Date: 30th May 2026

Dividend Declaration

  • The Board of Directors at its meeting held on 6th May 2026 recommended a Final Dividend of Rs. 5.50 per equity share of face value Rs. 2.00 each for FY 2025-26.
  • The dividend will be payable to shareholders whose names appear in the Register of Members or depository records as at the close of business hours on 12th June 2026.

TDS Procedures for Shareholders

For Resident Shareholders

For Resident Individuals:

  • TDS deducted at 10% under Section 393(1) of Income Tax Act, 2025 if PAN is available and valid.
  • No TDS if aggregate dividend during Tax Year 2026-27 does not exceed Rs. 10,000 OR shareholder provides duly signed Form 121 meeting eligibility conditions.

For Resident Shareholders (Other Than Individuals):

  • Nil TDS if shareholders submit declaration and relevant documents as specified in the detailed table (Insurance Companies, Government/Statutory bodies, RBI, Mutual Funds, Alternative Investment Funds, National Pension System entities, and other exempt entities).
  • If PAN is not furnished or invalid, tax withheld at higher rate of 20% or as specified under the Act.

For Non-Resident Shareholders

Detailed withholding tax rates and documentation requirements:

  • Foreign Institutional Investors/FPIs: 20% (plus surcharge and cess) or tax treaty rate, whichever beneficial. Requires PAN copy, self-declaration, Tax Residency Certificate for FY 2026-27, and mandatory Form 41.
  • AIF Category III in IFSC: 10% (plus surcharge and cess). Requires PAN copy and self-declaration with documentary evidence.
  • Other Non-resident shareholders: 20% (plus surcharge and cess) or tax treaty rate. Requires PAN copy, Tax Residency Certificate, Form 41, and self-declaration for non-existence of PE/fixed base in India.
  • Non-Resident shareholders tax residents of Notified Jurisdictional Area: 30%.
  • Sovereign Wealth funds and Pension funds notified by Central Government: NIL. Requires copy of CBDT notification and self-declaration of compliance.
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL. Requires self-declaration substantiating fulfillment of conditions.
  • Lower/NIL tax deduction certificate u/s 395(1): Rate specified in certificate. Requires copy of certificate from Income Tax Department.

Documentation Submission

  • Required forms (Form 121, Form 41) available on MUFG Intime's website: https://web.in.mpms.mufg.com/client-downloads.html under General tab.
  • Documents must be uploaded at: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html with company selection, Folio/DP-Client ID, PAN, financial year, exemption form selection, and document attachments.
  • Deadline for submission: On or before 12th June 2026. Incomplete/unsigned forms will not be considered. No communications accepted after 12th June 2026, 5:00 PM IST.
  • TDS certificate will be emailed to registered email ID post completion.

Additional Information

  • All queries to be addressed to RTA: MUFG Intime India Private Ltd at investor.helpdesk@in.mpms.mufg.com.
  • Shareholders requested to register email address with RTA and update bank details with depository/company for timely dividend credit.
  • Disclaimer: This communication not treated as tax advice; shareholders should consult tax professionals.