ICICI Bank Limited — Important, 11-03-2025: General Updates

ICICI Securities has confirmed the fulfillment of all conditions for the effectiveness of the Scheme of Arrangement with ICICI Bank and its shareholders. As per the approved plan, March 24, 2025, has been set as the 'Record Date' to identify public shareholders whose equity shares in ICICI Securities will be cancelled. These shareholders will receive new equity shares of ICICI Bank based on the agreed swap ratio in the Scheme. This strategic move indicates ongoing efforts to streamline operations and may enhance shareholder value as the integration progresses. Investors should monitor this development closely for potential impacts on share performance and corporate positioning.