Announced Mon, 15 Jun · 21:24 IST
LIC informs shareholders about TDS on FY26 final dividend of ₹10/share
Corporate Actions View source PDF
LICI · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹406.10
prior close
₹408.40
base price
After-mkt
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AI summary
LIC's board has recommended a final dividend of ₹10 per share for FY 2025-26, subject to AGM approval on July 27, 2026. Record date is June 25, 2026, with payment by August 25, 2026. The communication details TDS rates—10% for resident shareholders with valid PAN, 20% without PAN, with exemptions available for certain categories like insurers, mutual funds, and NPS trusts. Non-residents face 20% TDS unless DTAA benefits apply. Shareholders must submit required documents by June 24, 2026.
Likely market impact
Routine TDS communication. Shareholders should submit tax exemption documents by June 24, 2026, to avoid higher TDS deduction.