ICICI Group Stocks

ICICI Prudential Life Insurance Company has informed that the members of the Company, had at the Annual General Meeting (AGM) held on July 17, 2017, approved the appointment of Mr. Dilip Karnik (DIN: 06419513) as an Independent Director of the Company for a term of five consecutive years from June 29, 2016 to June 28, 2021. Thereafter, the members at the AGM held on June 25, 2021, approved his re-appointment for a second term commencing from June 29, 2021 till June 28, 2026 and approved the continuation of his directorship after attaining the age of seventy-five years, as an Independent Director of the Company, till June 28, 2026. Pursuant to clause 2.4(a) of Insurance Regulatory and Development Authority of India’s Master Circular on Corporate Governance for Insurers, 2024, the maximum age limit for non-executive Directors, shall be 75 years and after attaining the age of 75 years no person shall continue on the Board of an insurer. Accordingly, pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), it has informed that Mr. Dilip Karnik shall retire as a non-executive Independent Director of the Company, from close of business hours on May 9, 2025. The Board of Directors placed on record their appreciation for the invaluable contribution and guidance rendered by Mr. Dilip Karnik during his tenure. The details as required under Para A (7) of Part A of Schedule III of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure A.

The above information is a part of company’s filings submitted to BSE.

ICICI Prudential Life Insurance Company has informed that the Company has allotted 3,000 equity shares of face value of Rs 10 each on May 6, 2025, under ‘ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005)’ (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that, RBI has, vide its letter dated May 2, 2025, forwarded an Order dated April 29, 2025 passed by the Adjudication Committee of Executive Directors, imposing a monetary penalty of ? 97.80 lakhs on bank for failing to (i) report a cyber security incident to RBI within the stipulated timeline, (ii) put into use a robust software for throwing alerts for certain categories of accounts; and (iii) send credit card bills / statements to certain customers, but levying late payment charges. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A(1)(c) read with Section 46 (4)(i) of the Banking Regulation Act, 1949. The press release issued by RBI is attached.

The above information is a part of company’s filings submitted to BSE.