General Insurance Corporation of India has informed the Exchange regarding 'Communication sent to Shareholders- Intimation of Tax Deduction at Source On Dividend For FY 24-25'.
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GIC Re has informed shareholders about the tax deduction provisions applicable on the recommended dividend of Rs. 10 per equity share (face value Rs. 5) for FY 2024-25, which is subject to approval at the 53rd AGM. The record date has been fixed as Friday, September 5, 2025, and the dividend will be paid within 30 days of the AGM. The company will deduct TDS at 10% for resident shareholders with valid PAN, 20% for those without PAN or with PAN not linked to Aadhaar, and 20% plus surcharge/cess for non-resident shareholders. No TDS will apply if total dividend to a resident shareholder does not exceed Rs. 10,000 in FY 2025-26, or if valid Form 15G/15H is submitted. Shareholders must submit the required declarations and documents (PAN, Aadhaar linkage, Form 15G/H, TRC, Form 10F for NRIs, etc.) to KFin Technologies (the RTA) by 5:00 PM on September 5, 2025.
Shareholders should act quickly to submit the required documents by September 5, 2025 to avoid higher TDS deduction. Those holding shares in physical form must complete KYC updates to ensure timely dividend credit. The actual dividend payout is still pending shareholder approval at the upcoming AGM.