Share price at the NSE close on 23 Oct 2026. Previous close ₹431.00.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹61,271 Cr128th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Oct 2026
- 34.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 Oct 2026
- 4.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Oct 2026
- 12.9%
- SolvencySolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. At the end of Sep 2026.
- 2.30times the capital required
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. For the year to Mar 2026.
- ₹53,125 Cr
- First-year premiumFirst-year premium. Premium from the first year of new regular-premium policies, for the period. For the year to Mar 2026.
- ₹8,432 Cr
- Expense ratioExpense ratio. The costs of running the insurance business, commission included, as a percentage of premium, as the insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026.
- 18.10%
- Persistency, 13 monthsPersistency, 13 months. The share of what was sold that is still being paid for 13 months after the sale, by premium or by number of policies, which the filing does not say, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. For the year to Mar 2026.
- 84.50%
- ConservationConservation ratio. This year's renewal premium as a percentage of last year's first-year and renewal premium, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where it is 0, or where it is outside 10% to 150%. For the year to Mar 2026.
- 81.20%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 16,01,00146.1% delivered
ICICI Life Insurance board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonSandeep Batra
- Managing director and CEOAnup Bagchi
- Company Secretary and Compliance OfficerPriya Nair
9 directors5 independent1 executive3 non-executive
- Sandeep Batra · ChairpersonNon-executive · joined Oct 2018 · 4 listed boards · 3 committee seats
- Naveen TahilyaniNon-executive · joined Sep 2025 · 1 listed board · 1 committee seat
- Samit UpadhyayNon-executive · joined Sep 2025 · 1 listed board · 1 committee seat
- Radhakrishna NairIndependent · joined Jul 2017 · reappointed Jul 2022 · 107 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Vibha Paul RishiIndependent · joined Jan 2019 · reappointed Jan 2024 · 90 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 1 as chair
- Naved MasoodIndependent · joined Mar 2024 · reappointed Mar 2024 · 27 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Suresh Choithram VaswaniIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 3 listed boards · 3 as independent · 4 committee seats
- Anuradha BhatiaIndependent · joined Mar 2025 · reappointed Mar 2025 · 15 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Anup Bagchi · Managing director and CEOExecutive · joined Jun 2023 · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- Anuj Bhargava, left 12 Sep 2025: Others
- Solmaz Altin, left 12 Sep 2025: Others
- Dilip Ganesh Karnik, left 9 May 2025: Others
- Dileep Chinubhai Choksi, left 25 Dec 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 May 20269 of 9 present5 independent · 29 days in between
- 14 Apr 20269 of 9 present5 independent · 38 days in between
- 6 Mar 20269 of 9 present5 independent · 28 days in between
- 5 Feb 20268 of 9 present4 independent · 22 days in between
1 earlier meeting
- 13 Jan 20268 of 9 present5 independent
Audit Committee
Chair Radhakrishna Nair
Vibha Paul Rishi, Suresh Choithram Vaswani, Anuradha Bhatia, Samit Upadhyay, Naveen Tahilyani
- 15 Jun 20264 of 6 present4 independent
- 14 May 20266 of 6 present4 independent · 29 days in between
- 14 Apr 20266 of 6 present4 independent · no day in between
- 13 Apr 20265 of 6 present4 independent · 55 days in between
4 earlier meetings
- 16 Feb 20266 of 6 present4 independent · 10 days in between
- 5 Feb 20266 of 6 present4 independent · 22 days in between
- 13 Jan 20265 of 6 present4 independent · no day in between
- 12 Jan 20265 of 6 present4 independent
Nomination and remuneration committee
Chair Radhakrishna Nair
Naved Masood, Vibha Paul Rishi, Anuradha Bhatia, Sandeep Batra, Naveen Tahilyani
- 11 Apr 20266 of 6 present4 independent · 35 days in between
- 6 Mar 20266 of 6 present4 independent · 28 days in between
- 5 Feb 20265 of 6 present3 independent · 25 days in between
- 10 Jan 20266 of 6 present4 independent
Stakeholders Relationship Committee
Chair Naved Masood
Radhakrishna Nair, Anup Bagchi
- 11 Apr 20263 of 3 present2 independent · 88 days in between
- 12 Jan 20263 of 3 present2 independent
Risk Management Committee
Chair Naved Masood
Radhakrishna Nair, Suresh Choithram Vaswani, Sandeep Batra, Naveen Tahilyani, Anup Bagchi, Anand Desai, Dhiren Salian, Souvik Jash
- 11 Apr 20266 of 6 present3 independent · 88 days in between
- 12 Jan 20265 of 6 present3 independent
Corporate Social Responsibility Committee
Chair Anuradha Bhatia
Naved Masood, Naveen Tahilyani
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Sep 2026.
