Dividend Declaration

The Board of Directors declared an interim dividend of ₹2 per equity share (face value ₹2) for financial year 2026-27 at their meeting held on November 4, 2026.

TDS Framework for Resident Shareholders

  • Resident Individuals: Exempt if total annual dividend ≤ ₹10,000 or with valid Form 121 declaration
  • Alternative Investment Funds: Category I/II AIF exempt, Category III AIF at 10%
  • Mutual Funds: Fully exempt
  • Insurance Companies: Fully exempt with valid documentation
  • Government Entities: Fully exempt
  • Others: Standard 10% TDS rate
  • PAN mandatory: 10% with PAN, 20% without PAN

TDS Framework for Non-Resident Shareholders

  • Standard withholding tax rate: 20% plus applicable surcharge and 4% Health & Education Cess
  • DTAA benefits available subject to documentation including:
  • SEBI registration certificate (for FPI/FII)
  • Tax Residency Certificate for FY 2026-27
  • Form 41 declaration
  • PAN card copy
  • Specific self-declaration regarding beneficial ownership, PE status, and DTAA eligibility

Documentation Requirements

Shareholders must submit all required documents to claim exemptions or lower TDS rates. Incomplete/unsigned forms will be rejected. Documents must be self-attested with "certified true copy of the original" notation.

Shareholder Action Required

  • Demat holders: Update tax residential status, PAN, bank details, email, and mobile numbers with depositories through DPs
  • Physical shareholders: Contact RTA KFin Technologies at einward.ris@kfintech.com
  • Tax exemption forms must be uploaded via: https://ris.kfintech.com/form15/forms.aspx?q=0

Key Dates and Contacts

  • Dividend declaration date: November 4, 2026
  • Communication date: November 12-13, 2026
  • RTA: KFin Technologies Limited
  • Queries: einward.ris@kfintech.com

Important Notes

  • TDS rates for residents exclude surcharge/cess; non-residents include applicable surcharge and 4% cess
  • Multiple accounts under single PAN will be aggregated for TDS determination
  • Higher TDS deductions due to missing documentation may be refunded only through income tax returns
  • Shareholders indemnify company against any tax demands arising from inaccurate information provided
  • TDS certificates will be emailed to registered email IDs post-dividend payment

Disclaimer

The communication is informational only and not tax advice. Shareholders should consult their own tax advisors.