ICICI Bank has completed the allotment of equity shares under its Employee Stock Option Scheme, marking another milestone in the bank's employee incentive program. The allotment was formally communicated to stock exchanges on February 27, 2026.

Share Allotment Details

The bank has allotted a total of 376,461 equity shares under the ICICI Bank Employees Stock Option Scheme-2000. Each share carries a face value of Rs.2, representing the bank's commitment to employee participation in its equity growth.

Approval Process

The allotment received approval from two Executive Directors of ICICI Bank on February 27, 2026, with the final approval recorded at 10:52 a.m. This approval was granted under the authority delegated by the Board of Directors during their meeting held on October 21, 2023.

The formal communication was signed by Prashant Mistry from the Associate Leadership Team and was digitally authenticated on February 27, 2026, at 11:03:17 IST. The bank has notified both BSE Limited and the National Stock Exchange of India Limited about this corporate action as per regulatory requirements.

Employee Stock Option Framework

The allotment falls under the ICICI Bank Employees Stock Option Scheme-2000, which serves as a key component of the bank's employee retention and incentive strategy. This scheme enables eligible employees to acquire equity stakes in the bank, aligning their interests with shareholder value creation.

ICICI Bank Limited has successfully concluded its postal ballot process for the appointment of Ms. Vijayalakshmi Iyer (DIN: 05242960) as an Independent Director. The bank announced on February 25, 2026 that the special resolution was passed by shareholders with requisite majority through remote e-voting.

Voting Results and Shareholder Response

The postal ballot witnessed significant shareholder participation, with the resolution receiving strong support from the banking community. The detailed voting results demonstrate clear approval for the directorial appointment.

Appointment Details and Tenure

Ms. Vijayalakshmi Iyer's appointment as Independent Director is effective from December 1, 2025 and will continue up to May 31, 2030. The appointment was processed through a comprehensive postal ballot notice dated January 17, 2026, ensuring full compliance with regulatory requirements.

Regulatory Compliance and Process

The postal ballot was conducted in strict adherence to Section 110 read with Section 108 of the Companies Act, 2013, along with applicable rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank utilized KFin Technologies Limited's remote e-voting facility to enable shareholders to cast their votes electronically.

Key process parameters included:

• Cut-off Date: January 19, 2026 for determining eligible shareholders
• Voting Period: January 27, 2026 (9:00 a.m. IST) to February 25, 2026 (5:00 p.m. IST)
• ADS Cut-off Date: January 30, 2026 for American Depository Shares holders

Scrutinizer's Certification

Alwyn D'Souza of Alwyn D'Souza & Co., Company Secretaries, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer confirmed that votes were unblocked on February 25, 2026 at 5:01 p.m. IST in the presence of two independent witnesses, ensuring transparency and regulatory compliance.

The bank has submitted the voting results in XBRL format as prescribed under Regulation 44 of SEBI regulations to BSE Limited, National Stock Exchange of India Limited, and other international exchanges including NYSE, SIX Swiss Exchange, Singapore Stock Exchange, and Japan Securities Dealers Association.