- M.P. Chitale & Co.Peer-review certificate valid to Jul 2028
- Chaturvedi & Co LLPPeer-review certificate valid to Dec 2028
1 earlier auditor
- Walker Chandiok & Co LLPNamed in filings from Mar 2025 to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
ICICI Life Insurance AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.ICICI Life Insurance dividend history
Postal ballot, 19 Sep 2026
3,30,277 shareholders on the register on 14 Aug 2026; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
- Change of Name of the Company and consequent alterations in the Memorandum of Association and Articles of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 91.21% · promoters 100.00% · institutions 82.69% · other public 5.16%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jun 2026, 11 resolutions
3,26,656 shareholders on the register on 23 Jun 2026; present: 2 promoters and 91 others; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
ORDINARY - To receive, consider and adopt: a. The standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2026, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors. b. The consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2026, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.36% · other public 40.59%
- To declare dividend on equity shares.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.00%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
- To appoint a Director in place of Mr. Sandeep Batra (DIN: 03620913), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary98.14% for1.86% against
Against: promoters 0.00% · institutions 9.17% · other public 0.03%
Turnout: all 93.98% · promoters 100.00% · institutions 87.30% · other public 40.59%
To approve appointment of Chaturvedi & Co. LLP (Firm Registration No.: 302137E/E300286), as a Joint Statutory Auditor of the Company, to hold office from the conclusion of the 26th Annual General Meeting till the conclusion of the 30th Annual General Meeting and payment of remuneration, for FY2027MoreLess
Ordinary95.80% for4.20% againstAgainst: promoters 0.00% · institutions 20.75% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
- To consider the remuneration of M. P. Chitale & Co. (Firm Registration No.: 101851W), for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
To consider the assignment of the audit of financial statements of the Company’s IFSC Insurance Office (IIO) at Gujarat International Finance Tec-City, to M. P. Chitale & Co. (Firm Registration No.: 101851W), from FY2026 to FY2028 and payment of remuneration, for FY2026 and FY2027MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
To consider the audit remuneration of Walker Chandiok & Co. LLP, (Firm Registration No.: 001076N/N500013) for the services rendered as Assurance Provider of the Business Responsibility and Sustainability Core Report of the Company for FY2026MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
- To approve the material related party transactions of the Company with ICICI Bank Limited for FY2028OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 21.27% · promoters 0.00% · institutions 87.39% · other public 40.56%
- To approve the material related party transactions of the Company with ICICI Securities Primary Dealership Limited for FY2028OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 21.27% · promoters 0.00% · institutions 87.39% · other public 40.56%
- To approve the remuneration of Mr. Anup Bagchi Managing Director and CEO with effect from April 1, 2026Ordinary99.88% for0.12% against
Against: promoters 0.00% · institutions 0.59% · other public 0.01%
Turnout: all 93.93% · promoters 100.00% · institutions 87.08% · other public 40.59%
- To consider the remuneration of Secretarial Auditor for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 93.99% · promoters 100.00% · institutions 87.39% · other public 40.59%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Oct 2025, 2 resolutions
3,52,249 shareholders on the register on 12 Sep 2025; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Naveen Tahilyani (DIN: 06594510), as a Non- Executive Director of the Company, liable to retire by rotation.Ordinary99.15% for0.85% against
Against: promoters 0.00% · institutions 4.38% · other public 0.31%
Turnout: all 90.97% · promoters 100.00% · institutions 82.08% · other public 6.20%
- Appointment of Mr. Samit Upadhyay (DIN: 11288692), as a Non- Executive Director of the Company, liable to retire by rotation.Ordinary99.28% for0.72% against
Against: promoters 0.00% · institutions 3.73% · other public 0.34%
Turnout: all 90.89% · promoters 100.00% · institutions 81.70% · other public 6.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Jun 2025, 11 resolutions
3,47,405 shareholders on the register on 20 Jun 2025; present: 2 promoters and 82 others; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt: a. The standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2025, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors and b. The consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2025, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 91.23% · promoters 100.00% · institutions 82.74% · other public 7.69%
- To declare dividend of ₹ 0.85 per equity share of the Company for the financial year ended March 31, 2025.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.19% · other public 0.01%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
