Dividend Details

  • Dividend Type: 1st Interim Dividend for FY 2026-27
  • Amount: ₹5.50 per equity share
  • Face Value: ₹10 per share
  • Record Date: Friday, July 31, 2026
  • Board Approval Date: July 27, 2026
  • Payment Method: Electronic modes only (no physical warrants, cheques, or demand drafts) as per SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025 dated November 18, 2025

Tax Deduction at Source (TDS) Framework

The dividend is taxable in shareholders' hands per Income Tax Act, 2025 read with Income Tax Rules, 2026 and Finance Act, 2020 provisions effective April 1, 2020. TDS will be deducted as per applicable provisions based on shareholder status and category.

Resident Shareholders TDS Requirements:

  • General Rate: 10% for resident shareholders
  • Exemption Cases: No TDS if dividend income ≤ ₹10,000 during Tax Year 2026-27; exemption through circular/notification with attested PAN copy; submission of Form 121 declaration
  • No PAN/Invalid PAN: 20% TDS rate under Section 397
  • Mutual Funds: NIL rate with self-attested SEBI registration certificate, PAN card, and declaration of being notified mutual fund under Schedule VII (21)
  • Insurance Companies: NIL rate with documentary evidence that Section 393 doesn't apply, self-attested PAN, and IRDAI registration certificate
  • Section 11 Exempt Entities: NIL rate with authorized declaration and self-attested PAN (per Circular No.18/2017)
  • Rule 203 Cases: Rates based on beneficial owners' status with declaration requirements
  • Central Act Corporations: NIL rate with Section 393 exemption evidence and self-attested PAN
  • Section 395 Orders: Rate as specified in tax authority certificate valid for TY 2026-27
  • AIFs: NIL rate for Category I/II AIFs with declaration of Schedule V(1) exemption and registration documents
  • Minors: Form 121 declaration required for exemption; parent/guardian declaration under Rule 203 for TDS credit allocation

Non-Resident Shareholders TDS Requirements:

  • Documentation Requirements: PAN card (if allotted), valid Tax Residency Certificate (TRC), electronically generated Form 41, self-declaration covering treaty eligibility, beneficial ownership, no PE/Fixed Base in India, compliance with treaty/MLI conditions, no place of effective management in India
  • Tax Treaty Rates: Applicable only as per Dividend Article of respective treaty (no MFN clause claims)
  • Default Rate: 20% (plus surcharge and cess) if documents not provided/invalid
  • Section 395 Orders: Rate as specified in certificate valid for TY 2026-27
  • Notified Jurisdictional Area Residents: 30% rate (plus surcharge and cess)
  • Sovereign Wealth/Pension Funds: NIL rate under Schedule V(7) with self-declaration and registration/incorporation certificate
  • Section 202 Opt-out Declaration: Required declaration for quarterly TDS return reporting

Submission Procedures and Deadlines

  • Submission Portal: https://taxportal.coalindia.in
  • Portal Opening: Tuesday, July 28, 2026
  • Cut-off Date: Tuesday, August 4, 2026
  • Alternative Submission: Email to cil.taxdoc@coalindia.in during portal issues
  • Rule 203 Declarations: Must be submitted by August 4, 2026 for beneficial ownership reporting

Additional Shareholder Instructions

1. Multiple accounts with single PAN: Higher applicable tax rate will be applied to entire holding

2. Form 121 Requirements: Must include estimated total dividend income from CIL during FY 2026-27, DP ID/Client ID, nature of income (Dividend), section (393), and amount

3. Aadhaar-PAN linking required to avoid 20% TDS under Section 397

4. Bank account details must be updated with Depository Participants (demat) or with RTA Alankit Assignments Limited (physical shares)

5. Email and mobile registration requested at cil.taxdoc@coalindia.in or rta@alankit.com

TDS Certificate Distribution

  • TDS certificates available exclusively for download at https://taxportal.coalindia.in
  • No physical mailing of TDS certificates
  • Technical assistance available at cil.taxdoc@coalindia.in

Registrar and Transfer Agent

M/s Alankit Assignments Limited

Disclaimer

The communication is not tax advice and is provided solely as an investor service for informational purposes.