ICICI Bank Allots 28,800 Equity Shares Under ESU Scheme 2022

Mumbai, March 20, 2026: ICICI Bank has announced the allotment of 28,800 equity shares of face value ₹2 each under its Employees Stock Unit (ESU) Scheme 2022.

The allotment was completed on March 20, 2026, and reflects the bank’s continued efforts to reward and retain talent through equity-based compensation.

Approval by Executive Directors

According to the official communication submitted to BSE Limited and National Stock Exchange of India Limited, the allotment was approved by two Executive Directors of the bank at 10:50 a.m. on the same day.

This approval was granted under the authority delegated by the Board of Directors during its meeting held on October 21, 2023.

Strengthening Employee Incentive Framework

The ESU Scheme 2022 is part of ICICI Bank’s broader strategy to align employee performance with long-term organizational goals. By offering equity shares, the bank aims to:

• Encourage employee ownership

• Enhance retention of key talent

• Drive long-term value creation

Such stock-based incentive schemes are widely used across the banking and financial sector to maintain competitiveness and reward performance.

Regulatory Disclosure and Compliance

The disclosure was made in compliance with regulatory requirements, ensuring transparency with stock exchanges and investors. The communication was formally signed by Chetan Pawar from the Associate Leadership Team of the bank.

Conclusion

The allotment of equity shares under the ESU Scheme highlights ICICI Bank’s focus on strengthening its human capital strategy while maintaining transparency with market regulators.

As one of India’s leading private sector banks, ICICI Bank continues to leverage employee-centric policies to support its growth and operational excellence.