- To appoint a Director in place of Mr. Anuj Bhargava (DIN:02647635), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.13% for0.87% against
Against: promoters 0.00% · institutions 4.44% · other public 0.06%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
To consider the payment of an audit remuneration to M. P. Chitale & Co. (Firm Registration No.: 101851W) and Walker Chandiok & Co. LLP (Firm Registration No.: 001076N/N500013), in connection with the audit of the accounts of the Company for FY2026, the Group Reporting Pack for FY2025 & FY2026 and the issue of non-convertible debentures amounting to ₹ 14.00 billion in FY2025.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.68%
- To consider the payment of remuneration to M. P. Chitale & Co. (Firm Registration No.: 101851W) for limited review of Ind AS compliant proforma financial statements for FY2025 and FY2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
To consider the payment of an audit remuneration to Walker Chandiok & Co., LLP, (Firm Registration No.: 001076N/N500013) for the services rendered as Assurance Provider for the Business Responsibility and Sustainability Core Report of the Company for FY2025.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
- To approve the appointment and payment of remuneration to Secretarial Auditor.Ordinary99.97% for0.04% against
Against: promoters 0.00% · institutions 0.18% · other public 0.02%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
To approve revised thresholds for material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/secondary market for FY2027.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 18.28% · promoters 0.00% · institutions 82.78% · other public 7.68%
- To approve material related party transactions with ICICI Bank Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 18.28% · promoters 0.00% · institutions 82.78% · other public 7.68%
- To approve the remuneration of Mr. Anup Bagchi Managing Director and CEO with effect from April 1, 2025.Ordinary99.74% for0.26% against
Against: promoters 0.00% · institutions 1.31% · other public 0.04%
Turnout: all 91.24% · promoters 100.00% · institutions 82.78% · other public 7.69%
- To approve amendment to the Employee Stock Option Scheme of the Company.Special94.43% for5.57% against
Against: promoters 0.00% · institutions 29.50% · other public 94.72%
Turnout: all 88.79% · promoters 100.00% · institutions 71.42% · other public 7.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 18 Apr 2025, 1 resolution
3,37,480 shareholders on the register on 12 Mar 2025; votes counted by Mitesh Dhabliwala / Ms/ Parikh & Associates.The company's voting result (opens in a new tab)
- Appointment of Ms. Anuradha Bhatia (DIN: 07278138), as an Independent Director of the Company for a period of five consecutive years commencing from March 12, 2025 to March 11, 2030.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.19% · other public 0.17%
Turnout: all 91.06% · promoters 100.00% · institutions 81.53% · other public 6.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 29 Aug 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Suresh Vaswani (DIN: 02176528), as an Independent Director of the Company, not liable to retire by rotation.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.37%
Turnout: all 90.88% · promoters 100.00% · institutions 79.70% · other public 5.94%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Jun 2024, 11 resolutions
Present: 2 promoters and 81 others.The company's voting result (opens in a new tab)
To receive, consider and adopt:nna.tThe standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2024, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors.nb.tThe consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2024, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.12% · other public 0.01%
Turnout: all 95.67% · promoters 100.00% · institutions 92.87% · other public 45.37%
- To declare dividend of ₹ 0.60 per equity share of the Company for the financial year ended March 31, 2024Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.07% · other public 0.01%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
- To appoint a Director in place of Mr. Sandeep Batra (DIN: 03620913), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary98.76% for1.24% against
Against: promoters 0.00% · institutions 5.86% · other public 0.02%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
To approve appointment and remuneration of M. P. Chitale & Co. bearing ICAI registration number 101851W, as a Joint Statutory Auditor of the Company, to hold office from the conclusion of the 24th Annual General Meeting till the conclusion of the 28th Annual General Meeting.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
- To consider the audit remuneration of Walker Chandiok & Co. LLP, bearing ICAI registration number 001076N/N500013, in connection with the audit of the accounts of the Company for FY2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
To consider audit remuneration of Walker Chandiok & Co. LLP, bearing ICAI registration number 001076N/N500013, for the services rendered as Assurance Provider for the Business Responsibility and Sustainability Report for FY2024.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
To approve revised thresholds for material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/ secondary market for FY2025.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 22.49% · promoters 0.00% · institutions 92.92% · other public 45.29%
