Aegis Vopak Terminals Limited has issued a communication to its shareholders regarding tax deduction at source (TDS) procedures for its recommended final dividend for the financial year 2025-26.

The Board of Directors, at their meeting held on May 28, 2026, recommended a Final Dividend of ₹0.20 per equity share (2% on face value of ₹10 each). This dividend is subject to shareholder approval at the 13th Annual General Meeting scheduled for August 07, 2026.

The Record Date fixed for determining eligibility for the dividend payment is July 10, 2026. The dividend will be payable to members whose names appear in the Register of Members/list of Beneficial Owners as on this date.

Pursuant to the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source at the time of payment. The TDS rates vary depending on the residential status of shareholders and documents submitted.

TDS Rates for Resident Shareholders:

  • 10% for any resident shareholder with Permanent Account Number (PAN)
  • NIL rate for eligible shareholders submitting Form 121 (replacing erstwhile Forms 15G/15H)
  • NIL rate for insurance companies specified under section 393(4) of the Act with proper documentation
  • NIL rate for corporations exempt from income-tax under section 196 of the Act
  • NIL rate for mutual funds specified under schedule VII (20) of the Act with SEBI registration
  • NIL rate for Alternative Investment Funds (Category I or II) under SEBI regulations

Important Notes for Resident Shareholders:

  • Valid PAN recording is mandatory for registered Folio/DP id-Client Id
  • Absence of valid PAN will result in tax deduction at higher rate of 20% as per Section 397(2) of the Act
  • For shareholders holding shares under multiple accounts with different status/category but single PAN, the higher applicable tax rate will be applied to their entire holding

TDS Rates for Non-resident Shareholders:

  • 20% (plus applicable surcharge and cess) or Tax Treaty rate, whichever is lower
  • Tax Treaty rates require submission of PAN card (if any), Tax Residency Certificate (TRC), Form No. 41, and self-declaration confirming beneficial ownership
  • Foreign Institutional Investors and Foreign Portfolio Investors similarly subject to 20% or Tax Treaty rate

Important Notes for Non-resident Shareholders:

  • TDS deducted at 20% if required documents are not provided
  • Company not obligated to apply Tax Treaty rates without complete documentation
  • Same multiple account rule applies as for resident shareholders
  • Non-resident shareholders receiving dividend in Indian bank accounts must update complete residential address, email ID, and mobile number

Document Submission Deadline:

All required documents must be submitted by visiting https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html on or before Thursday, July 23, 2026, at 11:59 PM (IST). No communications/documents will be considered after this deadline.

Additional Procedures:

Registered shareholders (broking firms/custodians/depository participants) who receive dividend on behalf of clients must update a signed declaration under rule 203 of Income-tax Rules, 2026 to transfer TDS credit to the actual beneficial owners.

TDS Certificate and Credit:

TDS certificates will be sent to shareholders' registered email IDs post dividend payment. Shareholders can also view TDS credit in Form 168 (erstwhile Form 26AS) through their e-filing account at https://incometaxindiaefiling.gov.in.

Refund Process:

If tax is deducted at a higher rate due to absence of required details/documents, shareholders may file income tax returns to claim appropriate refund if eligible. No claim shall lie against the company for such taxes deducted.

The communication includes annexures with detailed formats for Form 121 and self-declaration forms for various categories of shareholders. The company has placed this communication on its website at www.aegisvopak.com.