Communication sent to shareholders regarding Tax Deduction at Source (TDS)
Awaiting price reaction for this filing.
ICICI Lombard has informed the stock exchanges that it sent an email to shareholders on June 3, 2025, explaining the TDS process on the final dividend of ₹7 per equity share (70% of face value of ₹10) for FY2025, recommended by the Board on April 15, 2025 and pending AGM approval. For resident shareholders, TDS will be 10% (or 20% if PAN is missing or inoperative), while non-resident shareholders will face 20% or the applicable tax treaty rate, whichever is lower. Shareholders must submit required documents (PAN, Form 15G/15H, TRC, Form 10F, etc.) to the company's RTA, KFin Technologies, by June 13, 2025. The record date for determining eligible shareholders is June 6, 2025. Shareholders who fail to submit documents on time will face higher TDS, with no further claims entertained against the company.
This is a routine procedural communication and does not change the company's fundamentals. Shareholders should ensure their PAN and tax-related documents are updated with their depository or KFin Technologies before June 13, 2025, to avoid higher TDS deductions on the ₹7 per share dividend.