- To approve material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/ secondary market for FY2026.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 22.49% · promoters 0.00% · institutions 92.92% · other public 45.29%
- To approve related party transactions with ICICI Bank Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 22.49% · promoters 0.00% · institutions 92.92% · other public 45.29%
- To approve the remuneration of Mr. Anup Bagchi, Managing Director and ChiefnExecutive Officer with effect from April 1, 2024.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 1.31% · other public 0.02%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
- To approve revision in the quantum of profit related commission payable to the Non-Executive Independent Directors of the Company.Ordinary98.84% for1.16% against
Against: promoters 0.00% · institutions 5.48% · other public 0.03%
Turnout: all 95.68% · promoters 100.00% · institutions 92.92% · other public 45.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 20 Apr 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Naved Masood (DIN: 02126497) as an Non-Executive Independent Director of the CompanySpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.14% · other public 0.98%
Turnout: all 91.25% · promoters 100.00% · institutions 81.73% · other public 8.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 19 Sep 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)
- Change of Name of the Company and consequent alterations in the Memorandum of Association and Articles of Association of the Company15 for0 against
Mutual fund votes, meeting of 30 Jun 2026, 35 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
ORDINARY - To receive, consider and adopt: a. The standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2026, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors. b. The consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2026, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
33 for0 against- To declare dividend on equity shares.35 for0 against
- To appoint a Director in place of Mr. Sandeep Batra (DIN: 03620913), who retires by rotation and being eligible, offers himself for re-appointment.
Against Quantum Mutual Fund
- Quantum Mutual FundThe management of ICICI bank in March 2025 acquired minority shares in its subsidiary ICICI Securities at a share swap ratio which was detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank directors including Mr. Sandeep Batra. The board members including Mr. Sandeep Batra failed in their fiduciary duty to ensure fair treatment of minority shareholders. The poor swap ratio has already caused significant reputational damage for ICICI Bank. Therefore, we are not in favour of the reappointment of Mr. Sandeep Batra in any board position for ICICI group including ICICI prudential life insurance
34 for1 against To approve appointment of Chaturvedi & Co. LLP (Firm Registration No.: 302137E/E300286), as a Joint Statutory Auditor of the Company, to hold office from the conclusion of the 26th Annual General Meeting till the conclusion of the 30th Annual General Meeting and payment of remuneration, for FY2027MoreLess
Against Bank of India Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund
- Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, SBI Mutual Fund, Sundaram Mutual FundChaturvedi & Co. LLP will replace Walker Chandiok & Co. LLP as one of the joint statutory auditors from the conclusion of the 2026 AGM. Walker Chandiok & Co. LLP have completed ten years as statutory auditors and their term will expire at the conclusion of 2026 AGM. The remuneration for Chaturvedi & Co. LLP as one of the joint auditors for FY27 is proposed at Rs. 11.98 mn including certifications plus applicable taxes and reimbursement of out-of-pocket expenses (subject to 5% of audit remuneration). For FY27, the total auditor remuneration is Rs. 23.96 mn including charges for certifications plus out of pocket expenses (subject to a maximum of 5% of the audit remuneration) and applicable taxes (See resolution #5). For FY26, the remuneration for joint statutory auditors was also Rs. 23.96 mn plus out of pocket expenses (subject to a maximum of 5% of the audit remuneration) and applicable taxes. The proposed remuneration for FY27 is unchanged from FY26. The company also proposes to pay additional remuneration to the statutory auditors of Rs. 1.00 mn, plus out of pocket expenses (subject to a maximum of five percent of the audit remuneration) and taxes for review / audit of the Group Reporting Pack for FY27. We believe the audit remuneration is reasonable and commensurate with the size and operations of the company. Notwithstanding, we note that Chaturvedi & Co. LLP have been statutory auditors of ICICI Group company’s: ICICI Lombard General Insurance Company Limited for ten years from FY14 to FY23, ICICI Securities Primary Dealership in FY24 and ICICI Pension Funds Management Limited (erstwhile subsidiary of the company and now a subsidiary of ICICI bank from January 2026) from FY24 to FY26. While the appointment is in line with statutory requirements, we raise concerns over auditor independence and objectivity given the long and continued association with the group. Since the overall association of Chaturvedi & Co. LLP with the group exceeds ten years, we are unable to support their appointment.
