New India Assurance board to consider change in dividend record date

0 min read Updated on 22 Jun 2026, 03:20 PM

Reviewed by

Suketu GScanX News Team

AI Summary

The New India Assurance Company Ltd. will hold a board meeting on June 25, 2026, to consider changing the record date for dividend payment for FY 2025-26. The meeting will also address any other business deemed fit by the board.

*this image is generated using AI for illustrative purposes only.

The New India Assurance Company Ltd. has scheduled a board meeting on June 25, 2026, to consider changing the record date for the payment of dividends for FY 2025-26. The meeting is set to take place at 3:30 PM, according to a regulatory filing.

The board will deliberate on altering the record date, which determines shareholder eligibility for the dividend payout. Additionally, the directors may transact any other matters deemed appropriate during the session.

The notice was submitted in compliance with Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The communication was addressed to the listing departments of BSE Limited and The National Stock Exchange of India Ltd.

Detail	Information
Meeting Date	June 25, 2026
Meeting Time	3:30 PM
Agenda	Change in record date for dividend for FY 2025-26
Regulatory Reference	SEBI (LODR) Regulations, 2015

Historical Stock Returns for The New India Assurance Company

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.84%	+38.82%	+28.89%	+36.19%	+19.57%	+23.86%

What specific factors are driving the proposed alteration of the dividend record date?

How might the change in the record date impact shareholder eligibility and trading volumes?

What is the expected dividend payout ratio for FY 2025-26 following this review?

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New India Assurance gets ₹6.86 lakh tax penalty for AY 2014-15

1 min read Updated on 20 Jun 2026, 12:46 AM

Reviewed by

Riya DScanX News Team

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AI Summary

The New India Assurance Company received a penalty order of ₹6,86,196 from the Income Tax Department for underreported income from foreign dividends for Assessment Year 2014-15. The company will record the amount as a contingent liability and plans to appeal before the National Faceless Appeal Center.

*this image is generated using AI for illustrative purposes only.

The New India Assurance Company has received a penalty order of ₹6,86,196 from the Income Tax Department regarding underreported income from foreign dividends for Assessment Year 2014-15. The order, issued by the Assessment Unit, imposes a financial demand on the insurer for the specified fiscal period. The company disclosed this development in a regulatory filing submitted to the stock exchanges on June 19, 2026.

The penalty order references violation number ITBA/PNL/F/271(1)(c)/2026-27/1089890550(1). The communication was received by the company at 15:57 hrs on June 19, 2026. According to the disclosure, the penalty pertains specifically to the underreporting of income derived from foreign dividends.

In terms of financial impact, the company stated that the amount of ₹6,86,196 would be recorded as a contingent liability in its financial statements. The management indicated that it intends to pursue legal remedies to contest the demand. Specifically, the new india assurance company plans to file an appeal before the National Faceless Appeal Center (NFAC) or explore other legal options against the said order.

The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was signed by Abhishek Pagaria, Company Secretary of The New India Assurance Company Limited.

Details of the Penalty Order

The following table outlines the key details of the regulatory action and the company's response:

Detail	Description
Name of the Authority	Assessment Unit, Income Tax Department
Nature of Action	ITBA/PNL/F/271(1)(c)/2026-27/1089890550(1)
Date of Receipt	19th June 2026 at 15:57 hrs
Violation	Penalty levied towards underreporting of income from foreign dividend
Financial Impact	₹6,86,196 (to be shown as contingent liability)
Proposed Action	Appeal before National Faceless Appeal Center (NFAC) or other legal options

Historical Stock Returns for The New India Assurance Company

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.84%	+38.82%	+28.89%	+36.19%	+19.57%	+23.86%

How will the management's decision to contest the penalty impact the company's legal expenses and provisions for the upcoming fiscal year?

Does this penalty order indicate a broader scrutiny by tax authorities on the insurer's foreign investment income reporting for other assessment years?

What is the expected timeline for a resolution at the National Faceless Appeal Center, and could this process distract management from core operations?