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.

ICICI Bank witnessed significant institutional trading activity with a major block trade executed on the National Stock Exchange (NSE). The latest transaction represents substantial investor interest in one of India's leading private sector banks.

Latest Block Trade Details

The recent block trade executed on NSE involved considerable volume and value, reflecting continued institutional investor activity in the banking stock.

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders to buy or sell significant quantities of shares without impacting the regular market price. These transactions are conducted outside the normal trading mechanism to ensure minimal market disruption.

The execution price of ₹1,400.70 per share represents the agreed-upon rate between the participating parties for this substantial transaction. Such large-volume trades often indicate strategic portfolio adjustments or institutional rebalancing activities.

Transaction Impact

The block trade involving 803,361 shares demonstrates the liquidity available in ICICI Bank stock and the continued interest from institutional participants. The increased transaction size compared to previous block trades indicates growing institutional appetite for the banking stock. These transactions typically occur when there is matching interest from both buyers and sellers for large quantities at mutually acceptable prices.