- HDFC Mutual FundChaturvedi & Co. LLP will replace Walker Chandiok & Co. LLP as one of the joint statutory auditors from the conclusion of the 2026 AGM. Chaturvedi & Co. LLP have been statutory auditors of ICICI Group company’s: ICICI Lombard General Insurance Company Limited for ten years from FY14 to FY23, ICICI Securities Primary Dealership in FY24 and ICICI Pension Funds Management Limited (erstwhile subsidiary of the company and now a subsidiary of ICICI bank from January 2026) from FY24 to FY26. Given the extended association of the auditor with group companies, we do not support the resolution.
- Invesco Mutual FundChaturvedi & Co. LLP will replace Walker Chandiok & Co. LLP as one of the joint statutory auditors from the conclusion of the 2026 AGM. Walker Chandiok & Co. LLP have completed ten years as statutory auditors and their term will expire at the conclusion of 2026 AGM. The remuneration for Chaturvedi & Co. LLP as one of the joint auditors for FY27 is proposed at Rs. 11.98 mn including certifications plus applicable taxes and reimbursement of out-of-pocket expenses (subject to 5% of audit remuneration). For FY27, the total auditor remuneration is Rs. 23.96 mn including charges for certifications plus out of pocket expenses (subject to a maximum of 5% of the audit remuneration) and applicable taxes. For FY26, the remuneration for joint statutory auditors was also Rs. 23.96 mn plus out of pocket expenses (subject to a maximum of 5% of the audit remuneration) and applicable taxes. The proposed remuneration for FY27 is unchanged from FY26. The company also proposes to pay additional remuneration to the statutory auditors of Rs. 1.00 mn, plus out of pocket expenses (subject to a maximum of five percent of the audit remuneration) and taxes for review / audit of the Group Reporting Pack for FY27. We believe the audit remuneration is reasonable and commensurate with the size and operations of the company Notwithstanding, we note that Chaturvedi & Co. LLP have been statutory auditors of ICICI Group company’s: ICICI Lombard General Insurance Company Limited for ten years from FY14 to FY23, ICICI Securities Primary Dealership in FY24 and ICICI Pension Funds Management Limited (erstwhile subsidiary of the company and now a subsidiary of ICICI bank from January 2026) from FY24 to FY26. While the appointment is in line with statutory requirements, we raise concerns over auditor independence and objectivity given the long and continued association with the group. Since the overall association of Chaturvedi & Co. LLP with the group exceeds ten years, we are unable to support their appointment
28 for7 against- To consider the remuneration of M. P. Chitale & Co. (Firm Registration No.: 101851W), for FY202735 for0 against
To consider the assignment of the audit of financial statements of the Company’s IFSC Insurance Office (IIO) at Gujarat International Finance Tec-City, to M. P. Chitale & Co. (Firm Registration No.: 101851W), from FY2026 to FY2028 and payment of remuneration, for FY2026 and FY2027MoreLess
35 for0 againstTo consider the audit remuneration of Walker Chandiok & Co. LLP, (Firm Registration No.: 001076N/N500013) for the services rendered as Assurance Provider of the Business Responsibility and Sustainability Core Report of the Company for FY2026MoreLess
35 for0 against- To approve the material related party transactions of the Company with ICICI Bank Limited for FY202835 for0 against
- To approve the material related party transactions of the Company with ICICI Securities Primary Dealership Limited for FY202835 for0 against
- To approve the remuneration of Mr. Anup Bagchi Managing Director and CEO with effect from April 1, 202635 for0 against
- To consider the remuneration of Secretarial Auditor for FY202735 for0 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports2 for0 against
6 earlier meetings
Mutual fund votes, meeting of 19 Oct 2025, 32 fund houses
- Appointment of Mr. Naveen Tahilyani (DIN: 06594510), as a Non- Executive Director of the Company, liable to retire by rotation.32 for0 against
- Appointment of Mr. Samit Upadhyay (DIN: 11288692), as a Non- Executive Director of the Company, liable to retire by rotation.32 for0 against
Mutual fund votes, meeting of 27 Jun 2025, 31 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt: a. The standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2025, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors and b. The consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2025, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
27 for0 against- To declare dividend of ₹ 0.85 per equity share of the Company for the financial year ended March 31, 2025.31 for0 against
- To appoint a Director in place of Mr. Anuj Bhargava (DIN:02647635), who retires by rotation and being eligible, offers himself for re-appointment.31 for0 against
To consider the payment of an audit remuneration to M. P. Chitale & Co. (Firm Registration No.: 101851W) and Walker Chandiok & Co. LLP (Firm Registration No.: 001076N/N500013), in connection with the audit of the accounts of the Company for FY2026, the Group Reporting Pack for FY2025 & FY2026 and the issue of non-convertible debentures amounting to ₹ 14.00 billion in FY2025.MoreLess
29 for0 against- To consider the payment of remuneration to M. P. Chitale & Co. (Firm Registration No.: 101851W) for limited review of Ind AS compliant proforma financial statements for FY2025 and FY2026.29 for0 against
To consider the payment of an audit remuneration to Walker Chandiok & Co., LLP, (Firm Registration No.: 001076N/N500013) for the services rendered as Assurance Provider for the Business Responsibility and Sustainability Core Report of the Company for FY2025.MoreLess
29 for0 against- To approve the appointment and payment of remuneration to Secretarial Auditor.
