ICICI Prudential Life Approves Final Dividend of ₹1.65/Share, Appoints New Auditor
ICICI Prudential Life's Board approved audited financials for FY26 and recommended a final dividend of ₹1.65 per share. Walker Chandiok & Co LLP retires as auditor, with Chaturvedi & Co LLP appointed for four years. The company also approved grants of 3.4 million stock options and 0.5 million stock units. Key management changes include resignations and an appointment.
The dividend payout and auditor change are material events. The stock option grants and management changes also have a moderate impact on the company's operations and governance.
The announcement includes a dividend recommendation, which is generally positive for shareholders. The appointment of a new auditor and management changes are routine corporate actions.
ICICI Prudential Life Insurance Company Limited announced the outcome of its Board Meeting held on April 14, 2026. The Board approved the audited financial statements and results (standalone and consolidated) for the quarter and year ended March 31, 2026, with unmodified audit reports from joint statutory auditors Walker Chandiok & Co LLP and M. P. Chitale & Co.
The Board recommended a final dividend of ₹1.65 per equity share of face value ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days of declaration at the AGM.
In a significant change, Walker Chandiok & Co LLP will retire as Joint Statutory Auditor after completing ten years. The Board has appointed Chaturvedi & Co LLP as a new joint statutory auditor for a term of four consecutive years, commencing from the conclusion of the 26th AGM until the 30th AGM, pending shareholder approval.
Additionally, the company approved the grant of stock options and stock units to eligible employees. Up to 3.4 million options were granted under the Employees Stock Option Scheme (2005) at an exercise price of ₹547.00 per option, and up to 0.5 million units under the Employees Stock Unit Scheme – 2023 at an exercise price of ₹10 per unit.
Changes in senior management were also noted. Mr. Rajiv Adhikari will resign as Head – Corporate Communications effective May 31, 2026, and Mr. Amit Palta will resign as Chief Products and Distribution Officer effective May 31, 2026. Mr. Amish Banker has been appointed as Chief Distribution Officer effective April 14, 2026.
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ICICI Prudential Life Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by ICICI Prudential Life Insurance Company Limited. Read the original for the full detail.