ICICI Lombard General Insurance Company Limited has informed the Exchange about Communication sent to shareholders regarding Tax Deduction at Source (TDS)
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ICICI Lombard has informed exchanges about shareholder communication on TDS procedures for the recommended final dividend of ₹7 per equity share (70% on ₹10 face value) for FY2026. The dividend is subject to shareholder approval at the AGM scheduled for June 19, 2026, with record date May 29, 2026 and payout by July 3, 2026. For resident shareholders, TDS of 10% applies (20% if PAN is missing or inoperative). Non-resident shareholders face 20% TDS or lower treaty rates. Several categories like insurance companies, government entities, and SEBI-registered AIFs may claim exemptions. The deadline for submitting tax documents is June 2, 2026. SEBI has mandated that all future dividends be paid electronically only.
Shareholders must submit required tax documents (PAN, Form 10/Form 41, declarations) by June 2, 2026 to avoid higher TDS deductions. This is a standard compliance communication ensuring proper tax withholding on the upcoming dividend payment.