Dividend Details

The Board of Directors at its meeting held on May 8, 2026, recommended a Final Dividend of Re. 0.45 per Equity Share of face value of Re. 1/- each for FY 2025-26. This dividend is subject to approval by shareholders at the 22nd Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days from the date of the AGM.

TDS Framework

As per the Income-tax Act, 2025, dividend paid or distributed by the company shall be taxable in the hands of shareholders. The company is required to deduct tax at source (TDS) at prescribed rates before making any dividend payment. Rates vary based on residential status, shareholder category, and documentation submitted.

For Resident Shareholders:

  • Standard Rate (with valid PAN linked to Aadhar): 10% TDS. Shareholders must update valid PAN with depositories (demat) or with the company's RTA, Alankit Assignments Limited (physical).
  • Without/Invalid PAN: 20% TDS.
  • Form 121 Submission (eligible individuals): Nil TDS, subject to fulfilling certain conditions. Form 121 must be downloaded from the Income-tax website.
  • Lower/Nil Withholding Certificate: TDS at the rate specified in the certificate obtained from Income Tax authorities. Requires submission of self-attested PAN copy and certificate copy.
  • Insurance Companies: Nil TDS, subject to submission of self-declaration of beneficial ownership, self-attested IRDAI certificate copy, and self-attested PAN copy.
  • Specific Entities (Mutual Funds, Govt., etc.): Nil TDS, subject to documentary evidence proving coverage under Section 393(5) of the Act.
  • Exemption Threshold: No TDS for Resident Individual Shareholders if total dividend from the company during Tax Year 2026-27 does not exceed Rs. 10,000.

For Non-Resident Shareholders:

  • Standard Rate: 20% (plus applicable surcharge and cess).
  • DTAA Benefits Option: Non-resident shareholders can opt for beneficial Double Taxation Avoidance Agreement (DTAA) rates if more favorable. Required documents include:
  • Self-attested copy of Tax Residency Certificate (TRC) for current financial year.
  • Electronic Form 41 generated from Income Tax e-filing portal.
  • Self-attested copy of PAN (if any).
  • Self-declaration certifying continued tax residency, eligibility for DTAA benefits, beneficial ownership of shares, and absence of Business Connection/Permanent Establishment in India.
  • The company is not obligated to apply DTAA rates and will do so only upon satisfactory review of submitted documents.

Important Notes

  • Shareholders with multiple accounts under different statuses/categories but a single PAN will be subject to the highest applicable tax rate on their entire holding.
  • Dividend payment will be made only through electronic mode to all eligible shareholders as of the Record Date, per SEBI LODR Regulations.
  • Physical shareholders must ensure their folios are updated with PAN, contact details (postal address with PIN, mobile number), bank account details, and specimen signature. Dividend will be withheld until all details are furnished.
  • All shareholders must ensure correct/latest bank account details are updated with their Depository Participant (demat) or with the RTA (physical).

Submission Deadline

All required tax documents, as applicable, must be submitted to the company's Registrar and Transfer Agent, Alankit Assignments Limited, via email at rta@alankit.com by Wednesday, July 15, 2026. No communications or documentation will be entertained after this date.

Disclaimer

The company will not entertain any claims regarding taxes deducted. TDS credits will be visible to shareholders in Form 168, downloadable from their e-filing account on the Income Tax portal.