Dividend Recommendation

The Board of Directors at its meeting held on 9th May, 2026 recommended a dividend of ₹12.50 per equity share (125%) having nominal value of ₹10 each for the financial year ended 31st March, 2026. This is subject to approval of shareholders at the ensuing Annual General Meeting.

TDS Framework

Pursuant to Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. The Company will deduct TDS at applicable rates on amounts distributed to shareholders. The tax deducted will be paid to the credit of the Central Government.

Key Dates and Deadlines

  • Record Date: To be announced in due course
  • Document Submission Deadline: 24th July, 2026
  • Rule 203 Declaration Deadline: Within 7 days of record date

Shareholder Data Sources

The Company will use information from:

  • National Securities Depository Limited and Central Depository Services (India) Limited (for demat holdings)
  • Register of Members maintained by Registrar & Transfer Agent KFin Technologies Limited (for physical holdings)

Resident Shareholder TDS Rates

Table 1 Summary:

  • Resident individuals with valid PAN: 10% TDS (exempt if dividend income ≤ ₹10,000 or Form 121 submitted)
  • Resident shareholders without PAN/PAN discrepancy: 20% TDS
  • Mutual Funds: NIL TDS (with SEBI registration certificate and declaration)
  • Business Trusts: NIL TDS (with documentary evidence and declaration)
  • Insurance Companies: NIL TDS (with documentary evidence and declaration)
  • Government/RBI/Exempt Corporations: NIL TDS (with documentary evidence)
  • AIF Category I/II: NIL TDS (with declaration of exemption under section 11)

Non-Resident Shareholder TDS Rates

Table 2 Summary:

  • General Non-resident shareholders/FII/FPI: 20% plus surcharge and cess OR Tax Treaty rate (whichever lower)
  • FPI Category I: 10% plus surcharge and cess
  • AIF Category III in IFSC: 10% plus surcharge and cess
  • ADIA subsidiaries/Sovereign Wealth Funds/Pension Funds: NIL TDS

Document Requirements

Shareholders must submit required documents to KFin Technologies at einward.ris@kfintech.com or Company at tds@birlacorp.com including:

  • PAN card copies
  • Form 121 (replaces Forms 15G/15H)
  • Tax Residency Certificates
  • Form 41 (erstwhile Form 10F)
  • Self-declarations
  • SEBI registration certificates (for institutions)
  • Lower/NIL withholding tax certificates

Bank Account Updates

Shareholders must ensure bank account details are updated in demat accounts/physical folios. Physical shareholders must furnish PAN, nomination details, contact details, bank account details, and specimen signatures to receive dividends electronically as mandated by SEBI.

Compliance Notes

  • PAN must be linked with Aadhaar to avoid higher TDS rates
  • Shareholders with multiple accounts under single PAN will be taxed at the highest applicable rate
  • Company reserves right to reject incomplete/discrepant documents
  • No claims against Company for taxes deducted at higher rates
  • Shareholders responsible for any tax demands arising from misrepresentation

Additional Resources

Declaration formats and annexures available on company website www.birlacorporation.com