ICICI Prudential Life Insurance Company Limited has confirmed the dispatch of the Notice of the 26th Annual General Meeting and the Annual Report for the financial year ended March 31, 2026. The documents were sent via email on June 4, 2026, to members whose names appeared in the Register of Members or depository records as on May 15, 2026. The company has also published newspaper advertisements in the Financial Express and Loksatta to this effect, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The 26th Annual General Meeting is scheduled to be held on Tuesday, June 30, 2026, at 11.00 a.m. IST through Video Conference (VC) or Other Audio-Visual Means (OAVM). The Board has recommended a final dividend of ₹1.65 per equity share of face value ₹10 each for FY2026, subject to shareholder approval at the meeting. Shareholders holding shares in dematerialised or physical mode as on Friday, June 5, 2026, will be eligible for the dividend payout.

E-voting and Shareholder Participation

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The remote e-voting period commences at 9.00 a.m. IST on Saturday, June 27, 2026, and concludes at 5.00 p.m. IST on Monday, June 29, 2026. Members recorded in the Register of Members or depository records as on the cut-off date of Tuesday, June 23, 2026, are entitled to vote. Members can attend the AGM or view the live webcast using their e-voting credentials.

Members holding shares in dematerialised mode must update bank details, email addresses, and other changes directly with their Depository Participants. Those holding physical shares should advise changes to the Registrar and Share Transfer Agent. The Ministry of Corporate Affairs has clarified that physical copies of financial statements need not be dispatched to members, continuing the relaxation issued in September 2025.

Key Meeting Details

Dividend income is taxable in the hands of shareholders under the Income-tax Act, 2025. The company will deduct tax at source (TDS) based on the shareholder's residential status and category. Detailed communication regarding TDS implications has been sent to members with registered email IDs.

ICICI Prudential Life Insurance received an order from the Deputy Commissioner of State Tax, Chhattisgarh, upholding a total tax demand of ₹166,560,929 for FY2024. The order, issued under Section 73 of the Goods and Service Act, 2017 on June 4, 2026, cites discrepancies regarding Input Tax Credit (ITC) and GST liability. The company has stated that it intends to file an appeal against the order before the appropriate authority.

The tax authority identified a mismatch between the ITC claimed in Form GSTR-3B and Form GSTR-2A, leading to a reversal of credit as per GST Law. Additionally, a mismatch in GST liability was noted. The financial implications of the order are detailed below, though the company noted there is no impact at this stage pending the appeal.

The communication was received on June 4, 2026, at 4:13 pm. The order imposes a penalty of ₹21,166,697. The company confirmed that the appeal will be filed before the Commissioner (Appeals) within the stipulated period.

The disclosure was made to the exchanges in compliance with Regulation 30 and Regulation 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Priya Nair, Company Secretary and ACS, signed the disclosure on behalf of ICICI Prudential Life Insurance Company Limited.