General Insurance Corporation of India — Important, 14-08-2025: Updates

GICRE's Board has proposed a dividend of Rs. 10 per equity share for FY 2024-25, pending shareholder approval at the upcoming 53rd AGM. The record date is September 5, 2025. Dividend income is now taxable, and GICRE will deduct tax at source. Resident shareholders face 10% TDS (or 20% if PAN unlinked/missing), with exemptions for dividends below Rs. 10,000 or Form 15G/15H submission. Non-residents face 20% TDS or DTAA rates, if required documents are submitted by September 5, 2025.