ICICI Lombard allots new shares under employee schemes

ICICI Lombard General Insurance Company Limited has announced the allotment of 28,523 new equity shares, each with a face value of ₹10, on December 12, 2025. This allotment was made under two distinct employee schemes: the ICICI Lombard Employees Stock Option Scheme - 2005, which accounted for 27,194 shares, and the ICICI Lombard - Employees Stock Unit Scheme - 2023, under which 1,329 shares were allotted.

The decision to allot these shares was approved by a whole-time director of the company at 03:44 p.m. on December 12, 2025. This action was taken pursuant to authority delegated by the company's board of directors during a meeting held on July 18, 2023. These newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects.

This issuance is part of the company's ongoing employee incentive programs, designed to align employee interests with shareholder value. The total number of shares allotted represents a minor expansion of the company's equity base.