SBI Life to Consider Interim Dividend for FY 2025-26 Amid GST Appeal and IEPF Transfers

SBI Life Insurance Company Ltd. was set to draw market attention after a dividend-related filing. The insurer told NSE and BSE that a Board meeting was scheduled on February 25, 2026. Directors were to consider and declare an interim dividend on equity shares for FY 2025-26.

The same update also fixed key dates for shareholders and trading restrictions. "The record date for determining the shareholders for the payment of Interim Dividend for FY 2025-26, if any, declared by the Board of Directors of the Company shall be Friday, March 06, 2026. We further inform you that, the window for trading in the equity shares of the Company shall remain closed from Saturday, February 21, 2026 to Friday, February 27, 2026 (both days inclusive) for all Designated persons of the Company and their immediate relatives, in terms of SEBI (Prohibition of Insider Trading) Regulations, 2015," said SBI Life Insurance Company in a regulatory statement.

A separate exchange disclosure said SBI Life Insurance Company Limited received a GST appellate order. The communication arrived on February 20, 2026. It came from the Joint Commissioner of State Tax (Appeal) I, Mumbai, Maharashtra. The matter related to an earlier demand order for the financial year 2018-19.

The appellate authority partly sustained the earlier GST demand against the insurer. Issues included non-reversal of input tax credit on securities income. Rules 42 and 43 under the MGST Act were cited. SBI Life also flagged ITC differences between GSTR-3B and GSTR-2A, plus blocked credits under Section 17(5) of the SGST Act.

Earlier, on April 30, 2024, SBI Life reported a total demand of Rs 288.66 crore. That figure included Rs 131.49 crore tax and Rs 144.01 crore interest. Penalties were Rs 13.14 crore. After appeal, the verified demand reduced to Rs 159.44 crore, with lower tax and penalties.

GST demand details	Earlier demand (Rs crore)	Revised verified demand (Rs crore)
Tax	131.49	63.36
Interest	144.01	89.75
Penalties	13.14	6.33
Total	288.66	159.44

Even with the reduced liability, SBI Life said it planned a further appeal. The appeal would be filed before the competent authority or appellate tribunal. The insurer said it acted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing aimed to keep investors and stakeholders informed.

SBI Life Insurance Company Limited also wrote to shareholders about unclaimed dividends and share transfers. In a February 3, 2026 exchange intimation, the company said it sent emails and physical letters. The outreach covered holders with dividends left unclaimed for a long period. The transfer process was linked to the IEPF Authority.

Under Section 124 of the Companies Act, 2013, unpaid dividends for seven straight years move to IEPF. The IEPF Rules, 2016 also apply to such cases. SBI Life said dividends from FY 2018-2019, and later interim dividends, were due. The company’s records showed some holders had missed payments for seven consecutive years.

SBI Life said related equity shares would also move to the IEPF Demat Account. This would happen along with the unpaid dividend amounts. The transfer would proceed without further notice after April 17, 2026. It would also debit the relevant demat accounts if dues stayed unclaimed by then.

Shareholders were asked to contact KFin Technologies Limited with bank details and documents. SBI Life said amounts would be credited to the bank account linked to demat records. If transfers occur, recovery must follow IEPF steps. Holders must seek an Entitlement Letter, then file Form IEPF-5 on the MCA portal.

SBI Life Insurance stock levels and analyst view

On technical levels, one analyst shared a near-term view on the stock. "SBI Life stock price is bullish on the Daily charts with strong support at 2034. A Daily close above resistance of 2110 could lead to a target of 2224 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

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