Cochin Shipyard Limited (CSL) announced the declaration of its 01st interim dividend for the financial year 2026-27. The Board of Directors declared a dividend of ₹3.00 (60%) per equity share of face value ₹5 each at their meeting held on November 10, 2026.

The dividend will be paid, subject to deduction of tax at source, by December 09, 2026 (within 30 days from declaration) to members as on the Record Date of Monday, November 16, 2026.

Under the Income Tax Act, 2025, dividend distributed by the company is taxable in the hands of shareholders effective April 01, 2026, requiring TDS deduction at applicable rates.

TDS Procedures for Resident Shareholders

  • TDS does not apply if aggregate dividend distributed to individuals during FY 2026-27 does not exceed ₹10,000
  • Tax will not be deducted where shareholders furnish Form 121 (replacing previous Form 15G/15H) subject to eligibility conditions
  • TDS will be deducted @ 10% under Section 393(1) unless exempted
  • PAN-Aadhar linking is mandatory; if PAN is invalid/not submitted, TDS @ 20% under Section 397
  • Shareholders must update PAN with Depository Participants
  • For multiple accounts under different status/category with single PAN, higher applicable tax rate will be considered on entire holding
  • Required documents must be submitted by November 16, 2026, at the portal of the company's RTA, MUFG Intime India Private Limited

TDS Procedures for Non-Resident Shareholders

  • TDS required under Section 393(2) @ 20% (plus applicable surcharge and cess) on dividend payable
  • Eligible shareholders can submit documents for DTAA benefits by November 16, 2026
  • Company is not obligated to apply beneficial DTAA rates; application depends on completeness of documents
  • TDS rate of 20% for FPIs shall not be reduced on account of lower DTAA rates

Document Submission Deadline

All documents must be submitted by November 16, 2026 (Record Date). Documents submitted via email or other forms will not be considered. No communication on tax determination/deduction will be considered after this date.

Additional Information

Shareholders can claim refund of excess tax deducted when filing income tax returns. Shareholders should register/update email addresses with Depository Participants or RTA to receive Form 131 (TDS certificate). TDS credit can be viewed in Form 168 (formerly Form 26AS) from the e-filing account.

The company disclaimer states this communication is not tax advice and shareholders should consult tax professionals for tax-related matters.