Dividend15 May 2026, 10:01 pm
ICICI Lombard: ₹7 Dividend Recommended; TDS Communication Sent
AI Summary
ICICI Lombard's board recommended a final dividend of ₹7 per equity share (70% of face value ₹10) for FY2026, subject to shareholder approval at the AGM on June 19, 2026. The record date is May 29, 2026, and the dividend payout will be on or before July 3, 2026. The company communicated to shareholders regarding Tax Deduction at Source (TDS) on the dividend, as per the Income-tax Act, 2025, amended by the Finance Act, 2026. TDS rates vary based on residency and submitted documents, with a higher rate if a valid PAN is not provided. The last date for submission of tax-related documents is June 2, 2026.
Key Highlights
- ICICI Lombard recommends a final dividend of ₹7 per share for FY2026.
- AGM is scheduled for June 19, 2026, to approve the dividend.
- Record date for dividend eligibility is May 29, 2026.
- Dividend payout is expected on or before July 3, 2026.
- TDS will be deducted as per Income-tax Act, 2025, with rates varying based on shareholder status and documentation.
Price Impact
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