ICICI Prudential Life Insurance Announces Dividend Distribution for FY2026

ICICI Prudential Life Insurance Announces Dividend Distribution for FY2026​

ICICI Prudential Life Insurance Company Limited has initiated the distribution of dividends for the financial year 2026, following shareholder approval during the Annual General Meeting held on June 30, 2026. The company confirmed that the dividend was approved at a rate of ₹ 1.65 per equity share, which carries a face value of ₹ 10 each.

The eligibility for this dividend was determined based on the record date established as June 5, 2026. Shareholders who held equity shares as of the close of business on that date are entitled to receive the payment. The company has coordinated with KFin Technologies Limited, the Registrar and Share Transfer Agent, to facilitate the electronic credit of these funds into the bank accounts registered by shareholders.

Dividend Distribution Details​

The payment process adheres to the mandate registered with the Registrar and Share Transfer Agent. The following structure outlines the breakdown of the dividend distribution:

Tax Implications and Deductions​

The company stated that dividends distributed by the company are taxable in the hands of the shareholders. In accordance with the Income-tax Act, 2025, the company has deducted tax at source (TDS) at the prescribed rates where applicable. The tax amount includes any applicable Surcharge and Cess.

For the purpose of calculating TDS, the cumulative dividend disbursed during FY2027 on a PAN-wise basis was taken into consideration. All tax deductions on the distributable dividend amounts were rounded up to the nearest rupee.

Verification and Documentation​

Shareholders are advised to verify the credit of the dividend amount in their respective bank accounts. In instances where the credit is not received, shareholders may contact KFin Technologies Limited by quoting their Client ID or Folio Number.

The company will provide a tax deduction certificate in Form 131 for the taxes withheld. Additionally, tax credits in Form 168 will be accessible once the company has filed its returns regarding the deduction of tax at source. The tax deduction certificate in Form 131 is expected to be available on the Registrar's website by August 15, 2026.

ICICIPRULI Stock Price Movement​

ICICI Prudential Life Insurance Company Limited shares tumbled by 3.08% on Thursday to settle at ₹508.85. The stock saw a total volume of 4.73 million shares as it retreated from its opening price during the session.