ICICI Bank Seeks Shareholder Approval for Independent Director Appointment

ICICI Bank has announced that it will seek shareholder approval through a postal ballot for the appointment of Ms. Vijayalakshmi Iyer as an Independent Director of the bank.

The lender informed stock exchanges that the approval will be sought via remote e-voting, in line with regulatory requirements. The proposal will be placed before shareholders as a special resolution.

Ms. Iyer was appointed as an Additional Independent Director by ICICI Bank’s board in October 2025, subject to shareholder approval. If approved, her tenure as Independent Director will be effective from December 1, 2025 to May 31, 2030.

According to the bank, the e-voting window will open on January 27, 2026, and will remain open until February 25, 2026. The results of the postal ballot are expected to be declared on or before February 27, 2026.

The postal ballot notice has been issued in electronic form only to shareholders whose email addresses are registered with the bank or depositories.

ICICI Bank stated that the board has recommended the proposal, citing Ms. Iyer’s extensive experience in banking and finance. She has previously served as the Chairman and Managing Director of Bank of India and has held several leadership roles across the financial sector.