Key Dates

  • Communication Date: June 09, 2026
  • Deadline for Submission of Documents: Friday, June 26, 2026
  • Financial Year for Dividend: 2025-26
  • Relevant Tax Year: 2026-27 (April 01, 2026 to March 31, 2027)

TDS Provisions for Resident Shareholders

  • General Rule: TDS is deducted under Section 393(1) of the Income Tax Act, 2025.
  • Rate with PAN: 10%
  • Rate without PAN/PAN not linked to Aadhaar: 20% (under Section 397(2))
Exemptions for Resident Individuals:
  • No TDS if the total dividend received during FY 2026-27 is ≤ ₹10,000.
  • No TDS upon submission of a valid Form 121 along with a copy of a PAN that is linked to Aadhaar.
  • Submission of an exemption certificate from the Income-tax Department.
Exemptions for Resident Non-Individuals:

Specific self-declarations and documents are required for:

  • Insurance Companies: Declaration of status under the Insurance Act, 1938, PAN, and IRDA registration.
  • Mutual Funds: SEBI registration declaration and PAN.
  • Alternative Investment Funds (AIF): Declaration of exempt status under the Act and SEBI registration (Category I or II).
  • NPS Trust: Declaration of status and exemption eligibility.
  • Other Non-Individuals: Supporting documentary evidence for exemption.
Lower/Nil TDS Certificate:

Shareholders can submit a self-attested copy of a certificate issued under Section 395(1) of the Act to apply a lower or nil withholding rate.

TDS Provisions for Non-Resident Shareholders

  • Base Rate: 20% plus applicable surcharge and cess under Section 393(2).
  • Lower/Nil TDS Certificate: A certificate under Section 395(2) can be submitted for a lower rate.
  • DTAA Benefits: Non-residents can opt for beneficial rates under a Double Tax Avoidance Agreement (DTAA) by providing:
  • i. Self-attested PAN copy
  • ii. Tax Residency Certificate (TRC) for 2026 or FY 2026-27
  • iii. Digitally filed Form 41
  • iv. A self-declaration of meeting treaty eligibility and beneficial ownership requirements (Annexure 3)
  • v. For FIIs/FPIs: SEBI registration certificate
  • vi. For Singapore residents: Evidence demonstrating non-applicability of Article 24 (Limitation of Relief) under the India-Singapore DTAA.
  • The company notes that applying DTAA rates is not an obligation and is subject to a satisfactory review of submitted documents.

Payment Method

Dividend will be paid only through electronic modes approved by the RBI. The issuance of physical warrants or cheques has been discontinued.

Shareholders with Multiple Accounts

For a single PAN holding shares under different statuses/categories, the highest applicable tax rate across all holdings will be applied to the entire dividend amount.

Transferring Credit to Beneficial Owner

As per Rule 203 of the Income-tax Rules, 2026, a declaration can be provided to have tax deducted in the name of the beneficial owner if the dividend is received by another person. The declaration must include the beneficial owner's name, address, PAN, residential status, and the reason for the transfer.

Submission Procedure

  • Documents must be submitted by Friday, June 26, 2026.
  • For Demat Holders: Submit documents electronically through their Depository Participants (CDSL/NSDL).
  • For All Holders (Physical & Demat): Documents can be uploaded on the RTA's portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html. The upload requires selecting the company, providing Folio/DP-ID, PAN, financial year, selecting the form type, and attaching the relevant documents.
  • Incomplete or unsigned forms will be rejected.

Key Entities and Contacts

  • Registrar and Share Transfer Agent (RTA): MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.)
  • RTA Helpdesk Email: investor.helpdesk@in.mpms.mufg.com
  • Company Website: www.abdindia.com

Important Instructions for Shareholders

  • Update KYC, PAN (linked to Aadhaar), email, mobile number, and bank account details with their Depository Participants.
  • The company will deduct TDS based on records available with the RTA; no revisions to TDS returns will be made later.
  • No communication regarding tax determination will be entertained after the June 26, 2026 deadline.
  • Shareholders are advised that if TDS is deducted at a higher rate, they can claim a refund by filing their income tax return, and no claim shall lie against the company.

Disclaimer

The communication includes a disclaimer stating it is not tax advice and shareholders should consult a tax professional.