Company Disclosure: Dividend TDS Procedures

Dividend Recommendation

  • Board of Directors recommended dividend of ₹0.50 (fifty paisa) per equity share of face value ₹10 each
  • Dividend of 8% on Non-Cumulative Non-Convertible Redeemable Preference Shares
  • Recommendation made at board meeting held on May 7, 2026
  • Subject to shareholder approval at 2nd Annual General Meeting
  • Payable during FY 2026-27
  • Record date: Friday, August 7, 2026

TDS Applicability

  • Dividend income taxable in hands of shareholders per Income-tax Act, 2025
  • Company required to deduct TDS at applicable rates
  • TDS rates depend on shareholder residential status and classification

Resident Shareholder TDS Rates (Table 1)

  • Any Resident Shareholder: 10% with valid PAN, 20% with no/invalid PAN
  • Nil TDS cases: Dividend income ≤ ₹10,000 for resident individual shareholders during TY 2026-27; shareholders exempted through circular/notification
  • Form No. 121 submission: Nil TDS for resident individual shareholders meeting conditions
  • Specific categories with nil TDS upon documentation: Insurance Companies, Mutual Funds, Alternative Investment Funds (Category I/II), Corporation established by Central Act, Recognized Provident Funds/Approved Superannuation Fund/Approved Gratuity Fund, Business Trust

Non-Resident Shareholder TDS Rates (Table 2)

  • Any Non-resident shareholder/FII/FPI: 20% plus applicable surcharge and cess
  • Option for DTAA rates: Upon submission of Tax Residency Certificate (TY 2026-27 or calendar year 2026), Form No. 41, and declaration confirming no Permanent Establishment in India
  • Notified Jurisdictional Area residents: 30%
  • Nil TDS for: Sovereign Wealth Funds and Pension funds notified by Central Government, Subsidiary of Abu Dhabi Investment Authority (ADIA)
  • Category III AIF in IFSC: Rates as prescribed in Act

Documentation Requirements

Shareholders must provide required documents by August 10, 2026 to:

  • MUFG Intime India Private Limited (RTA)
  • Upload at: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • Physical submission: C-101, 'Embassy 247', L.B.S. Marg, Vikhroli (West), Mumbai – 400 083

Additional Provisions

  • For joint shareholders, first-named shareholder must furnish documents
  • Shareholders holding shares under multiple accounts with single PAN: higher applicable tax rate will apply to entire holding
  • Company will deduct TDS based on records from Depositories (demat) or RTA (physical)
  • No requests for revision of TDS return will be entertained

Shareholder Update Requirements

Shareholders must update PAN, bank account details, signature, mobile number, email ID, address, residential status, category and other details:

  • Demat holders: through depository participants
  • Physical holders: Submit Form ISR-1, ISR-2 and SH-13 with RTA

Tax Credit Viewing

Tax credit can be viewed in:

  • Form 168 at TRACES (https://traces.tdscpc.gov.in/)
  • Income Tax Department e-filing portal (https://www.incometax.gov.in/iec/foportal/)
  • Form 26AS from e-filing account

Communication Availability

The communication along with annexures is available on company website: www.ablbl.in