Company Disclosure

Dividend Declaration Details

The Board of Directors at its meeting held on May 21, 2026 recommended a dividend of ₹25 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This is subject to approval of shareholders at the 38th Annual General Meeting to be held on Friday, August 7, 2026.

Payment Mechanism and Record Date

TDS Provisions for Resident Shareholders

  • TDS will be deducted under Section 393(1) [Table: Sl.No.7] of Income Tax Act at 10% on dividend payable
  • No TDS for individual shareholders if aggregate dividend during Tax year 2026-27 does not exceed ₹10,000
  • No TDS for shareholders providing duly signed Form 121 (including individuals above 60 years) subject to eligibility conditions
  • Lower/nil tax deduction available for specific categories on submission of self-declaration with supporting documents

Categories Eligible for Lower/Nil TDS (Resident)

1. Insurance companies qualifying under Section 2(7A) of Insurance Act, 1938

2. Mutual funds specified under Section 11 read with schedule VII [Table: Sl. No. 20 and 21]

3. Alternative Investment Funds (AIF) registered with SEBI as Category I or II

4. New Pension System Trust regulated under Indian Trust Act, 1882

5. Recognized Provident Fund/Approved Superannuation Fund/Approved Gratuity Fund

6. Other Non-Individual Shareholders with supporting exemption evidence

7. Shareholders with valid certificate under Section 395(1) for lower/nil deduction

Higher TDS Scenarios (Resident)

  • 20% TDS if PAN not available or invalid/inoperative per section 397(2)
  • 20% TDS if Aadhar not linked with PAN (PAN considered inoperative)

TDS Provisions for Non-Resident Shareholders

  • Tax withheld under Section 393(2) [Table: Sl. No.17] @ 20% plus applicable surcharge and cess
  • Option to avail DTAA benefits if more beneficial
  • Required documents: PAN copy, Tax Residency Certificate valid for April 1, 2026 to March 31, 2027, electronically filed Form 41, self-declaration (Annexure-3), SEBI registration certificate for FIIs/FPIs
  • Special requirements for Singapore tax residents regarding Article 24-Limitation of Relief

Summary of TDS Rates

1. NIL for resident individual shareholders with valid PAN receiving dividend up to ₹10,000

2. NIL for resident individual shareholders submitting Form 121 with PAN copy

3. 10% for other resident shareholders with valid PAN

4. 20% for resident shareholders without PAN or unlinked Aadhar

5. DTAA rates for non-resident shareholders based on document submission

6. 20% plus surcharge/cess for non-residents without required documents

7. Lower/Nil TDS with Section 395(1) certificate

Documentation Deadline

Shareholders must provide required details and documents on or before Friday, July 24, 2026. Documents should be uploaded at https://ris.kfintech.com/clientservices/investors/taxforms.aspx or emailed to einward.ris@kfintech.com.

Multiple Account Holding

For shareholders holding equity shares under multiple accounts with different status/category under single PAN, the higher tax rate applicable to any status will be applied to the entire holding.

Refund Process

If tax is deducted at higher rate due to missing/defective documents, claim for refund can be made only at the time of filing income tax return. No claim shall lie against the Company.

Details Update Requirements

  • Demat holders: Update residential status, email, mobile, address, category with depository through DP
  • Physical holders: Furnish details to KFin Technologies Limited through ISR forms
  • Company will use records available from NSDL/CDSL (demat) or RTA (physical) as on record date
  • No subsequent requests for changes accepted after record date

Bank Account Details

  • Demat holders: Update bank details with Depository Participant
  • Physical holders: Submit Form ISR-1 with cancelled cheque, PAN copy, Aadhaar copy to KFin
  • If cheque doesn't bear name, attach self-attested bank passbook/statement copy

Annexures Included

  • Annexure-1: Form 121 (Self-Declaration for Nil TDS by Resident Individuals)
  • Annexure-2: Self-declaration for Resident (Non-Individual) Shareholders
  • Annexure-3: Self-declaration for Non-Resident Shareholders
  • Annexure-4: Declaration under Rule 203