This is a regulatory disclosure made to the BSE in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The document communicates the procedures for deduction of Tax at Source (TDS) on the dividend declared for the financial year ended 31st March, 2026.
Key Deadlines and Procedures
All documents for claiming TDS exemptions or lower rates must be submitted via the specified online links (https://mdpl.in/form) by 5 PM on Saturday, 12th September 2026. The links will be disabled after this deadline.
Documents received by post, courier, or hand delivery are also acceptable, but no communication regarding tax determination will be considered after the deadline.
TDS Provisions for Resident Members
| Condition | Applicable TDS Rate | Required Documents/Action |
| Aggregate dividend ≤ ₹10,000 | NIL | None |
| Dividend > ₹10,000 with valid PAN | 10% | Update/verify PAN and residential status with depository (demat) or RTA (physical) |
| Without PAN/Invalid PAN | 20% | None |
| PAN not linked with Aadhaar | 20% | None |
| Submitting Form 121 (for individuals, incl. seniors ≥60 years) | NIL | Submit Form 121 (Part A in full and Part B at Sr. No. 8 to 18 only) via link |
| Eligible entities (e.g., Insurance cos., AIFs, NPS Trust) | NIL | Submit self-declaration, self-attested PAN, and relevant registration certificates (SEBI for AIFs) via link |
| Other exempt residents | NIL | Submit self-attested documentary evidence of exemption and PAN via link |
TDS Provisions for Non-Resident Members
| Condition | Applicable TDS Rate | Required Documents/Action |
| General Rule | 20% + surcharge + cess | None |
| FIIs/FPIs | 20% + surcharge + cess | Submit self-attested SEBI registration certificate |
| Claiming DTAA benefit | Lower of 20% or treaty rate | Submit a comprehensive set of documents including PAN (if available), name, email, contact, foreign address, Tax Residency Certificate (TRC), Foreign TIN, electronically filed Form 41, self-declaration of DTAA eligibility, and for Singapore residents, evidence on Limitation of Relief article |
| Submitting Certificate u/s 393/395 | Rate in certificate | Submit certificate via link |
| Residents of Notified Jurisdictional Area | 30% + surcharge + cess | None |
The company is not obligated to apply beneficial DTAA rates automatically and will do so only after a satisfactory review of the submitted documents.
General Instructions for All Members
- Valid PAN recording for the folio/DP ID is mandatory. An invalid PAN will attract a 20% TDS rate.
- Aadhaar must be linked with PAN as per prescribed timelines; failure will render PAN inoperative, leading to a 20% TDS rate.
- For holdings under multiple accounts with a single PAN, the highest applicable tax rate will be applied to the entire holding.
- Only scanned, self-attested copies of documents (with "certified true copy" statement) are accepted online. The company may request originals later.
- The company reserves the right to reject documents for discrepancies or incompleteness.
- For joint holders, the first-named shareholder must furnish the documents.
- Documents must be submitted once for the financial year (April 2026-March 2027) unless the status changes. Documents submitted before this communication are invalid; fresh submission is required.
- If tax is deducted at a higher rate, shareholders can claim a refund by filing their income tax return. No claim lies against the company.
- Shareholders in demat mode must update their details (tax status, PAN, email, mobile) with their Depository Participants. Physical holders must update details with the RTA.
- TDS will be deducted based on records from depositories (NSDL/CDSL) or the RTA, and no requests for revision of TDS returns will be entertained.
- Shareholders are responsible for indemnifying the company against any tax demand arising from misrepresentation or omission in the information they provide.
Disclaimer
The communication is a summary of tax provisions and not a complete analysis. Shareholders are advised to consult their own tax advisors.