'We enclose herewith an e-mail communication, which is being sent to all the members of the Life Insurance Corporation of India'.
LICI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LIC has informed shareholders about the tax deduction at source (TDS) procedure applicable to the final dividend of ₹12 per equity share (120% on face value of ₹10) recommended for FY 2024-25. The Board had recommended this dividend on May 27, 2025, subject to shareholder approval at the AGM on August 26, 2025. The record date is July 25, 2025, and the dividend will be paid on or before September 24, 2025. The communication details TDS rates for different shareholder categories — 10% for resident individuals with valid PAN, 20% for invalid/missing PAN, NIL for insurance companies, mutual funds, and certain government entities, and rates as per DTAA for non-residents. Members must update PAN, KYC, and bank details to receive timely credit and avoid higher tax deduction.
This is a procedural compliance communication and does not change the dividend amount. Shareholders should ensure their PAN is linked with Aadhaar and bank details are updated before the July 25, 2025 record date to receive the dividend on time and avoid higher TDS of 20%.