Date: June 26, 2026

Dividend Declaration or Non-Declaration

Type: Final Dividend

Financial Year: 2025-26

Amount: Rs. 3.00 per equity share of face value Rs. 2/- each

Record Date: Friday, July 17, 2026

Dividend Payout Date: On or before August 10, 2026

AGM for Approval: The dividend recommendation is subject to approval by shareholders at the 87th Annual General Meeting (AGM) scheduled for Thursday, August 6, 2026.

Other Operational / Legal / Strategic Disclosures

TDS Compliance and Shareholder Communication

The company has issued a comprehensive communication to all shareholders holding shares as of Friday, June 19, 2026, regarding the process and documentation required for claiming exemptions from Tax Deduction at Source (TDS) on the recommended dividend.

Key Dates and Mandatory Updates

  • Last Date for Submission of Tax-Related Documents: Friday, July 17, 2026 (aligned with the Record Date).
  • All shareholders must ensure the following details are updated with their Depository Participant (for demat holdings) or with MUFG Intime India Private Limited, the company's RTA (for physical holdings), by the Record Date:
  • Valid Permanent Account Number (PAN)
  • Residential status for FY 2026-27 (Resident or Non-Resident)
  • Category of Shareholder (e.g., Individual, HUF, FII, Company, Trust, etc.)
  • Email Address
  • Residential Address
  • As per SEBI mandates, dividends will be paid only through electronic means. Dividends will be withheld for shareholders with inadequate or unregistered bank details.

TDS Provisions by Shareholder Category

The document outlines specific TDS rates and exemption requirements for numerous shareholder categories, including:

  • Exempt Entities (Subject to Document Submission): Mutual Funds (SEBI registration cert.), Insurance Companies (IRDAI registration cert.), Category I & II AIFs (SEBI registration cert.), Recognized Provident Funds, Approved Superannuation Funds, Approved Gratuity Funds.
  • Fully Exempt Entities (No Document Required): National Pension Scheme (NPS), Government (Central/State).
  • Resident Shareholders: TDS is generally deducted at 10%. No TDS if dividend income for a resident individual does not exceed Rs. 10,000 in a financial year. TDS deducted at 20% if valid PAN is not available or is inoperative. Exemption via Form No. 121 is available for individuals with no tax liability or seniors (60+ years) with no tax liability.
  • Non-Resident Shareholders: TDS is generally applicable. To avail beneficial Double Tax Avoidance Agreement (DTAA) rates, non-resident shareholders must submit a PAN copy (if available), a Tax Residency Certificate, Electronic Form 41, and a specific self-declaration by the deadline.

Submission Process and Important Notes

  • All required tax documents (Form 121, registration certificates, declarations, etc.) must be uploaded via a specified link (https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html) on or before July 17, 2026. No requests will be accepted after this date.
  • Incomplete or unsigned forms will not be considered.
  • All TDS rates are subject to applicable surcharge and cess.
  • If TDS is deducted at a higher rate due to missing documentation, shareholders must claim a refund via their income tax return; no claim lies against the company.
  • Shareholders are responsible for indemnifying the company against any tax demands arising from misrepresentation or omission in the information they provide.