BSEGeneral20h ago · 2 Oct 2026, 04:59 pm
Change in Directorate
ICICI Prudential Life Insurance Company Ltd · 540133
✦ AI SummaryMgmt Change
ICICI Prudential Life Insurance Company Ltd announces change in directorate, with Anup Bagchi resigning as Managing Director and CEO, and Sidharatha Mishra being appointed as Additional Director and CEO. The Board appreciates Anup Bagchi's contribution to the company's growth and success over three decades.
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Full Announcement
ICICI Prudential Life Insurance Company Ltd - 540133 - Board Meeting Outcome for Change In Directorate
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October 2, 2026
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers ‘Exchange Plaza’
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Dear Sir/Madam,
Scrip Code: Equity (BSE: 540133/NSE: ICICIPRULI) Debt (NSE: ICPR34, ICPR35)
Ref: Change in Directorate – Disclosure as per Regulation 30 and 51 of the SEBI (Listing
Regulations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)
The Board of Directors (the Board), on the recommendation of the Board Nomination and
Remuneration Committee (BNRC), at their meeting held today, noted the resignation of Mr. Anup
Bagchi as Managing Director and Chief Executive Officer, with effect from close of business
hours on Tuesday, October 13, 2026.
The Board have placed on record their appreciation of Mr. Bagchi’s contribution to the growth
and success of ICICI Group over the last three decades across a variety of roles. During his tenure
at ICICI Life, Mr. Bagchi has successfully steered the Company to emerge as a resilient franchise.
Further, the Board, based on the recommendation of BNRC, inter-alia, approved the following
matters:
• Appointment of Mr. Sidharatha Mishra, as the Chief Operating Officer, with effect from
October 6, 2026.
• Appointment of Mr. Sidharatha Mishra (DIN: 06524169), as an Additional Director and
Managing Director & CEO, with effect from October 14, 2026, or date of approval of the
Insurance Regulatory and Development Authority of India, whichever is later for a period of
five consecutive years, subject to requisite approvals.
Consequent to the resignation, Mr. Anup Bagchi ceases to be Key Managerial Personnel for the
purpose of determining materiality of an event or information and for the purpose of making
disclosures to stock exchange(s) under Regulation 30(5) of the Listing Regulations.. The letter
of resignation of Mr. Anup Bagchi is enclosed as Annexure I.
The requisite disclosures as per Regulation 30 and 51 read with Schedule III of Listing
Regulations alongwith the details as required under Para A (7) of Part A of Schedule III of SEBI
(Listing Regulations) read with SEBI Master Circular dated January 30, 2026 are enclosed
herewith as Annexure II.
Mr. Sidharatha Mishra is not debarred from holding the office of Director pursuant to any SEBI
Order or Order of any such authority.
The Board meeting commenced today at 1:45 p.m. and concluded at 2:15 p.m.
ICICI Life Insurance Limited
(Formerly known as: ICICI Prudential Life Insurance Company Limited)
Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India.
Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.iciciprulife.com | CIN: L66010MH2000PLC127837
Kindly take the above information on records.
This intimation may also be accessed at www.iciciprulife.com.
Thanking you,
Yours sincerely,
For ICICI Life Insurance Limited
(Formerly known as ICICI Prudential Life Insurance Company Limited)
Priya Nair
Company Secretary
ACS 17769
Encl.: As above
CC: Axis Trustee Services Limited, Debenture Trustee
ICICI Life Insurance Limited
(Formerly known as: ICICI Prudential Life Insurance Company Limited)
Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India.
Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.icicilife.com | CIN: L66010MH2000PLC127837
Annexure I
October 1, 2026
The Board of Directors
ICICI Life Insurance Limited
Dear Sir and Madam,
Subject: Resignation
I, do and hereby, tender my resignation as Managing Director and CEO of ICICI Life
Insurance Limited (the Company), with effect from close of business hours on October 13,
2026, as I wish to pursue a new career opportunity outside the organization.
I remain committed to supporting the transition in every possible way and ensuring that
all responsibilities are handed over smoothly.
I take this opportunity to thank the Board of Directors, entire ICICI Group, the
Management team, and all stakeholders of the Company for this incredible journey and
trust placed in me over the past years.
Thanking you,
Yours sincerely,
Anup Bagchi
DIN: 00105962
Annexure II
Sr. Particulars Descri ption
1 Reasons for change viz. appointment, Mr. Anup Bagchi has resigned as Managing
re-appointment, resignation, removal, Director and CEO, with effect from close of
death or otherwise business hours on October 13, 2026
Mr. Sidharatha Mishra has been appointed
as the Chief Operating Officer, with effect
from October 6, 2026.
Further, Mr. Mishra has been appointed as
the Additional Director and Managing
Director & CEO, with effect from October 14,
2026, or date of approval of the Insurance
Regulatory and Development Authority of
India, whichever is later for a period of five
consecutive years, subject to requisite
approvals.
2 Date of appointment/re- Please refer Point no. 1. above.
appointment/cessation (as applicable)
and term of appointment/re-
appointment
3 Brief Profile (in case of appointment) Mr. Sidharatha Mishra holds a bachelor’s
degree in science and a postgraduate
diploma in management with a
specialization in finance from Utkal
University, Bhubaneswar.
Mr. Mishra has over 26 years of experience in
the banking sector. He presently heads the
digital channels & partnerships, voice
channel, customer service, NRI & IFIG groups
of ICICI Bank Limited.
4 Disclosure of relationships between None of the Directors are inter-se related to
Directors (in case of appointment of a Mr. Sidharatha Mishra.
director)
ICICI Life Insurance Limited
(Formerly known as: ICICI Prudential Life Insurance Company Limited)
Regd. Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, India.
Phone: +91 22 4039 1600 | Email: corporate@iciciprulife.com | Visit us at www.icicilife.com | CIN: L66010MH2000PLC127837