ICICI Prudential Asset Management Company Limited has issued a comprehensive postal ballot notice to its members, seeking approval for four critical corporate resolutions through remote e-voting. The notice, dated February 25, 2026, outlines the company's strategic initiatives requiring shareholder consent.

E-Voting Schedule and Process

The company has established a structured timeline for the postal ballot process, with voting conducted exclusively through electronic means. Members eligible to vote are those whose names appear in the register as of the cut-off date.

Key Resolutions for Approval

The postal ballot encompasses four significant resolutions that will shape the company's governance and employee incentive structures.

Director Re-appointments

The company seeks approval for re-appointing two key directors. Mr. Antony Jacob, whose first term as Independent Director expires on May 31, 2026, is proposed for re-appointment for a five-year term effective June 1, 2026. The 65-year-old Chartered Accountant brings over 37 years of experience in finance, advisory, and consultancy.

Mr. Sankaran Naren, the Executive Director and Chief Investment Officer, is proposed for re-appointment for two years from July 1, 2026 to June 30, 2028. The 59-year-old investment professional has been associated with the company since October 2004 and has been instrumental in overall investment strategy development.

Employee Stock Schemes

The company proposes significant changes to its employee incentive structure. The existing Employee Stock Option Scheme 2025 requires ratification following the company's IPO listing on December 19, 2025. The scheme originally reserved 93,90,912 options, which the company now proposes to reduce by 6,50,000 options, resulting in 87,40,912 options available under the scheme.

Concurrently, the company seeks approval for a new Employee Stock Unit Scheme 2026, which would utilize the 6,50,000 units transferred from the existing scheme. This new scheme targets employees exclusively working in India or outside, excluding managing directors, executive directors, key managerial personnel, and senior management personnel.

Regulatory Compliance

The postal ballot process adheres to the Companies Act, 2013, SEBI regulations, and various Ministry of Corporate Affairs circulars. The company has engaged National Securities Depository Limited for providing remote e-voting facilities to members. All notices are being sent electronically to members whose email addresses are registered with the company or depositories.

Members holding shares as of February 27, 2026, are entitled to vote on the proposed resolutions. The company has made provisions for corporate and institutional members to submit necessary authorization documents to participate in the voting process.

Source: None/Company/INE346A01027/255e0975-2352-4495-8a5c-2c2ba670003c.pdf

ICICI Prudential Asset Management Company Limited has announced a significant change in its senior management team with the resignation of Mr. Amar Shah, who serves as Chief Business Officer and Senior Management Personnel under SEBI regulations.

Resignation Details

The company has disclosed that Mr. Amar Shah tendered his resignation from his position as Chief Business Officer to pursue new professional opportunities. The management accepted his resignation on January 28, 2026, following proper regulatory procedures.

Transition Timeline

Mr. Shah will continue in his role until March 16, 2026, providing approximately seven weeks for a comprehensive handover process. He will cease to be a Senior Management Personnel with effect from closure of business hours on March 16, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of changes in Senior Management Personnel. The company has fulfilled all required disclosures including the resignation email and detailed information as per SEBI Master Circular dated November 11, 2024 and SEBI circular dated December 31, 2024.

Professional Commitment

In his resignation communication, Mr. Shah expressed gratitude to the organization for the trust, support and opportunities extended to him during his tenure. He has committed to ensuring a smooth and orderly transition of responsibilities including complete handover, demonstrating professional dedication during the transition period. Shah wished ICICI Prudential AMC continued success in his farewell message.

The resignation represents a planned transition with adequate notice period, allowing the company to manage the change in senior management effectively while maintaining business continuity.