ICICI Prudential Life Insurance Company Ltd

Shareholding / Insider Disclosure

• The company allotted 9,894 equity shares of ₹10 each on August 25, 2026 under ESOP 2023.
• Allotment approved by MD and CEO at 14:55 IST under board authority dated January 22, 2019.
• The new shares rank pari-passu with existing equity shares.

GST tax demand update

• GST tax demand upheld against ICICI Prudential Life Insurance Co. Ltd.
• Order issued on August 21, 2026 by Commissioner (Appeals Thane).
• GST demand ₹1,823,639,540; total liability ₹3,647,279,080 including penalty.
• Period covered: FY2018 (Jul 2017–Mar 2018) to FY2023.
• No adverse material impact on the company’s financial operations.
• Company to file an appeal before appropriate appellate authority.
• Annexure A details material tax demand and penalties.

Meeting Details

• Date: Aug 27, 2026; Time: 2:00 p.m. IST; Type: investor group; Mode: virtual; Organizer: Morgan Stanley India

Purpose

• Purpose: General investor interaction as part of scheduled meetings

Name change resolution

• Special resolution to change the company name to ICICI Life Insurance Limited and amend MOA/AOA.
• Outcome: pending; results to be declared by Sept 22, 2026.
• Material impact: name change and MOA/AOA amendments; no change to business or policyholder rights.
• Background: Prudential seeks promoter-to-investor reclassification, aligning with the name change.

Unclaimed dividends to IEPF

• Intimation to shareholders about transfer of unclaimed dividends and shares to IEPF.
• Unclaimed dividends from FY2020 to FY2026 have not been claimed.
• Deadline to claim and avoid transfer: November 21, 2026.
• Requests for electronic credit will be processed if details are complete by then.
• KYC and bank details must be registered with RTA/DP to receive electronic payment.
• If not claimed, dividends and corresponding shares will transfer to IEPF on/after November 21, 2026.
• No claim shall lie against the Company for IEPF transfers.
• Shareholders may contact KFin Technologies or investor email for queries.
• Letter-cum-indemnity to be used if uncashed dividend warrants are lost.
• All future benefits on transferred shares will be with IEPF.

Postal ballot details

• Seek shareholder approval via special resolution to rename to ICICI Life Insurance Limited and amend MOA/AOA.
• Resolution: Change of name and related MOA/AOA amendments; postal ballot initiated as special resolution.
• Circulation date: Notice to members on Aug 14, 2026.
• Impact: Branding changes and legal name change in charter documents.

Parties

• ICICI Prudential Life and Prudential IP Services Limited (PIP) entered a transitional agreement.

Purpose

• Amends the 2014 trademark and names license; sets timelines for continued use and removal.

Related party status

• Not a related party; PIP is a subsidiary of Prudential plc, promoter's ultimate holding company.

Amendment details

• Amendment executed on August 12, 2026; original agreement dated September 26, 2014.

Branding impact

• Rebranding includes removal of 'Prudential' marks from company name; marks continued for branding.

Regulatory disclosures

• Regulatory approvals not disclosed; no board/management changes noted.

Amendment scope

• Amendment scope: transitional agreement amends the Sept 2014 license to reflect rebranding.