ICICI Lombard General Insurance Allots 91,272 Equity Shares Under Employee Stock Option Schemes

1 min read     Updated on 12 Mar 2026, 06:32 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

ICICI Lombard General Insurance Company Limited allotted 91,272 equity shares of ₹10 each on March 12, 2026, under two employee stock option schemes. The allotment included 90,254 shares under the 2005 ESOP scheme and 1,018 shares under the 2023 stock unit scheme, with approval from a Whole-time Director pursuant to Board authorization from July 18, 2023.

34866154

*this image is generated using AI for illustrative purposes only.

ICICI Lombard General Insurance Company Limited has announced the allotment of 91,272 equity shares under its employee stock option schemes on March 12, 2026. The allotment represents the company's ongoing commitment to employee incentivization through equity participation programs.

Share Allotment Details

The company allotted a total of 91,272 equity shares of ₹10 each across two distinct employee stock schemes. The allotment was structured as follows:

Scheme Number of Shares
ICICI Lombard Employees Stock Option Scheme – 2005 90,254
ICICI Lombard - Employees Stock Unit Scheme – 2023 1,018
Total Allotment 91,272

Approval and Authorization

The share allotment received approval from a Whole-time Director of the company on March 12, 2026, at 01:46 p.m. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on July 18, 2023.

Share Characteristics

The newly allotted equity shares carry the following characteristics:

  • Face Value: ₹10 per share
  • Ranking: Pari-passu with existing equity shares
  • Rights: Equal in all respects to current equity shares

Corporate Communication

The company has formally communicated this allotment to both BSE Limited and National Stock Exchange of India Limited through official correspondence signed by Company Secretary Vikas Mehra. The information has also been made available on the company's official website at www.icicilombard.com for stakeholder reference.

This allotment reflects the company's structured approach to employee compensation and retention through equity-based incentive schemes, utilizing both its established 2005 scheme and the more recent 2023 employee stock unit program.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.06%-0.01%-3.96%-0.83%+9.11%+26.11%
ICICI Lombard General Insurance
View Company Insights
View All News
like17
dislike

ICICI Lombard General Insurance Allots 25,995 Equity Shares Under Employee Stock Option Schemes

1 min read     Updated on 05 Mar 2026, 05:53 PM
scanx
Reviewed by
Shriram SScanX News Team
Overview

ICICI Lombard General Insurance Company Limited allotted 25,995 equity shares of ₹10 each on March 5, 2026, under two employee stock option schemes. The allotment comprised 25,284 shares under the 2005 ESOP scheme and 711 shares under the 2023 stock unit scheme. A Whole-time Director approved the allotment at 03:51 p.m., exercising authority delegated by the Board of Directors from their July 18, 2023 meeting. The newly issued shares rank pari-passu with existing equity shares in all respects.

34258983

*this image is generated using AI for illustrative purposes only.

ICICI Lombard General Insurance Company Limited has announced the allotment of 25,995 equity shares under its employee stock option schemes on March 5, 2026. The company informed the stock exchanges about this corporate action through a regulatory filing under Regulation 30.

Share Allotment Details

The insurance company allotted a total of 25,995 equity shares of ₹10 each under two distinct employee benefit schemes. The allotment was structured across the company's established stock option programs designed to incentivize employee participation and retention.

Scheme: Shares Allotted
ICICI Lombard Employees Stock Option Scheme – 2005: 25,284
ICICI Lombard - Employees Stock Unit Scheme – 2023: 711
Total Shares Allotted: 25,995

Approval and Authorization

The share allotment received approval from a Whole-time Director of the company at 03:51 p.m. on March 5, 2026. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on July 18, 2023. The structured approval process demonstrates the company's adherence to corporate governance protocols for employee stock option exercises.

Share Characteristics

The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with the existing equity shares of the company in all respects. This ensures that employees receiving shares under the ESOP schemes have equivalent shareholder rights as other equity holders.

Regulatory Compliance

ICICI Lombard General Insurance has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the share allotment. The company has also made this information available on its official website at www.icicilombard.com , ensuring transparency for all stakeholders.

The company operates under IRDA Registration Number 115 and maintains its registered office at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400 025.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.06%-0.01%-3.96%-0.83%+9.11%+26.11%
ICICI Lombard General Insurance
View Company Insights
View All News
like15
dislike

More News on ICICI Lombard General Insurance

1 Year Returns:+9.11%