Announcement under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015
Awaiting price reaction for this filing.
ICICI Prudential Life Insurance has emailed shareholders about tax deduction rules on the final dividend of ₹0.85 per equity share (face value ₹10) for FY2025. The dividend was recommended by the Board on April 15, 2025 and is subject to shareholder approval at the AGM scheduled for June 27, 2025. The record date for eligibility is June 12, 2025. The communication explains TDS rates — 10% for resident individuals, 20% if PAN is not provided, and applicable rates for non-residents under DTAA — along with required documents like Form 15G/15H. Shareholders must submit relevant documents by June 12, 2025 to avoid higher tax deduction; otherwise the company will deduct TDS as per default provisions.
This is a routine compliance filing and does not change the dividend itself. Shareholders should ensure PAN, Aadhaar linking, and tax-residency details are updated with their depositories before June 12, 2025 to optimize TDS and avoid excess deduction.