ICICI Bank 32nd AGM Approves All Resolutions

Meeting Details

The 32nd Annual General Meeting of ICICI Bank Limited was held on Friday, August 21, 2026 at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The meeting concluded at 01:50 p.m. IST.

Attendance

Chairperson: Mr. Pradeep Kumar Sinha, Non-Executive (part-time) Chairperson

Directors and Key Managerial Personnel Present:

Mr. B. Sriram, Non-Executive Independent Director
Mr. S. Madhavan, Non-Executive Independent Director
Ms. Vibha Paul Rishi, Non-Executive Independent Director
Mr. Rohit Bhasin, Non-Executive Independent Director
Mr. Punit Sood, Non-Executive Independent Director
Mrs. Vijayalakshmi Iyer, Non-Executive Independent Director
Mr. Ashwani Bhatia, Non-Executive Independent Director
Mr. Mrugank Paranjape, Non-Executive Independent Director
Mr. Sandeep Bakhshi, Managing Director & Chief Executive Officer
Mr. Sandeep Batra, Executive Director
Mr. Rakesh Jha, Executive Director
Mr. Ajay Kumar Gupta, Executive Director
Mr. Anindya Banerjee, Group Chief Financial Officer
Ms. Prachiti Lalingkar, Company Secretary

Other Attendees: Authorized representatives of M/s. B S R & Co. LLP (Chartered Accountants), M/s. C N K & Associates LLP (Chartered Accountants), and M/s. Parikh Parekh & Associates (Company Secretaries).

Voting Process

Remote e-voting commenced on Monday, August 17, 2026 (9:00 a.m. IST) and ended on Thursday, August 20, 2026 (5:00 p.m. IST). E-voting during the AGM was available for fifteen minutes for members who had not voted remotely. The cut-off date for determining voting rights was August 14, 2026.

Scrutinizer: Ms. Vinita Nair of Vinod Kothari & Company, Practicing Company Secretaries was appointed to scrutinize the voting process.

Resolutions and Voting Results

All 18 resolutions set out in the Notice of AGM dated July 18, 2026 were passed by members with requisite majority based on the consolidated Scrutinizer's report dated August 21, 2026.

Ordinary Business

Resolution 1: Adoption of audited standalone and consolidated financial statements for FY2026

Votes in Favour: 5,92,11,06,140 (99.6499%)
Votes Against: 2,08,05,275 (0.3501%)
Invalid Votes: 0

Resolution 2: Declaration of dividend on equity shares for FY2026

Votes in Favour: 5,94,20,88,633 (99.9623%)
Votes Against: 22,40,045 (0.0377%)
Invalid Votes: 0

Resolution 3: Re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as Director

Votes in Favour: 5,71,24,78,717 (96.1188%)
Votes Against: 23,06,66,640 (3.8812%)
Invalid Votes: 0

Special Business

Resolution 4: Appointment of Mr. Ashwani Bhatia (DIN: 07423221) as Independent Director (5-year term from June 1, 2026)

Votes in Favour: 5,88,42,11,964 (99.0476%)
Votes Against: 5,65,82,908 (0.9524%)
Invalid Votes: 0

Resolution 5: Appointment of Mr. Mrugank Paranjape (DIN: 02162026) as Independent Director (5-year term from August 1, 2026)

Votes in Favour: 5,79,93,88,610 (97.6195%)
Votes Against: 14,14,20,209 (2.3805%)
Invalid Votes: 0

Resolution 6: Re-appointment of Ms. Vibha Paul Rishi (DIN: 05180796) as Independent Director (second term from January 23, 2027 to December 31, 2028)

Votes in Favour: 5,65,98,44,119 (95.2143%)
Votes Against: 28,44,76,115 (4.7857%)
Invalid Votes: 0

Resolution 7: Revision in remuneration of Mr. Sandeep Bakhshi

Votes in Favour: 5,88,49,69,019 (99.0209%)
Votes Against: 5,81,86,993 (0.9791%)
Invalid Votes: 0

Resolution 8: Revision in remuneration of Mr. Sandeep Batra

Votes in Favour: 5,88,53,47,013 (99.0080%)
Votes Against: 5,89,65,030 (0.9920%)
Invalid Votes: 0

Resolution 9: Revision in remuneration of Mr. Rakesh Jha

Votes in Favour: 5,88,52,70,252 (99.0079%)
Votes Against: 5,89,75,137 (0.9921%)
Invalid Votes: 0

Resolution 10: Revision in remuneration of Mr. Ajay Kumar Gupta

Votes in Favour: 5,88,53,23,553 (99.0079%)
Votes Against: 5,89,73,729 (0.9921%)
Invalid Votes: 0

Resolution 11: Re-appointment of Mr. Sandeep Bakhshi as MD & CEO (2-year term from October 4, 2026)

Votes in Favour: 5,75,33,82,666 (96.8067%)
Votes Against: 18,97,82,822 (3.1933%)
Invalid Votes: 0

Resolution 12: Re-appointment of Mr. Ajay Kumar Gupta as Executive Director (2-year term from November 27, 2026)

Votes in Favour: 5,75,98,41,841 (96.8967%)
Votes Against: 18,44,67,565 (3.1033%)
Invalid Votes: 0

Resolution 13: Material Related Party Transactions with ICICI Prudential Life Insurance Company Limited for FY2028

Votes in Favour: 5,93,62,30,073 (99.9384%)
Votes Against: 36,56,171 (0.0616%)
Invalid Votes: 33,14,152

Resolution 14: Material Related Party Transactions with ICICI Lombard General Insurance Company Limited for FY2028

Votes in Favour: 5,93,62,23,234 (99.9383%)
Votes Against: 36,62,454 (0.0617%)
Invalid Votes: 32,67,362

Resolution 15: Material Related Party Transactions with India Infradebt Limited for FY2028

Votes in Favour: 5,93,62,05,777 (99.9383%)
Votes Against: 36,63,537 (0.0617%)
Invalid Votes: 33,14,152

Resolution 16: Material Related Party Transactions of ICICI Securities Primary Dealership Limited with ICICI Prudential Life Insurance Company Limited for FY2028

Votes in Favour: 5,93,62,13,342 (99.9382%)
Votes Against: 36,70,450 (0.0618%)
Invalid Votes: 33,14,152

Resolution 17: Material Related Party Transactions of ICICI Securities Primary Dealership Limited with ICICI Lombard General Insurance Company Limited for FY2028

Votes in Favour: 5,93,58,02,650 (99.9385%)
Votes Against: 36,55,203 (0.0615%)
Invalid Votes: 32,67,362

Resolution 18: Material Related Party Transactions of ICICI Securities Primary Dealership Limited with India Infradebt Limited for FY2028

Votes in Favour: 5,93,58,07,134 (99.9385%)
Votes Against: 36,55,319 (0.0615%)
Invalid Votes: 33,14,152

Additional Information

Votes from related parties for Resolution Nos. 13-18 were not considered and regarded as invalid as per Regulation 23 of SEBI Listing Regulations
For ADS holders, the cut-off date was July 21, 2026
Public notices regarding the AGM were published in Financial Express, Business Standard, Indian Express, and Vadodara Samachar on July 7 and July 20, 2026