Against Edelweiss Mutual Fund, Groww Mutual Fund
- Edelweiss Mutual Fund, Groww Mutual FundGovernance and Transparency Concern: No rationale / justification provided for material change in remuneration.
29 for2 against To approve revised thresholds for material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/secondary market for FY2027.MoreLess
27 for0 against- To approve material related party transactions with ICICI Bank Limited.31 for0 against
- To approve the remuneration of Mr. Anup Bagchi Managing Director and CEO with effect from April 1, 2025.31 for0 against
- To approve amendment to the Employee Stock Option Scheme of the Company.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundExercise price not disclosed adequately in the scheme.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo issue in increase in number of ESOPs, The Scheme is Non-Compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise price not disclosed adequately in the scheme.
- HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The aggregate dilution pursuant to the proposed amendment is in excess of 5 percent. • The company has not disclosed the exercise price or pricing formula at which the options will be granted.While historically the grants have been made at market price, the authority permits stock options to beissued with an exercise price at a discount to the market price as on date of grant.
- LIC Mutual FundConcerns over the Exercise price not being disclosed adequately in the scheme.
- PPFAS Mutual FundExercise price not disclosed
18 for9 against
9 proposals not matched to one resolution
11) Approve increase in aggregate number of shares issuable under the ICICI Prudential Life Insurance Company Limited – Employees Stock Option Scheme (2005) to up to 5.30% of the number of shares issued as on 31 March 2016 from up to 3.54% of the number of shares issued as on 31 March 2016.MoreLess
1 for0 against8) Approve related party transactions for purchase and sale of securities for FY27 aggregating individually upto Rs. 150.0 bn each with ICICI Bank Limited (ICICI Bank) and ICICI Securities Primary Dealership Limited (ICICI Securities) and upto Rs. 50 bn individually with ICICI Lombard General Insurance Company Limited (ICICIGI).MoreLess
1 for0 against- Accept Financial Statements and Statutory Reports2 for0 against
- Adoption of standalone and consolidated financial statements for the year ended 31 March 20252 for0 against
Approve increase in aggregate number of shares issuable under the ICICI Prudential Life Insurance Company Limited – Employees Stock Option Scheme (2005) to up to 5.30% of the number of shares issued as on 31 March 2016 from up to 3.54% of the number of shares issued as on 31 March 2016MoreLess
3 for0 againstApprove related party transactions for purchase and sale of securities for FY27 aggregating individually upto Rs. 150.0 bn each with ICICI Bank Limited (ICICI Bank) and ICICI Securities Primary Dealership Limited (ICICI Securities) and upto Rs. 50 bn individually with ICICI Lombard General Insurance Company Limited (ICICIGI)MoreLess
3 for0 against- Authorize Board to Fix Remuneration of M. P. Chitale & Co as Auditors for FY2025 and FY20262 for0 against
- Authorize Board to Fix Remuneration of Walker Chandiok & Co. LLP as Auditors for FY20252 for0 against
- Authorize Board to Fix Remuneration of Walker Chandiok & Co. LLP as Auditors for FY20262 for0 against
Mutual fund votes, meeting of 18 Apr 2025, 29 fund houses
- Appointment of Ms. Anuradha Bhatia (DIN: 07278138), as an Independent Director of the Company for a period of five consecutive years commencing from March 12, 2025 to March 11, 2030.29 for0 against
Mutual fund votes, meeting of 29 Aug 2024, 26 fund houses
- Appointment of Mr. Suresh Vaswani (DIN: 02176528), as an Independent Director of the Company, not liable to retire by rotation.26 for0 against
Mutual fund votes, meeting of 28 Jun 2024, 26 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt:nna.tThe standalone Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2024, the Balance Sheet as at that date, together with the Reports of the Directors and Auditors.nb.tThe consolidated Audited Revenue Account, Profit and Loss Account and Receipts and Payments Account of the Company for the financial year ended March 31, 2024, the Balance Sheet as at that date, together with the Report of the Auditors.MoreLess
22 for0 against- To declare dividend of ₹ 0.60 per equity share of the Company for the financial year ended March 31, 202426 for0 against
- To appoint a Director in place of Mr. Sandeep Batra (DIN: 03620913), who retires by rotation, and being eligible, offers himself for re-appointment.
