Key Quantitative Figures

  • Recommended final dividend: ₹2 per equity share (face value ₹10)
  • TDS threshold for resident individuals: ₹10,000 aggregate dividend during tax year
  • Standard TDS rate for resident individuals: 10% (with valid PAN)
  • Higher TDS rate: 20% (invalid or missing PAN)
  • Non-resident TDS rate: 20% plus applicable surcharge and Health and Education Cess

Dates of Action

  • Board meeting date: May 6, 2026 (dividend recommendation)
  • Communication date: July 20, 2026
  • Record date: August 5, 2026 (for dividend eligibility)
  • AGM date: August 13, 2026 (shareholder approval required)
  • Document submission deadline: August 5, 2026, 5:00 PM IST

Parties Involved

  • Brigade Enterprises Limited (issuing company)
  • KFin Technologies Limited (RTA - Registrar and Transfer Agent)
  • Shareholders (resident and non-resident)
  • Insurance Regulatory and Development Authority (IRDA)
  • Securities and Exchange Board of India (SEBI)

TDS Procedures for Different Shareholder Categories

For Resident Shareholders

  • No TDS if aggregate dividend does not exceed ₹10,000 during tax year (Section 393(1)(4))
  • 10% TDS with valid PAN
  • 20% TDS if PAN not available or invalid
  • PAN-Aadhar linking mandatory since July 1, 2023
  • Specific declaration requirements for:
  • Insurance companies (IRDA registration proof)
  • Mutual Funds (SEBI registration proof)
  • Alternative Investment Funds (Category I/II AIF under SEBI regulations)
  • Other non-individual shareholders exempt under Section 393(1)

For Non-Resident Shareholders

  • Standard 20% TDS plus surcharge and cess
  • DTAA benefits available if more beneficial
  • Required documents: PAN copy, Tax Residency Certificate, Form 41, self-declaration
  • FIIs/FPIs: Fixed 20% rate regardless of DTAA benefits

Submission Process

  • Documents must be uploaded to KFin Technologies portal: https://ris.kfintech.com/clientservices/investors/taxformsupload.aspx
  • Only electronic submissions accepted
  • No communications accepted after August 5, 2026, 5:00 PM IST
  • Multiple accounts under single PAN will be aggregated for TDS calculation

Payment Method

  • Dividend payment exclusively through electronic modes (NEFT, RTGS, NECS, or RBI-approved facilities)
  • Physical dividend warrants/cheques discontinued per SEBI mandate effective November 19, 2025
  • Shareholders must ensure bank details are updated with Depository Participant

Financial Impact

Dividend payment of ₹2 per share subject to shareholder approval at AGM. TDS amounts will vary based on shareholder category and documentation provided.

Disclaimer

The communication explicitly states it is not tax advice and shareholders should consult tax professionals for their specific tax matters.