ICICI Bank Limited — Others, 09-12-2024: ESOP/ESOS/ESPS

ICICI Bank has allotted 606,811 equity shares of face value Rs. 2 each under the Employees Stock Option Scheme-2000. This allotment received approval from two Executive Directors, following the delegation of power by the Board during its recent meeting.

The issuance of new shares could positively impact employee morale and retention, aligning their interests with shareholders while potentially diluting existing shareholdings. This move indicates the bank's commitment to enhancing employee engagement and performance, which may foster a positive outlook among investors regarding the bank's operational strategies.