Date: July 14, 2026

Dividend Declaration

  • The Board of Directors recommended a Dividend of ₹2.00 per Equity Share of ₹10 each (20%) for the Financial Year ended March 31, 2026 at their meeting held on May 18, 2026.
  • The dividend will be payable on and after July 30, 2026, post approval of shareholders at the ensuing Annual General Meeting (AGM) to be held on July 30, 2026 at 3:00 p.m. (IST) via VC/OAVM.
  • The Notice of AGM and Annual Report was circulated to all shareholders on July 08, 2026.

TDS Withholding Procedures

General Provisions

  • The Company is required to withhold taxes at prescribed rates on dividend paid to shareholders in accordance with Income-tax Act, 2025 effective from April 1, 2026.
  • Withholding tax rate varies depending on residential status of shareholder and documents submitted.
  • No tax will be deducted on payment of dividend to resident individual shareholders if total dividend paid during Tax Year 2026-27 does not exceed ₹10,000.

Resident Shareholders

  • Valid PAN updated with Depository Participant/RTA: 10% withholding tax
  • No/Invalid PAN with Depository Participant/RTA: 20% withholding tax
  • Lower/nil tax deduction certificate u/s 395(1): Rate specified in certificate
  • Nil TDS available for certain categories including:
  • Individuals furnishing Form 121 (dividend income > ₹10,000)
  • LIC, GIC, Business Trusts (REIT, InVIT) etc. under section 393(4)
  • Government, RBI, Mutual Funds, corporations exempt from Income Tax under section 393(5)
  • Category I and II Alternative Investment Funds (AIFs)
  • Any other entity exempt from withholding tax under Act provisions

Non-Resident Shareholders

  • Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs): 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial
  • Alternative Investment Fund - Category III located in International Financial Services Centre: 10% (plus applicable surcharge and cess)
  • Other Non-resident shareholders: 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial
  • Lower/nil tax deduction certificate u/s 395(1): Rate specified in certificate

Documentation Requirements

Deadline: Thursday, July 16, 2026

Documents must be uploaded to specified portal links provided in the communication. Required documents include:

  • Copy of PAN card (self-attested)
  • Form 121 for resident individuals
  • Self-declarations (various annexures)
  • Tax Residency Certificates
  • Form 41 for non-residents
  • Lower tax withholding certificates from Income Tax Department
  • Registration certificates for specific entities
  • Documentary evidence substantiating entity status

Additional Important Notes

  • Physical shareholders must update PAN, Choice of Nomination, Contact Details, Mobile Number, Bank Account Details, Specimen Signature as per SEBI circulars dated November 03, 2021 (and subsequent amendments).
  • TDS certificates will be issued electronically via email registered with Depository Participant/RTA.
  • PAN must be linked with Aadhaar as per Section 262 of Income Tax Act - failure results in 20% TDS rate.
  • Clearing members must ensure shares are transferred to shareholder accounts by record date.
  • Company reserves right to verify PAN through NSDL utility and reject incomplete documents.
  • Higher tax rate applied across all accounts for shareholders holding under multiple accounts with different residential status/category but single PAN.
  • Shareholders responsible for any tax demands arising from misrepresentation or inaccurate information.