Dividend Recommendation

The Board of Directors of Blue Star Limited, at their meeting held on Wednesday, May 6, 2026, recommended a final dividend of ₹8.5 (Rupees Eight and Fifty Paise) per equity share of face value of ₹2 each for the financial year ended March 31, 2026.

This dividend recommendation is subject to the approval of the Members at the ensuing Annual General Meeting (AGM) of the Company, which is scheduled to be held on Thursday, August 6, 2026.

Record Date

The Company has fixed Friday, July 17, 2026, as the 'Record Date' for determining the entitlement of members to the final dividend.

Payment Date

The final dividend, if approved by the Members at the AGM, would be paid after August 6, 2026, subject to deduction of tax at source (TDS).

TDS Applicability and Guidelines

As per the provisions of the Income Tax Act, 2025, dividend is taxable at the hands of shareholders, and the Company is required to deduct TDS at the time of payment. Detailed guidelines are provided for different categories of shareholders:

For Resident Shareholders:

  • Resident Individuals with valid PAN: TDS rate is 10%.
  • Exemptions: No TDS if total dividend during tax year 2026-27 does not exceed ₹10,000, or if the shareholder provides a duly filled Form 121 - Part A (Annexure 1).
  • Resident Individuals without PAN/PAN discrepancy: TDS rate is 20%.
  • Resident Non-Individuals (Insurance Companies, Mutual Funds, AIF, NPS Trust, etc.): TDS rate is Nil, subject to submission of specific self-declarations and documents (Annexure 2).

For Non-Resident Shareholders:

  • Default Rate: TDS rate is 20% (plus applicable surcharge and cess) as per domestic tax law.
  • DTAA Benefit: Non-resident shareholders can opt for beneficial rates under applicable Double Tax Avoidance Agreements (DTAAs) by submitting:
  • A self-attested copy of a valid Tax Residence Certificate (TRC).
  • Mandatory online filing of Form 41 (if they have a PAN).
  • A self-declaration regarding treaty eligibility and beneficial ownership (Annexure 3).
  • A copy of the SEBI registration certificate (for FIIs/FPIs).
  • A self-attested copy of PAN card.

Additional Provisions:

  • Declaration under Rule 203: Required if dividend income is assessable in the hands of a person other than the deductee (Annexure 4).
  • Multiple Accounts: For shareholders holding shares under multiple accounts/categories with a single PAN, the highest applicable TDS rate will be applied to the entire holding.
  • All TDS rates will be enhanced by applicable surcharge and cess.

Submission Deadline for Documents

All relevant forms and documents for claiming exemption or lower TDS must be uploaded on the specified portal (https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html) on or before Friday, July 10, 2026. Communications received after this date will not be considered.

Mode of Payment

The dividend will be paid only through electronic mode.

Shareholder Action Required

  • Update Bank Details: Shareholders must ensure their bank account details and KYC are updated and compliant in their demat accounts/physical folios to enable direct credit of dividend.
  • Physical Shareholders: Must furnish PAN, Bank Account Details, Specimen Signature, and other contact details to the RTA/Company as mandated by SEBI.
  • Update PAN and Status: Shareholders are requested to update their PAN, residential status, category, and other details with their Depository Participants (for demat holdings) or with the RTA (for physical holdings).

RTA and Contact Information

All communications and queries regarding this matter should be addressed to the Company's Registrar and Transfer Agent (RTA) via their portal: https://swayam.in.mpms.mufg.com.

Annexures Provided

The communication includes four annexures:

  • Annexure 1: Form 121 - Part A
  • Annexure 2: Declaration regarding Category and Beneficial Ownership of shares
  • Annexure 3: Declaration regarding Tax Residency and Beneficial Ownership of shares
  • Annexure 4: Declaration under section 203

Disclaimer

The communication includes a disclaimer stating that it is not tax advice and shareholders should consult their own tax advisors. Shareholders are responsible for any misrepresentation in the information provided.