE and NSE on April 22, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Campaign Details and Regulatory Framework

The initiative follows a directive from the IEPF Authority under the Ministry of Corporate Affairs. According to the provisions of Section 124 of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, unclaimed dividends and shares for which dividends have not been claimed for seven consecutive years or more are transferred to the IEPF Authority. The company has identified shareholders whose dividends declared from FY2020 to FY2026 remain unpaid or unclaimed.

Key Information for Shareholders

Aspect Details
Campaign Name Saksham Niveshak
Campaign Period April 1, 2026 to July 9, 2026
Dividend Period Covered FY2020 to FY2026
Regulatory Reference Section 124, Companies Act, 2013
Transfer Threshold Seven consecutive years or more

Shareholders are requested to register or update their KYC and bank account details with the Registrar to the Issue and Share Transfer Agent (RTA) or their Depository Participant to receive dividends electronically. The dividend payment will be processed only if the request is found appropriate in all respects. In case of discrepancies or inadequate documentation, requests may be rejected, and the company will proceed to transfer unclaimed dividends and corresponding shares to the IEPF.

Claim Process and Contact Information

To claim outstanding dividends, shareholders can either submit unpaid dividend warrants or return the letter-cum-indemnity duly signed to request re-issue of unclaimed dividends. Details of unclaimed dividends are available on the company's website at www.iciciprulife.com . Shareholders should note that in the absence of registered bank details with the RTA or Depository Participant, payment of outstanding dividend amounts cannot be effected.

For any queries, shareholders may contact the company's RTA, KFin Technologies Limited, at Unit: ICICI Prudential Life Insurance Company Limited, Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032, or via email at einward.ris@kfintech.com , with a copy to the company at investor@iciciprulife.com . After transfer to IEPF, shareholders must file a separate application in Form IEPF-5 through the Ministry of Corporate Affairs website at www.mca.gov.in to claim their dues.

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-3.94%-7.84%-3.21%-15.31%-15.29%+0.35%

How might this campaign impact ICICI Prudential's investor relations and shareholder confidence in the long term?

What percentage of ICICI Prudential's total dividend payouts typically remain unclaimed, and how does this compare to industry averages?

Could the success of this 'Saksham Niveshak' campaign influence other insurance companies to launch similar proactive investor outreach programs?

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ICICI Prudential Life Insurance Allots 317,541 Equity Shares Under Employee Stock Option Scheme

1 min read     Updated on 22 Apr 2026, 05:14 AM
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AI Summary

ICICI Prudential Life Insurance Company Limited allotted 317,541 equity shares of ₹10 face value each under its Employee Stock Option Scheme on April 21, 2026. The allotment was approved by the MD & CEO at 12:13 p.m. IST under authority delegated by the Board of Directors from January 22, 2019. The new shares rank pari-passu with existing equity shares.

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ICICI Prudential Life Insurance Company Limited has completed the allotment of 317,541 equity shares under its Employee Stock Option Scheme on April 21, 2026. The allotment represents part of the company's ongoing employee incentive program designed to align employee interests with shareholder value.

Share Allotment Details

The company has provided comprehensive details regarding the equity share allotment through its official communication to stock exchanges.

Parameter: Details
Number of Shares: 317,541 equity shares
Face Value: ₹10 each
Allotment Date: April 21, 2026
Approval Time: 12:13 p.m. IST
Scheme: ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005)

Approval and Authorization

The allotment received approval from the Managing Director & CEO of the company on April 21, 2026. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on January 22, 2019. The delegation of authority enables efficient execution of employee stock option exercises without requiring individual board approvals for each allotment.

Share Rights and Ranking

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company. This means the new shares carry identical rights and privileges as existing shares, including voting rights, dividend entitlements, and other shareholder benefits. The uniform treatment ensures no dilution of rights for existing shareholders while providing full equity participation to employees receiving the shares.

Corporate Communication

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the share allotment through official correspondence. The intimation has been signed by Priya Nair, Company Secretary (ACS 17769), ensuring compliance with regulatory disclosure requirements. Additional information regarding this allotment can be accessed through the company's official website at www.iciciprulife.com .

Historical Stock Returns for ICICI Prudential Life Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-3.94%-7.84%-3.21%-15.31%-15.29%+0.35%

How will this ESOP allotment impact ICICI Prudential Life's earnings per share and overall market valuation?

What percentage of the total employee base participated in this ESOP exercise, and does this indicate employee confidence in the company's future prospects?

Will ICICI Prudential Life consider expanding or modifying its employee stock option schemes to attract and retain talent in the competitive insurance sector?

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1 Year Returns:-15.29%