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile and time commitments of Mr. Sandeep Batra. We take note of the fact he holds the position of Executive Director in ICICI Bank and holds shares in the bank. Recently, the management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed ICICI Bank Directors including Mr. Batra nor did he recuse himself from voting for the merger. The poor swap ratio has already caused significant reputational damage for ICICI Bank . Therefore, we are not in favour of the appointment of Mr. Batra.
25 for1 against To approve appointment and remuneration of M. P. Chitale & Co. bearing ICAI registration number 101851W, as a Joint Statutory Auditor of the Company, to hold office from the conclusion of the 24th Annual General Meeting till the conclusion of the 28th Annual General Meeting.MoreLess
24 for0 against- To consider the audit remuneration of Walker Chandiok & Co. LLP, bearing ICAI registration number 001076N/N500013, in connection with the audit of the accounts of the Company for FY2025.21 for0 against
To consider audit remuneration of Walker Chandiok & Co. LLP, bearing ICAI registration number 001076N/N500013, for the services rendered as Assurance Provider for the Business Responsibility and Sustainability Report for FY2024.MoreLess
21 for0 againstTo approve revised thresholds for material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/ secondary market for FY2025.MoreLess
21 for0 against- To approve material related party transactions pertaining to the purchase and/ or sale of securities issued by related/non-related entities in primary/ secondary market for FY2026.20 for0 against
- To approve related party transactions with ICICI Bank Limited.24 for0 against
- To approve the remuneration of Mr. Anup Bagchi, Managing Director and ChiefnExecutive Officer with effect from April 1, 2024.26 for0 against
- To approve revision in the quantum of profit related commission payable to the Non-Executive Independent Directors of the Company.
Against DSP Mutual Fund, Invesco Mutual Fund, Sundaram Mutual Fund
- DSP Mutual Fund, Sundaram Mutual FundThe company seeks approval to increase the profit linked commission payable to all non-executive independent directors to Rs. 2.0 mn per annum to each independent director for their contribution to the company’s business. In the last four years the aggregate commission to independent directors ranged between 0.05% to 0.07% of profits. The commission payable is in line with market practices. However, the resolution is perpetual in nature. We do not support the resolution as it does not give shareholders an opportunity to vote on the commission payable to non-executive directors on a periodic basis.
