Key Quantitative Figures

  • Interim Dividend: ₹4 per equity share
  • Face Value: ₹2 per equity share
  • TDS exemption threshold for resident individuals: Dividend income not exceeding ₹10,000
  • Record Date: Friday, November 6, 2026

Dividend Details

The Board of Directors approved an interim dividend of ₹4 per equity share (face value ₹2) for FY 2026-27. The record date to determine eligible shareholders is November 6, 2026. Dividend will be paid electronically based on updated bank mandates.

TDS Provisions

Under the Income Tax Act, 2025, dividend distribution tax has been abolished and dividend income is taxable in shareholders' hands. The company is required to deduct TDS at prescribed rates varying by shareholder category and residency status.

Shareholder Requirements

All shareholders must update the following details by November 6, 2026:

  • Residential status (Resident/Non-Resident for FY 2026-27)
  • Valid PAN copy
  • Shareholder category
  • Email ID
  • Address

TDS Rates for Resident Shareholders

  • 0%: Government, RBI, specified corporations, Mutual Funds (SEBI registered), Category I & II AIFs, Insurance companies (IRDAI registered), NPS Trust, resident individuals with dividend ≤ ₹10,000 or valid Form 121
  • 10%: Other residents with valid PAN
  • 20%: Residents without PAN/invalid PAN/inoperative PAN
  • Variable rates: Shareholders with lower deduction certificate u/s 395

TDS Rates for Non-Resident Shareholders

  • 20%: FII/FPI (plus applicable surcharge & cess)
  • 20%: Other non-residents (plus applicable surcharge & cess)
  • 30%: Tax residents of Notified Jurisdictional Area u/s 176
  • 35%: Non-residents with permanent establishment in India (plus applicable surcharge & cess)
  • Variable rates: Shareholders with lower deduction certificate u/s 395

Documentation Requirements

Shareholders must submit self-attested documents including valid PAN, registration certificates, exemption forms (Form 121), TRC for non-residents, Form 41 for non-residents, and self-declarations as applicable to their category. All documents must be submitted by November 6, 2026 to investor.helpdesk@in.mpms.mufg.com or compliance@crizac.com.

Consequences of Non-Compliance

If valid documents are not received by the deadline, TDS will be deducted at the maximum applicable rate. Shareholders can claim refund of excess TDS by filing income tax returns, subject to applicable conditions.

Additional Provisions

  • PAN-Aadhaar linking is mandatory under Section 262 of the Act
  • For shares held through multiple accounts under single PAN, highest applicable tax rate will be applied to entire holding
  • TDS certificates will be emailed to registered email IDs
  • TDS credit will be reflected in Form 168 available on income tax portal

Disclaimer

The communication summarizes tax provisions and does not purport to be complete analysis. Shareholders should consult their tax advisors for specific circumstances.