ICICI Prudential Life Insurance Company has announced several key decisions following its board meeting on April 14, 2026. The board approved the audited financial statements for the quarter and year ending March 31, 2026, and proposed a final dividend of ₹ 1.65 per equity share, subject to approval at the upcoming Annual General Meeting (AGM).
The board also announced a change in its statutory auditors. After a decade of service, Walker Chandiok & Co LLP will retire as a joint statutory auditor. 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, is known for its expertise in statutory audits, particularly in the insurance sector.
Additionally, the company approved the grant of up to 3.4 million employee stock options at an exercise price of ₹ 547 per option under the ICICI Prudential Life Insurance Company Limited – Employees Stock Option Scheme (2005). The options will vest over a three-year period, with 30% vesting at the end of the first and second years, and 40% at the end of the third year.
Furthermore, ICICI Prudential has sanctioned 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 board also noted changes in senior management personnel, with details to be disclosed in accordance with SEBI regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).