Ashapura Minechem Final Dividend ₹2 Tax Procedures

Date: September 19, 2026

The Board of Directors recommended a Final Dividend of ₹2.00 per Equity Share of ₹2 each for the Financial Year ended March 31, 2026.
Dividend payment is subject to approval by shareholders at the ensuing Annual General Meeting.
The record date for determining entitlement is Tuesday, September 22, 2026.

TDS rate of 10% applies to shareholders with valid PAN registered with DP/RTA.
TDS rate of 20% applies if no valid PAN, PAN not registered, or PAN not linked with Aadhar.
No TDS if total dividend during FY 2026-27 does not exceed ₹10,000 (PAN clubbed).
No TDS if shareholder provides duly filled Form 12I with self-attested PAN copy.

Mutual Funds: Must provide self-declaration under Section 393(5) of IT Act, confirming status as per Schedule VII (Sr. No. 20 or 21) of Section 11, with self-attested PAN and SEBI Registration Certificate.
Insurance Companies: Must provide self-declaration under Section 393(4) of IT Act, confirming status as per Section 2(7A) of Insurance Act, 1938, with self-attested PAN and IRDAI/LIC/GIC registration certificate.
AIF: Must provide self-declaration under Section 393(4) (Table Sr. No. 10) read with Notification No. 51/2015, confirming exemption under Section 11 and Schedule V (Sr. No. 1), with self-attested PAN and SEBI AIF certificate.
Provident/Superannuation/Gratuity Funds: Must provide self-attested PAN and valid approval order per CBDT Circular 18/2017.
NPS Trust: Must provide self-declaration under Section 393(9), confirming exemption under Section 11 and Schedule VII (Sr. No. 41), with self-attested PAN.
Government (Central/State): No TDS required under Section 393(5).
IFSC Units: Must provide self-attested PAN and self-declaration in Form 1 per Notification No. 28/2024.
Other Non-Individual Residents: Must provide valid self-attested documentary evidence for exemption along with self-attested PAN.

Default TDS rate is 20% (plus surcharge and cess) under Section 393(2) of IT Act.
Option to claim beneficial rates under DTAA if eligible.
Required documents: Tax Residency Certificate (TRC) for April 1, 2026, to March 31, 2027; Form 41 (filed electronically); self-attested PAN copy; self-declaration of DTAA eligibility and beneficial ownership; SEBI registration certificate for FIIs/FPIs.
Company is not obligated to apply DTAA rates and will depend on document review.

For shareholders with multiple accounts under different statuses but single PAN, the higher applicable tax rate will apply to the entire holding.
If dividend is assessable in hands of person other than registered shareholder, a declaration per Rule 203 of Income Tax Rules 2026 must be submitted by September 22, 2026.
All tax exemption forms and supporting documents must be submitted via RTA portal (https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html) or email (cosec@ashapura.com) by September 22, 2026.
TDS will be deducted at higher rates if documents are incomplete, absent, or discrepant.
Shareholders are responsible for any tax demands due to misrepresentation.
TDS credit can be viewed in Form 16B via TRACES or Income Tax e-filing portal.

Shareholders must ensure PAN, residential status for FY 2026-27, category, email ID, full bank account details (IFSC, MICR), and postal address are updated in demat accounts with DP before September 22, 2026.
Bank account details must be updated for direct credit of dividend.