ICICI Bank Limited has established the tax deduction at source (TDS) rates applicable to the final dividend of ₹12 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on April 18, 2026, is subject to shareholder approval at the 32nd Annual General Meeting scheduled for August 21, 2026. The Record Date to determine eligibility has been fixed as August 3, 2026. The Bank communicated these tax compliance requirements to shareholders on July 2, 2026.

For Resident Shareholders, the standard TDS rate is set at 10% on the dividend amount. This rate increases to 20% if the shareholder fails to provide a valid Permanent Account Number (PAN) or if their PAN is inoperative due to non-linking with Aadhaar. No tax will be deducted if the total dividend payable to a resident individual does not exceed ₹10,000 per year or if the shareholder submits valid Form 121 (earlier Form 15G/15H) along with a valid PAN.

Specific resident entities such as Insurance Companies, Government bodies, RBI, specified corporations, and Category I & II Alternative Investment Funds (AIFs) are eligible for a nil TDS rate upon submitting the requisite declarations and registration documents. Residents holding a lower or nil deduction certificate from the Income Tax Department can also avail of the specified rate, provided the certificate mentions the Bank's TAN, MUMI16212A.

Non-Resident Shareholders are subject to TDS under different sections of the Income-tax Act, 2025. Depositories for American Depository Receipts (ADR) face a 10% TDS. Non-resident institutional shareholders (FII/FPI) and other non-resident shareholders face a rate of 20% or the applicable Double Tax Avoidance Agreement (tax treaty) rate, whichever is lower. To claim treaty benefits, non-residents must submit a self-attested PAN copy, a Tax Residency Certificate (TRC) for tax year 2026-27, and a self-declaration in Form 41 (earlier Form 10F).

Shareholders must ensure their details, including PAN and bank account information, are updated with their Depository Participants or the Bank's Registrar and Share Transfer Agent, KFin Technologies, by August 3, 2026 (6:00 p.m. IST). The Bank emphasized that dividend payments will be made exclusively via electronic mode in line with SEBI guidelines. Failure to provide necessary documentation by the deadline may result in a higher TDS deduction, and shareholders would need to file a return of income to claim any eligible refund.

The 32nd Annual General Meeting will be held on Friday, August 21, 2026, at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The facility for remote e-voting will be available, and NSDL has been appointed to facilitate electronic voting. The Notice of the AGM and Annual Report 2025-26 will be sent electronically to members with registered email addresses.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE090A01021/cc8488a65acf4849.pdf

ICICI Bank witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 558,672 shares transacted at a price of ₹1410.25 per share. The total value of the block trade stood at ₹78.79 crores, marking a significant single transaction in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Block trades are large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. Such trades are carried out outside the open market order book to minimize price impact and are closely monitored by traders and analysts as they can reflect the positioning of major investors in a particular stock.