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ICICI Prudential Life Announces Postal Ballot for Independent Director Appointment

ICICI Prudential Life Seeks Approval for New Independent Director

Mumbai, India - ICICI Prudential Life Insurance Company Limited has announced a postal ballot to seek shareholder approval for the appointment of Mr. Suresh Vaswani as an Independent Director. The voting process will be conducted electronically, beginning on July 31, 2024, and concluding on August 29, 2024.

Details of the Postal Ballot

Purpose of the Postal Ballot

ICICI Prudential Life is seeking shareholder approval for the appointment of Mr. Suresh Vaswani as an Independent Director. The appointment is proposed as a Special Resolution, requiring a majority vote for approval.

Voting Schedule and Process

• Voting Period: July 31, 2024, to August 29, 2024
• Voting Method: Remote e-voting facilitated by National Securities Depository Limited (NSDL)
• Eligibility: Shareholders holding shares as of the cut-off date, July 23, 2024

Steps for E-Voting:

Login to NSDL E-Voting System:

• Visit NSDL E-Voting Website
• Use your User ID and Password to login

Cast Your Vote:

• Select the “EVEN” of ICICI Prudential Life Insurance
• Choose the resolution and cast your vote (Assent/Dissent)

For detailed instructions, visit ICICI Prudential Life’s Voting Instructions Page.

About the Nominee

Mr. Suresh Vaswani is a seasoned technology and IT services leader with over three decades of experience. His impressive track record includes leadership roles at Dell, IBM, and Wipro. He has also served on the boards of several companies and brings a wealth of expertise in business transformation and strategic growth.

• Qualifications: B. Tech (IIT Kharagpur), MBA (IIM Ahmedabad)
• Experience: Leadership roles at Dell, IBM, Wipro; Board member of several companies
• Current Roles: Independent Director at Vodafone Idea Limited, Mastek Limited; Founder-Chairman of Alphatron Capital

For more details on Mr. Vaswani's qualifications and experience, visit the ICICI Prudential Life Website.

Important Information

• Voting Rights: Proportional to the shareholder's stake in the company as of the cut-off date
• Result Announcement: On or before September 2, 2024
• Documentation: The notice and explanatory statement are available on ICICI Prudential Life’s Website.

Contact Information:

• Priya Nair
  • Company Secretary
  • Email: investor@iciciprulife.com

For further details, shareholders can access the postal ballot notice on the company’s official website and NSDL’s e-voting platform.