ICICI Prudential Life Insurance Company Limited has received a green light from the Insurance Regulatory and Development Authority of India (IRDAI) to proceed with the redemption of non-convertible debentures worth ₹12 billion. This significant financial move underscores the company's strategic approach to managing its capital structure.

Key Details of the Debenture Redemption

• Approval Date: The company received IRDAI's approval on September 25, 2025, at 3:28 p.m.
• Redemption Plan: ICICI Prudential Life plans to exercise a call option to redeem 12,000 non-convertible debentures.
• Total Value: The debentures amount to ₹12.00 billion in aggregate.
• Redemption Date: The call option is set to be exercised on November 6, 2025.
• Redemption Price: The debentures will be redeemed at par value.

Regulatory Compliance and Financial Stability

The redemption aligns with several regulatory requirements:

• It adheres to Regulation 48 of the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024.
• The company's application was in line with Regulation 15(2) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
• ICICI Prudential Life has confirmed that post-redemption, its solvency margin will remain above the regulatory requirement of 180%.

Market Communication

In compliance with SEBI regulations, ICICI Prudential Life has made the following disclosures:

• The company informed the BSE Limited and the National Stock Exchange of India Limited about the IRDAI approval.
• Detailed annexures were provided, outlining the specifics of the approval and its implications as per SEBI's Master Circular dated November 11, 2024.

Impact on Financial Position

The redemption of these debentures is a significant financial event for ICICI Prudential Life Insurance. By exercising the call option, the company demonstrates its ability to manage its debt effectively while maintaining a strong solvency position. This move may potentially optimize the company's capital structure and could have positive implications for its financial flexibility going forward.

ICICI Prudential Life's proactive approach in seeking regulatory approvals and maintaining transparency with stakeholders reflects its commitment to sound corporate governance practices. As the November 6, 2025 redemption date approaches, market observers will likely keep a close eye on how this transaction impacts the company's overall financial health and market position in the competitive insurance sector.

ICICI Prudential Life Insurance Company Limited , a leading player in India's insurance sector, has announced a crucial board meeting scheduled for October 14, 2025. The meeting's primary agenda is to review and potentially approve the company's financial performance for the second quarter and first half of the fiscal year 2025.

Financial Review on the Horizon

The board of directors will convene to consider the approval of unaudited standalone and consolidated financial statements and financial results for the quarter and half year ended September 30, 2025. This meeting is a standard practice for publicly listed companies and provides investors and stakeholders with insights into the company's financial health and performance.

Trading Window Closure

In line with regulatory requirements and to ensure fair trading practices, ICICI Prudential Life Insurance has implemented a trading window closure. This closure will be in effect from October 1 to October 16, 2025, encompassing the period before and after the board meeting. During this time, all Designated Persons of the company and their immediate relatives are prohibited from trading in the company's securities.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 29(1)(a) and 50(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the trading window closure adheres to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Code of Conduct.

Implications for Investors

Investors and market analysts will be keenly watching for the outcome of this board meeting, as it will provide crucial insights into ICICI Prudential Life Insurance's performance during a significant period of the fiscal year. The financial results are expected to offer a comprehensive view of the company's:

• Business operations
• Profitability
• Overall financial standing

As the insurance sector continues to evolve in India, ICICI Prudential Life Insurance's performance could also serve as an indicator of broader trends in the industry. Stakeholders will be particularly interested in how the company has navigated the challenges and opportunities presented in the first half of the fiscal year 2025.

The announcement of the board meeting and the subsequent release of financial results are standard practices that promote transparency and help maintain the integrity of the financial markets. Investors are advised to stay tuned for the official release of the financial results following the board meeting on October 14, 2025.