ICICI SecuritiesOctober 12,2018

National Stock Exchange of India LimitedListing DepartmentExchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E), Mumbai - 400 051

Dear Sir/Madam,

BSE LimitedListing DepartmentPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai - 400 001

Sub: Disclosure under Regulation 30 read with para A of Schedule III of theSecurities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Appointment of Additional Directors onthe Board of Directors of the Company

Ref: NSE Symbol - ISEC & - BSE Scrip Code 541179

We wish to inform you that the Board of Directors of the Company have approvedthe appointment of Mr. Anup Bagchi (DIN: 00105962) and Mr. Pramod Rao(DIN: 02218756) as Non-executive Additional Directors on the Board of theCompany.

Pursuant to the requirements of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015, please notethe below details:

Reason for change in directorshipOctober 11,2018Date of appointmentAppointment

Brief profiles of the Directors Mr. Anup Bagchi (DIN: 00105962)

Mr. Anup Bagchi has been with ICICIGroup for about 26 years and iscurrently an Executive Director of ICICIBank Limited.

Prior to this, Mr. Bagchi was theManaging Director & CEO of ICICISecurities Limited ('the Company'),where he led capital raising bycorporates. Under his leadership, theCompany won the prestigious OutlookMoney - India's Best e-Brokerage Housefor seven consecutive years. It also wonthe CNBC Awaaz Consumer Award forthe Most Preferred Brand of FinancialAdvisory Services. He also served as a

Member of National Stock Exchangeof India Ltd, BSE Ltd and Metropolitan Stock Exchangeof India Ltd.SEBI Registration : INZ000183631CIN No.: L67120MH1995PLC086241

ICICI Securities LimitedRegistered Office (Institutional):ICICI Centre, H. T. Parekh Marg,Churchgate, Mumbai 400 020, India.Tel (91 22) 2288 2460/70Fax (91 22) 2288 2455

Corporate Office (Retail):Shree Sawan Knowledge Park, Plot No. D·507,T.T.C. Ind. Area, M.I.D.C,Turbhe, Navi Mumbai . 400 705Tel (91 22) 4070 1000Fax (91 22) 4070 1022

Name of Compliance Officer (Broking Operations) : Mr. Anoop GoyalEmail Address:complianceofficer@icicisecurities.com/Tel (91 22) 4070 1000Website Address: www.icicisecurities.com / www.icicidirect.com

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ICICI Securities

Mr. Pramod Rao joined ICICI BankLimited ('ICICI Bank') as its GroupGeneral Counsel on August 16, 2018

director of ICiCI Securities lnc., astep-down subsidiary of ICICI SecuritiesLimited, based out of the United Statesof America.

Mr. Bagchi has been honoured with'The Asian Banker Promising YoungBanker Award'. He has also beenhonoured with 'Industry NewsmakerAward' by Zee Business for histremendous and unmatchedcontribution in the field of Finance.

He was on the Executive Committee ofNational Securities Depository Ltd.,(NSDL) as 'User Representative'. He wasalso a member of the AdvisoryCommittee of BSE Limited.

Mr. Bagchi was also a member of theBoard of Directors of Financial PlanningStandards Board India.

Mr. Bagchi was a member of SEBl'sSecondary Markets AdvisoryCommittee (SMAC) and Co-Chairmanof Federation of Indian Chambers ofCommerce & Industry (FICCI) CapitalMarkets Committee. He was also themember of SEBl's Fair Market ConductCommittee and Committee on Financialand Regulatory Technologies.Mr. Bagchi is a member of SEBl's RiskManagement Review Committee.

Mr. Bagchi has a management degreefrom the Indian Institute ofManagement, Bangalore and anengineering degree from the IndianInstitute of Technology, Kanpur.

Mr. Pramod Rao (DIN: 02218756)

ICICI Securitiesand oversees the legal function for theICICI group.

Previously, Mr. Rao had served asGeneral Counsel for Citi India cluster(July 2013 till mid-August 2018), andwas responsible for the Legal &Secretarial functions within Citi Indiacluster (incorporating Bangladesh & SriLanka). He also oversaw Citi Security &Investigative Services (CSIS), andchaired the Citi India Diversity Counciland was a member of various internalmanagement and oversightcommittees.

Mr. Rao previously worked withInduslaw, a law firm as a residentpartner, overseeing its Banking andFinance practice. He joined IndusLaw in2012 and was instrumental to setting upthe firm's office in Mumbai.

Prior to Induslaw, Mr. Rao worked withICICI Bank for over 15 years. In August1996, he joined the erstwhile IndustrialCredit & Investment Corporation ofIndia Limited (erstwhile ICICI, whichsubsequently in a reverse mergerbecame ICICI Bank) upon obtainingB.A.LL.B (Hons) degree from theNational Law School of India University,Bangalore (NLSIU) after a brief stint atMulla and Mulla Craigie Blunt &Caroe. He then rose to become theGeneral Counsel of ICICI Bank inDecember 2005 and served in thatcapacity until April 2012. During thecourse of his career at ICICI Bank,Mr. Rao has overseen the legal functionfor all segments of the Bank. During histime there, he also advised the Board ofDirectors and various Board constitutedcommittees and served on the Board ofDirectors of various ICICI groupcompanies.

ICICI SecuritiesMr. Rao is presently a member of theLegal & Banking Operations Committeeof Indian Banks' Association (lBA) andof the National Committee forRegulatory Affairs constituted by theConfederation of Indian Industry (CII).

Mr. Rao is the Chairman of the FundRaising & Resource MobilizationCommittee of IDIA - IncreasingDiversity by Increasing Access - anNGO dedicated to assisting studentsfrom underprivileged backgroundentering premier law schools in India.He is also a member of the GoverningBoard of the NLSIU AlumniAssociation.

Mr. Rao has a deep interest inLawTech, having advised/mentoredand served on the Board of Directors oftwo such startups in the last few years.

Mr. Rao also participates in andcontributes to various law andregulatory reform initiatives of thegovernment, regulators and industryforums.

Disclosure ofbetween Directors

relationship Mr. Anup Bagchi (DIN: 00105962) andMr. Pramod Rao (DIN: 02218756) arenot related to any other Director of theCompany.

Further, we affirm that the appointed Directors are not debarred from holding theoffice of a Director by virtue of any SEBI order or any other such authority.

Kindly take the above on your records and oblige.

Yours faithfully,For CICI Securities Limited

Raju NanwaniSenior Vice President &Company Secretary