- Invesco Mutual FundThe company seeks approval to increase the profit linked commission payable to all non-executive independent directors to Rs. 2.0 mn per annum to each independent director for their contribution to the company’s business. In the last four years the aggregate commission to independent directors ranged between 0.05% to 0.07% of profits. The commission payable is in line with market practices. However, the resolution is perpetual in nature. We do not support the resolution as it does not give shareholders an opportunity to vote on the commission payable to non-executive directors on a periodic basis
19 for3 against
15 proposals not matched to one resolution
- 5) Approve remuneration of Rs. 11.98 mn to be paid to Walker Chandiok & Co. LLP: joint statutory auditors for FY25.1 for0 against
- 6) Approve additional remuneration of Rs. 1.0 mn to be paid to Walker Chandiok & Co. LLP, Joint statutory auditor for FY24.1 for0 against
7) Approve revision in related party transaction limits for purchase and sale of investments, individually, in FY25 with ICICI Bank Limited and ICICI Securities Primary Dealership Limited upto Rs. 150.0 bn with each entity.MoreLess
1 for0 against8) Approve related party transactions for purchase and sale of securities for FY26 aggregating individually upto Rs. 150.0 bn each with ICICI Bank Limited (ICICI Bank) and ICICI Securities Primary Dealership Limited (ICICI Securities) and upto Rs. 50 bn with ICICI Lombard General Insurance Company Limited (ICICIGI).MoreLess
1 for0 against- Accept Financial Statements and Statutory Reports2 for0 against
- Adoption of standalone and consolidated financial statements for the year ended 31 March 20242 for0 against
Appoint M. P. Chitale & Co. as one of the Joint Statutory auditors for four years from the conclusion of the 2024 AGM till the conclusion of the 2028 AGM and fix their remuneration at Rs. 11.98 mn for FY25MoreLess
2 for0 against- Approve additional remuneration of Rs. 1.0 mn to be paid to Walker Chandiok & Co. LLP, Joint statutory auditor for FY244 for0 against
Approve related party transactions for purchase and sale of securities for FY26 aggregating individually upto Rs. 150.0 bn each with ICICI Bank Limited (ICICI Bank) and ICICI Securities Primary Dealership Limited (ICICI Securities) and upto Rs. 50 bn with ICICI Lombard General Insurance Company Limited (ICICIGI)MoreLess
4 for0 against- Approve related party transactions for regular banking transactions with ICICI Bank Limited company for FY262 for0 against
- Approve remuneration of Rs. 11.98 mn to be paid to Walker Chandiok & Co. LLP: joint statutory auditors for FY254 for0 against
- Approve revision in profit linked commission payable to Non-executive Independent Directors to Rs. 2.0 mn from Rs. 1.0 mn, not exceeding 1% of net profits from FY25 onwards
Against Navi Mutual Fund
- Navi Mutual FundThe company seeks approval to increase the profit linked commission payable to all non-executive independent directors to Rs. 2.0 mn per annum to each independent director for their contribution to the company’s business. In the last four years the aggregate commission to independent directors ranged between 0.05% to 0.07% of profits. The commission payable is in line with market practices. However, the resolution is perpetual in nature. We do not support the resolution as it does not give shareholders an opportunity to vote on the commission payable to non-executive directors on a periodic basis.
1 for1 against Approve revision in related party transaction limits for purchase and sale of investments, individually, in FY25 with ICICI Bank Limited and ICICI Securities Primary Dealership Limited upto Rs. 150.0 bn with each entityMoreLess
4 for0 againstIncrease in remuneration in the form of profit related commission to each Non-Executive Independent Director of the Company from Rs. 1 million per annum to Rs. 2 million per annum for each year, effective from financial year commencing from April 1, 2024.MoreLess
2 for0 against- To approve material related party transactions pertaining to the purchase and/ or sale of securities issued by related/ nonrelated entities in primary/ secondary market for FY 2026.1 for0 against
Mutual fund votes, meeting of 20 Apr 2024, 26 fund houses
- Appointment of Mr. Naved Masood (DIN: 02126497) as an Non-Executive Independent Director of the Company26 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeJoint/additional Commissioner of CGST & CEX, ThaneSince 26 Apr 2023An appeal before GST Appellate Tribunal (GSTAT) is filed against the appellate order.At the filing before: No change in the status as reported to exchange
- Tax disputeDeputy Commissioner of State Tax, Maharashtra State & Joint Commissioner of State Tax, Maharashtra StateSince 26 Dec 2023An appeal before GST Appellate Tribunal (GSTAT) is filed against the appellate order.At the filing before: No change in the status as reported to exchange
- Tax disputeDeputy Commissioner of State Tax, Maharashtra State & Joint Commissioner of State Tax, Maharashtra StateSince 29 Apr 2024An appeal before GST Appellate Tribunal (GSTAT) is filed against the appellate order.At the filing before: No change in the status as reported to exchange
- Tax disputeAssistant Commissioner of Income tax, Central Circle 6(2), MumbaiSince 23 Mar 2026The Company has filed an appeal before Commissioner of Income Tax (Appeals) & is pending for adjudication before said authority.At the filing before: The Company shall file an appeal against said order before appellate authority within due course.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.