ICICI Prudential Life Insurance Company Limited has informed the Exchange about General Updates
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ICICI Prudential Life Insurance has informed shareholders about tax deduction at source (TDS) on the final dividend of ₹0.85 per equity share (face value ₹10) for FY2025, as recommended by the Board on April 15, 2025. The record date is June 12, 2025, and the AGM to approve the dividend is scheduled for June 27, 2025. TDS will be deducted at 10% for resident shareholders (20% if PAN is not provided), and at 20% (plus surcharge and cess) for non-resident shareholders unless DTAA benefits apply. Shareholders must submit relevant documents such as Form 15G/15H, PAN, Tax Residency Certificate, and other declarations by June 12, 2025, to avail lower or nil TDS.
This is a routine procedural communication with no direct impact on the stock price. Shareholders should ensure their PAN, Aadhaar linking, and tax documents are updated with their depositors or the RTA (KFin Technologies) before June 12, 2025, to avoid higher TDS deduction on their dividend income.