ICICI Prudential Life Insurance Company has announced a series of significant decisions following its Board meeting on April 14, 2026. The Board approved the audited financial statements for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹1.65 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The company’s joint statutory auditors, Walker Chandiok & Co LLP and M. P. Chitale & Co., issued audit reports with an unmodified opinion on the financial results. These results, prepared in accordance with SEBI Listing Regulations, were accompanied by a press release and audit reports.
In a notable change, Walker Chandiok & Co LLP will retire as a Joint Statutory Auditor after completing a ten-year tenure. Chaturvedi & Co LLP has been appointed as a new joint statutory auditor for a four-year term, pending shareholder approval. Chaturvedi & Co LLP, established in 1963, has a robust portfolio including statutory audits, taxation advisory, and business advisory services, with a specialisation in the insurance sector.
Additionally, the company has approved the grant of up to 3.4 million employee stock options at an exercise price of ₹547 per option under its Employees Stock Option Scheme (2005). These options will vest over three years, with 30% vesting at the end of each of the first two years and 40% vesting at the end of the third year.
ICICI Prudential Life Insurance has also approved the grant of up to 0.5 million employee stock units at an exercise price of ₹10 per unit under the Employees Stock Unit Scheme – 2023. The details of these grants align with the SEBI regulations and are subject to necessary approvals.
Furthermore, the company announced changes in its senior management personnel, details of which are provided in the annexures accompanying the regulatory filing.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).