News ArticleICICI Bank Allots 36,937 Equity Shares to Employees Under Stock Unit Scheme on November 5, 2026
Allotment approved by Executive Directors as delegated by Board resolution dated October 21, 2023
ICICI Bank allotted 36,937 equity shares of Rs. 2 face value each on November 5, 2026, under its Employees Stock Unit Scheme - 2022. The allotment was approved by two Executive Directors under delegated authority from the Board meeting held on October 21, 2023.
ICICI Bank Limited
Corporate Action
ICICI Bank allotted 36,937 equity shares with a face value of Rs. 2 each to employees under its Employees Stock Unit Scheme - 2022 on November 5, 2026, following approval by Executive Directors.
The allotment occurred at 10:48 a.m. on November 5, 2026, and was carried out under the authority delegated by the Board of Directors at the meeting held on October 21, 2023.
This issuance of equity shares forms part of the bank's ongoing employee stock unit program aimed at providing equity-based incentives to its employees.
Highlights
- 36,937 equity shares allotted under Employees Stock Unit Scheme - 2022.
- Shares have a face value of Rs. 2 each.
- Allotment approved by two Executive Directors on November 5, 2026, at 10:48 a.m.
- Board delegation of authority established on October 21, 2023.
Key Data Snapshot
What happened
- ICICI Bank allotted 36,937 equity shares to employees under the Employees Stock Unit Scheme - 2022.
- The shares allotted have a face value of Rs. 2 each.
- This action complies with the power delegated by the Board of Directors from their meeting held on October 21, 2023.
Key details
- Allotment was approved by two Executive Directors at 10:48 a.m. on November 5, 2026.
- The shares were allotted as part of an employee incentive plan.
- No further financial or transaction terms were disclosed in the announcement.
Regulatory and governance context
- Allotment is pursuant to the scheme approved by the Board via delegation of authority.
- Disclosure made to the BSE and National Stock Exchange of India as per regulatory requirements.
Highlights
- 36,937 equity shares allotted under Employees Stock Unit Scheme - 2022.
- Shares have a face value of Rs. 2 each.
- Allotment approved by two Executive Directors on November 5, 2026, at 10:48 a.m.
- Board delegation of authority established on October 21, 2023.
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