Date: May 22, 2026

Dividend Declaration

  • Second Interim Dividend of ₹24 per equity share of Re.1 each declared for Financial Year 2025-26
  • Dividend payment date: on and from June 17, 2026
  • Record date: June 1, 2026

Tax Deduction at Source (TDS) Provisions

For Resident Shareholders

  • TDS deducted under Section 393(1) [Table: S.No.7] of Income Tax Act, 2025
  • 10% TDS if PAN provided and total dividend exceeds ₹10,000 during TY 2026-27
  • 20% TDS if PAN not provided/not available/PAN not linked to Aadhaar
  • No TDS if total dividend paid during TY 2026-27 is up to ₹10,000
  • No TDS for shareholders providing Form 121 (resident individuals including those aged 60+ years) meeting eligibility conditions
  • No TDS for certain categories specified in Section 393(4) [Table: S.No.10]

For Non-resident Shareholders (FPI/FII and others)

  • TDS deducted under Section 393(2) [Table Sl. No 17] read with section 207(1) [Table Sl. No. 1]
  • Default rate: 20% on dividend amount
  • Option to avail lower rate under Double Tax Avoidance Agreement if more beneficial
  • Required documents for treaty benefits: Self-attested PAN copy, Tax Residency Certificate (TRC) for April 2026-March 2027, Form 41 for TY 2026-27, Self-declaration of eligibility
  • Special requirement for Singapore residents: Evidence demonstrating non-applicability of Article 24 of India-Singapore DTAA
  • All tax rates subject to applicable surcharge and cess

Document Submission Requirements

  • Deadline: June 1, 2026 by 05:00 PM IST
  • Submission portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • No communications on tax determination entertained after deadline
  • Tax once deducted will not be refunded or adjusted against future payment
  • Company's decision on applicable TDS rate is final
  • Shareholders allowed only one document submission

Bank Account Details Update

  • SEBI Circular references: SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 (March 16, 2023), SEBI/HO/MIRSD/POD-1/P/CIR/2023/70 (May 17, 2023), SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 (February 6, 2026)
  • Dividend payments mandatory through electronic mode effective April 1, 2024
  • No dividend payment if PAN, KYC details, contact details, bank account details, or specimen signatures not updated
  • Shareholders must update details with Company/RTA (physical shares) or Depository Participant (electronic shares)
  • Recommendation to furnish/update nomination details

Disclaimer

  • Communication not to be treated as tax advice from Company or affiliates
  • Shareholders should obtain tax advice from tax professionals