Dividend Recommendation and Key Dates

The Board of Directors at its meeting held on May 8, 2026 recommended a dividend of ₹0.40 (20%) per equity share of face value ₹2 each for FY 2025-26.

Key Dates:

  • Record Date: July 31, 2026 (Friday)
  • AGM Date: August 7, 2026 (Friday)
  • Payment Date: After August 7, 2026 (subject to AGM approval)
  • Register Closure: August 1-7, 2026 (both days inclusive)

Tax Deduction at Source Provisions

Pursuant to Income Tax Act, 2025, dividend is taxable in shareholders' hands and TDS will be deducted at applicable rates.

For Resident Shareholders

  • 10% TDS if valid PAN registered and linked with Aadhaar
  • 20% TDS if no PAN, invalid PAN, or PAN not linked with Aadhaar
  • Exemptions available if:
  • Total dividend received during TY 2026-27 does not exceed ₹10,000
  • Shareholder provides Form 121 (Part A)
  • Exemption certificate issued by Income-tax Department

Specific Categories with 0% TDS:

  • Mutual Funds (with self-attested PAN and registration certificates)
  • Alternative Investment Funds Category I & II (SEBI registered)
  • NPS Trust (with self-declaration and PAN)
  • Recognized Provident Funds (with valid documentary evidence)
  • Approved Superannuation/Gratuity Funds (with approval copies)
  • Government/RBI/Corporations established by Central Act

For Non-Resident Shareholders

  • 20% TDS for FIIs/FPIs and other non-residents
  • 0% TDS for Sovereign Wealth Funds, Pension Funds notified by Central Government
  • 10% TDS for Category III AIF located in IFSC
  • 30% TDS for shareholders from Notified Jurisdictional Areas

Document Submission Requirements

Deadline: July 31, 2026

Required Details for All Shareholders:

  • Valid Permanent Account Number (PAN)
  • Residential status for TY 2026-27 (Resident/Non-Resident)
  • Shareholder category
  • Email address
  • Residential address

Additional Documents for Non-Residents Claiming DTAA Benefits:

  • Self-attested PAN copy
  • Tax Residency Certificate for TY 2026-27
  • Electronically filed Form 41 (formerly Form 10F)
  • Declaration under Rule 217 (formerly Rule 37BC) for non-PAN holders
  • Self-declaration of treaty eligibility and beneficial ownership
  • Self-declaration of no Permanent Establishment in India
  • SEBI registration certificate (for FIIs/FPIs)
  • Additional documentation for Singapore tax residents

Submission Process

Documents must be uploaded at: https://ris.kfintech.com/clientservices/investors/taxformsupload.aspx

Resident individual shareholders may submit Form 121 through their depository participants (NSDL/CDSL) electronically.

Additional Important Information

  • TDS rates will be enhanced by surcharge and cess where applicable
  • Shareholders with multiple accounts under different statuses will have higher tax rate applied to entire holding
  • Dividend payment for physical shareholders will be made only through electronic mode as per SEBI Master Circular dated February 6, 2026
  • Bank account details must be updated and KYC compliant for direct dividend credit
  • TDS certificates will be emailed to registered email IDs post dividend payment
  • Shareholders are responsible for any income tax demands arising from misrepresentation