ICICI Lombard General Insurance has recommended a final dividend of ₹7.0 per equity share (70%) for the financial year ended March 31, 2026. Shareholders must submit necessary tax-related documentation by June 2, 2026, to ensure correct tax deduction at source (TDS). The dividend payout is expected on or before July 3, 2026, following approval at the upcoming Annual General Meeting.
Dividend Recommendation
Following a meeting held on April 15, 2026, the Board of Directors of ICICI Lombard General Insurance Company Limited recommended a final dividend of ₹7.0 per equity share, having a face value of ₹10.0. This proposal is subject to the final approval of company members during the upcoming Annual General Meeting (AGM) scheduled for June 19, 2026.
Important Tax Deduction Requirements
As part of the tax compliance process for the fiscal year 2026, the company will deduct tax at source (TDS) on the dividend payout. The company has set a deadline of Tuesday, June 2, 2026, for shareholders to submit all required tax-exemption or lower-withholding documents. The record date for determining shareholder eligibility is Friday, May 29, 2026.
TDS Guidelines for Shareholders
TDS applicability varies based on the shareholder’s residency status and the documentation provided:
- Resident Shareholders: Standard TDS is 10%. A higher rate of 20% applies if a valid PAN is not provided or is inoperative. No tax is deducted for resident individuals if the annual dividend is ₹10,000 or less.
- Non-Resident Shareholders: TDS is typically 20%, or subject to lower rates defined under applicable Double Tax Avoidance Agreements (DTAA) upon submission of a valid Tax Residency Certificate (TRC), Form 41, and relevant self-declarations.
Action Required
Shareholders are encouraged to ensure their KYC details, including bank account information and PAN, are updated with their respective Depository Participant or the company’s registrar to facilitate electronic credit of the dividend, which is scheduled to be paid on or before July 3, 2026. Forms and declarations can be accessed via the official registrar’s portal.
Source: BSE
