ICICI Bank Allots 4.92 Lakh Equity Shares Under Employee Stock Option Scheme
Mumbai, March 13, 2026: ICICI Bank Limited has allotted 491,900 equity shares of face value ₹2 each under its Employees Stock Option Scheme-2000 (ESOS), the bank informed stock exchanges on Friday.
According to the disclosure filed with both the BSE Limited and the National Stock Exchange of India Limited, the allotment was approved on March 13, 2026, following the exercise of stock options by eligible employees under the bank’s long-running employee incentive program.
Approval by Executive Directors
The bank stated that the share allotment was approved by two Executive Directors at 10:26 a.m., in accordance with powers delegated by the board of directors.
The authority for such approvals was previously granted during a board meeting held on October 21, 2023, allowing senior executives to process share allotments under the employee stock option plan.
Employee Stock Options as Incentive
Employee Stock Option Schemes (ESOS) are widely used by companies to reward employees and align their interests with the long-term performance of the organisation.
Through such schemes, employees receive the opportunity to purchase company shares at predetermined prices, enabling them to participate in the company’s growth and value creation.
The allotment under the ICICI Bank Employees Stock Option Scheme-2000 forms part of the bank’s ongoing efforts to attract, retain, and motivate talent across its workforce.
Regulatory Disclosure
The update was formally communicated to stock exchanges through a regulatory filing signed by Prashant Jagjivan Mistry, Associate Leadership Team member at ICICI Bank.
Such disclosures are required under stock market regulations whenever listed companies issue new shares under employee stock option plans.
One of India’s Largest Private Banks
ICICI Bank Limited is among India’s largest private sector banks, offering a wide range of financial services including retail banking, corporate banking, treasury operations, and digital banking solutions.
The bank regularly uses employee stock option plans as part of its long-term talent management and incentive framework.