Key Quantitative Figures and Dates

  • Interim Dividend Amount: ₹7.00 per equity share (70% of face value of ₹10 each)
  • Financial Year: Ending March 31, 2027
  • Board Meeting Date: October 14, 2026
  • Record Date: October 23, 2026
  • Dividend Payout Date: On or before November 12, 2026
  • Last Date for Tax Document Submission: October 23, 2026

TDS Framework and Requirements

For Resident Shareholders

  • Standard TDS rate: 10% on dividend amount
  • Higher TDS rate (20%) applies if valid PAN not provided or PAN is inoperative
  • No TDS applicable if:
  • Total dividend payable to resident individual shareholder does not exceed ₹10,000 per year
  • Shareholder provides duly filled and signed Form 12-I (for persons other than companies/firms and individuals above 60 years) with valid PAN

Specific exemptions with nil TDS rate apply to:

  • Insurance companies (with declaration, IRDAI registration copy, and PAN)
  • Government entities, RBI, specified corporations (with declaration and relevant documents)
  • SEBI-registered Alternative Investment Funds (AIFs) (with declaration, documentary evidence, and PAN)
  • Shareholders with lower deduction certificate under section 395 of Income-tax Act

For Non-Resident Shareholders

  • FII/FPI shareholders: TDS at 20% or applicable tax treaty rate (whichever lower)
  • Other non-residents: TDS at 20% or applicable tax treaty rate (whichever lower)
  • Requirements for tax treaty benefits:
  • Self-attested PAN copy or self-declaration if PAN not allotted
  • Self-attested Tax Residency Certificate (TRC) for 2026-27 (translated, notarized, and apostilled if not in English)
  • Form 41 generated from Income Tax e-filing portal
  • Self-declaration of eligibility for treaty benefits, no permanent establishment in India, and beneficial ownership of dividend income

General Instructions and Compliance Requirements

  • All TDS rates are subject to applicable surcharge and cess
  • SEBI mandate requires all dividend payments through electronic mode only (notification dated November 18, 2025)
  • Shareholders must update bank account details, PAN, address, email, and mobile number with Depository Participants (dematerialized shares) or with KFin Technologies Limited (physical shares)
  • The Company will rely on information available as of record date (October 23, 2026) for TDS compliance
  • Documents must be submitted by October 23, 2026, via:
  • Online portal: https://ris.kfintech.com/clientservices/investors/taxforms.aspx
  • No communications regarding tax determination will be entertained post-deadline
  • Shareholders are responsible for any income tax demands arising from misrepresentation or omission of information
  • The Company reserves the right to call for additional information and apply domestic law/tax treaty provisions

Additional Information

  • TDS certificates will be dispatched to shareholders
  • Shareholders may contact einward.ris@kfintech.com or investors@icicilombard.com for clarifications
  • The communication explicitly states it should not be treated as tax advice from the Company
  • The disclosure was signed by Vikas Mehra, Company Secretary, on October 14, 2026

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