ICICI Prudential Life Insurance Company Limited has informed shareholders about issues with the remittance of dividends for FY2026. While dividends were approved at ₹1.65 per share, payments could not be made electronically for specific DPID/Client IDs due to unspecified reasons. Shareholders must contact their Depository Participant to update bank details and KYC, or submit specific documents to the RTA to claim their dividend.
Dividend Payout Challenges for FY2026
ICICI Prudential Life Insurance Company Limited is notifying shareholders regarding the dividend payout for the financial year FY2026. At the Annual General Meeting held on June 30, 2026, shareholders approved a dividend of ₹1.65 per equity share, with a record date of June 5, 2026. As per regulations, all dividend payments were to be made electronically.
Reason for Non-Remittance
However, the company has indicated that dividend payments for certain equity shares held under specific DPID/Client IDs were not remitted through electronic mode. The precise reasons for this non-remittance are cited as needing further updation of shareholder details. The payment date for these rejected remittances was noted as June 30, 2026.
Claiming Unpaid Dividends
Shareholders affected by this issue are advised to first contact their respective Depository Participant (DP) to update their bank account details and complete any necessary KYC procedures. To claim the dividend amount, shareholders need to submit two key documents to the Registrar and Transfer Agent (RTA): a request letter clearly mentioning their DP ID and Client ID, and an updated Client Master List. These documents, duly dated and signed, can be couriered or emailed to the RTA, or uploaded via their web portal.
Contact and Support
For any queries related to dividend payment, shareholders can reach out via email to [email protected]. All future communications concerning this matter should be directed to KFin Technologies Limited, the RTA, whose contact details are provided for assistance.
Source: BSE
