ICICI Bank has announced the allotment of equity shares under its employee stock ownership program, marking another milestone in the bank's commitment to employee participation in equity ownership. The allotment was completed on January 22, 2026, following the established corporate governance procedures.

Share Allotment Details

The bank has allotted a total of 12,966 equity shares under the ICICI Bank Employees Stock Unit Scheme-2022. The key parameters of this allotment are presented below:

Approval Process and Governance

The allotment received approval from two Executive Directors of ICICI Bank on January 22, 2026. This approval was granted under the authority delegated by the Board of Directors during their meeting held on October 21, 2023. The structured approval process demonstrates the bank's adherence to established corporate governance protocols for employee stock option schemes.

The timing of the final approval at 4:49 p.m. on January 22, 2026, marks the completion of the internal authorization process required for such equity allotments under the employee stock unit framework.

Employee Stock Unit Scheme Framework

The ICICI Bank Employees Stock Unit Scheme-2022 serves as the operational framework under which these equity shares have been allotted. This scheme represents the bank's structured approach to providing employees with equity participation opportunities, aligning employee interests with shareholder value creation.

The scheme operates under the governance structure established by the Board of Directors, with delegated authority enabling Executive Directors to approve specific allotments as they occur throughout the implementation period.

Corporate Communication

ICICI Bank has formally communicated this allotment to both BSE Limited and the National Stock Exchange of India Limited, ensuring compliance with stock exchange notification requirements. The communication was signed by Prashant Mistry from the Associate Leadership Team, maintaining the bank's commitment to transparent corporate disclosure practices.

ICICI Bank executed a significant block trade on the National Stock Exchange (NSE), marking substantial institutional trading activity in the banking sector. The transaction represents one of the notable large-volume trades in the financial markets.

Block Trade Details

The block trade involved considerable volume and value, demonstrating active participation from institutional investors. Such transactions are typically executed to facilitate large-scale buying or selling without causing significant market disruption.

Market Significance

Block trades represent off-market transactions that allow institutional investors to execute large orders without impacting the regular trading price. The execution price of ₹1,360.10 per share reflects the prevailing market conditions at the time of the transaction. These trades are commonly used by mutual funds, insurance companies, and other large institutional investors for portfolio rebalancing or strategic investment decisions.

Transaction Impact

The substantial volume of 445,169 shares indicates significant institutional interest in ICICI Bank's stock. Block trades of this magnitude typically occur when there is a need to transfer large shareholdings between institutional entities or when major investors are adjusting their portfolio allocations. The transaction value of ₹60.55 crores underscores the scale of institutional activity in the banking sector.