ICICI Lombard’s Board of Directors has approved an interim dividend of ₹6.50 per equity share for FY2026, which equates to 65% of the face value of ₹10. The decision was made during a board meeting on October 14, 2025. The company has set October 23, 2025, as the record date for determining shareholder eligibility for the dividend payout. Tax implications apply, with TDS deductions varying based on residency and documentation.
Dividend Announcement
The Board of Directors of ICICI Lombard has officially declared an interim dividend for the financial year 2026 (FY2026). This decision, made during the board meeting held on October 14, 2025, specifies a dividend of ₹6.50 per equity share.
Financial Details
The declared dividend of ₹6.50 per share represents 65% of the face value of each share, which is ₹10. The company has established October 23, 2025, as the record date for the purpose of determining shareholders eligible for this interim dividend.
Tax Deduction at Source (TDS)
Please note that the dividend payout is subject to Tax Deduction at Source (TDS). TDS rates will vary based on the shareholder’s residency status and the documentation provided to the company. For resident shareholders, TDS will generally be applicable at 10% unless a valid PAN is not provided, in which case it will be 20%. Non-resident shareholders may be eligible for treaty benefits, subject to providing the necessary documentation.
Important Information for Shareholders
Shareholders are requested to update their PAN details and other relevant information with their Depository Participants (DPs). Further information regarding the TDS process, required documentation, and applicable forms can be found on the company website.
Tax Implications for Resident Shareholders
For resident shareholders, TDS will be deducted at 10% on the dividend amount if a valid PAN is provided. If PAN is not provided or is inoperative, TDS will be deducted at 20%. Shareholders eligible for nil/lower TDS can submit relevant documents, such as declarations and certificates, to avail of applicable exemptions.
Tax Implications for Non-Resident Shareholders
For non-resident shareholders, TDS will be applicable as per Section 195 r.w.s 115A of the Act, generally at 20%, or as per applicable tax treaty rates. To claim treaty benefits, non-resident shareholders must provide documents such as PAN, Tax Residency Certificate (TRC), and Form 10F. Self-declaration regarding permanent establishment and beneficial ownership is also required.
Source: BSE
