ICICI Prudential Life Insurance Company has announced several key decisions following its Board of Directors meeting held on April 14, 2026. The board approved the audited financial statements for the quarter and year ended March 31, 2026, with unmodified opinions from joint statutory auditors Walker Chandiok & Co LLP and M. P. Chitale & Co.
A significant highlight from the meeting is the recommendation of a final dividend of ₹1.65 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be distributed to eligible shareholders within 30 days post-approval.
In a notable change, Walker Chandiok & Co LLP will retire as a joint statutory auditor after completing a decade of service. Chaturvedi & Co LLP has been appointed as the new joint statutory auditor for a four-year term, pending shareholder approval. Chaturvedi & Co LLP, established in 1963, specialises in statutory audits, particularly in the insurance sector.
The company also approved the grant of up to 3.4 million employee stock options at an exercise price of ₹547 per option under its 2005 Employee Stock Option Scheme. Additionally, up to 0.5 million stock units will be granted at ₹10 per unit under the 2023 Employee Stock Unit Scheme.
These decisions align with ICICI Prudential Life Insurance‘s ongoing commitment to enhancing shareholder value and maintaining robust corporate governance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).