Intimation for Communication sent to shareholders is enclosed.

Ref. No.: GIC-HO/BOARD/TDS_Div_25-26/159/2026-27 Date: 14th August 2026 The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra Kurla Complex Mumbai - 400001 Mumbai – 400051 Scrip Code: (BSE - 540755/ NSE - GICRE) Sub.: Communication to Shareholders - Intimation of Tax Deduction at Source on Dividend for FY 2025-26 As communicated earlier, the Board of Directors at their Meeting held on 26th May, 2026 had recommended payment of dividend of Rs. 13.25 per equity share having nominal value of Rs. 5/- each, for the financial year ended 31st March 2026, subject to approval of the shareholders at the ensuing 54th Annual General Meeting of the Corporation. Pursuant to the changes in the Income Tax Act, 2025 dividend income will be taxable in the hands of the shareholders and the Corporation is required to deduct tax at source (TDS) at the time of making the payment of dividend to shareholders at the prescribed rates. In this regard, detailed communication enumerating the provisions on tax deduction on dividend and the exemptions available along with documentary requirements has been sent to all shareholders whose emails are registered. This communication is also made available on the website of the Corporation at www.gicre.in Request you to kindly take the above information on record. Thanking you Yours sincerely, For General Insurance Corporation of India (Satheesh Kumar) Company Secretary & Compliance Officer Encl.: As above Public GENERAL INSURANCE CORPORATION OF INDIA (A Government of India Company) CIN: L67200MH1972GOI016133 IRDAI REG. NO. 112 Regd. Office: 'Suraksha', 170, J. Tata Road, Churchgate, Mumbai-400020 Tel: +91-22-2286 7000 Fax: +91-22-2288 4010 Website: www.gicre.in Email: investors.gic@gicre.in 14th August 2026 URGENT & IMPORTANT Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Dear Shareholder(s) Subject: Communication in respect of Tax Deduction at Source (TDS) on dividend for financial year 2025-26 We wish to inform you that the Board of Directors of your Corporation at their meeting held on 26th May 2026 have recommended dividend of Rs. 13.25 per equity share having nominal value of Rs. 5/- each, for the financial year ended 31st March 2026, subject to approval of the shareholders at the ensuing 54th Annual General Meeting ("AGM") of the Corporation. The record date for the purpose of final dividend would be Friday, September 4, 2026. The dividend would be paid to the eligible shareholders within a period of 30 days from the date of ensuing AGM, electronically, through various online modes to those members who have updated their bank account details or through any other permissible mode. As you may be aware, in terms of the provisions of the Income Tax Act, 2025, ("the Act") with effect from 1st April 2026, dividend paid or distributed by a Company shall be taxable in the hands of the shareholders. The Corporation shall, therefore, be required to deduct tax at source (TDS) at the time of payment of dividend at the applicable rates. (i) For Resident Shareholders: Tax will be deducted at source ("TDS") under Section 393(1) Table Sl. No. 7 of the Act @10% on the amount of dividend payable unless exempt under any of the provisions of the Act. However, in case of individuals, TDS would not apply if the aggregate of total dividend distributed to them by the Corporation during Tax Year (TY) 2026-27 does not exceed Rs. 10,000. Tax at source will not be deducted in cases where a shareholder provides Form 121 provided that the eligibility conditions are being met. Blank Form 121 can also be downloaded from the link given at the end of this communication. Needless to mention, the Permanent Account Number (PAN) will be mandatorily required. • Non-linkage of PAN with Aadhaar: As per Section 262(6) of the Income Tax Act, 2025, every person who has been allotted a PAN and who is eligible to obtain Aadhaar, shall be required to link the PAN with Aadhaar. In case of failure to comply with this, the PAN allotted shall be deemed to be invalid/inoperative and tax shall be deducted at the rate of 20% as per the provisions of Section 397(2) of the Act. In order to provide exemption from withholding of tax, the following organisations must provide a self- declaration as listed below: • Insurance companies: Documentary evidence that the provisions of Section 393(4) Table Sl. No. 10 of the Act are not applicable to them. Copy of IRDA registration certificate (Self-attested), a self- declaration that they are beneficial owners of shares held and PAN (self-attested); Blank self- declaration can also be downloaded from the link given at the end of this communication. • Mutual Funds: A self- declaration that they are governed by the provisions of Section schedule VII (Table: Sl. No. 20 or 21) read with section 11 of the Act and is covered under Section 393(5)(d) of the Act along with copy of SEBI registration certificate and PAN (self-attested); Blank self-declaration can also be downloaded from the link given at the end of this communication. • Alternative Investment Fund (AIF) established in India: A self-declaration that its income is exempt under Section Schedule V Table Sl. No. 1 read with section 11 of the Act, and they are established as Category I or Category II AIF under the SEBI regulations. Copy of SEBI registration certificate and PAN (self-attested) should be provided. • New Pension System Trust: A self-declaration that they are governed by the provisions of Schedule VII (Table Sl. No. 41) read with Section 393(9) of the Act along with copy of registration documents and PAN (self-attested). • Corporation established by or under a Central Act o Self-Declaration stating that the shareholder is a Corporation established by or under a Central Act which is, under any law for the time being in force exempt from income- tax on its income (giving the details of Act or Law under which it is exempt) - is covered by Section 393(5)(c) of the Act; and o Self-attested copy of PAN Card; and o Self-attested copy of certificate of incorporation. • Order under Section 395(1) of the Act: Lower/ NIL TDS on submission of self-attested copy of the certificate issued under Section 395(1) of the Income Tax Act, 2025. • IFSC Units of a Finance Company, Finance unit and Broker Dealer opting to claim deduction u/s 147 Self-attested copy of PAN and Self-declaration in Form NO. 1(N) in accordance with the Notification No. 80/2026 dated 10th July 2026 issued by CBDT. Blank self-declaration can also be downloaded from the link given at the end of this communication. • Other Resident Non Individual Shareholders: Shareholders who are exempted from the provisions of TDS as per Section 393(1) Table Sl. No. 7 of the Act and/ or who are covered u/s 393(9) of the Act and/or any other provisions of the Act (e.g. entities as provided in CBDT Circular No.18 of 20171), shall also not be subjected to any TDS, provided they submit a self-declaration along with the documentary evidence (e.g. relevant copy of registration, notification, order, etc.) in support of it being entitled to the exemption available and an attested copy of the PAN. (ii) For Non-resident shareholders: Tax is required to be withheld in accordance with the provisions of Section 393(2) [Table Sl. No. 17] and 393(2) [Table Sl. No. 15] of the Act at applicable rates in force. As per the relevant provisions of the Act, the tax shall be withheld @20% (plus applicable surcharge and cess) on the amount of dividend payable. However, as per Section 159 of the Act, a non-resident shareholder including FII and FPI have the option to be governed by the provisions of the Double Tax Avoidance Agreement ("DTAA") between India and the country of tax residence of the shareholder, if they are more beneficial to the shareholder. For this purpose, i.e. to avail the Tax Treaty bene [Showing first 8,000 characters — download PDF for full document]