Dalmia Bharat Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated TDS provisions to shareholders regarding the interim dividend declared for FY 2026-27.

Dividend Declaration

The Board of Directors declared an interim dividend of ₹4 per equity share (face value ₹2 each) at their meeting held on October 26, 2026, for the financial year 2026-27. The dividend will be paid after deduction of Tax at Source (TDS) as required under the Income Tax Act, 2025.

TDS Provisions for Resident Shareholders

  • TDS rate of 10% applies under Section 393(1) for shareholders with valid PAN
  • TDS rate of 20% applies under Section 397(2) for shareholders without valid PAN or with inoperative PAN
  • No TDS for resident individuals if total dividend during FY 2026-27 does not exceed ₹10,000
  • No TDS if shareholder provides valid Form 121 (must be submitted for interim dividend specifically)
  • No TDS with exemption certificate under Section 395(1) of the Act

Special Categories for Resident Non-Individuals

Specific documentation requirements for:

  • Insurance Companies: Self-declaration format, PAN copy, IRDA registration
  • Mutual Funds: Self-declaration, PAN copy, SEBI registration
  • Alternative Investment Funds: Self-declaration, PAN copy, SEBI AIF registration
  • NPS Trust: Self-declaration, PAN copy, registration certificate
  • IFSC Units: Form 1 declaration per CBDT notification 28/2024 dated March 7, 2024

TDS Provisions for Non-Resident Shareholders

  • Standard withholding tax rate of 20% plus applicable surcharge and cess
  • 10% rate (plus surcharge and cess) for Specified Funds under Schedule VI and GDR holders
  • Lower/NIL withholding possible with certificate under Section 395(1)
  • DTAA benefits available upon submission of: PAN copy (or alternative details), Tax Residency Certificate (April 2026-March 2027), electronically filed Form 41, self-declaration of treaty eligibility
  • SEBI registration certificate required for FIIs/FPIs
  • Additional requirements for Singapore tax residents regarding Article 24 limitation

Payment Rates Summary

Resident Shareholders:

  • 0% if dividend ≤ ₹10,000 or valid Form 121 submitted
  • 10% with valid PAN (subject to above exemptions)
  • 20% without valid PAN/inoperative PAN

Non-Resident Shareholders:

  • DTAA beneficial rates upon complete documentation
  • 10% for GDR holders and Specified Funds
  • 20% default rate if documents not submitted

Critical Deadlines

All tax-related documents must be submitted by October 30, 2026:

  • Resident shareholders: Upload via https://ris.kfintech.com/form15 or email einward.ris@kfintech.com
  • Non-resident shareholders: Email to einward.ris@kfintech.com

No communications regarding tax determination will be accepted after October 30, 2026. Shareholders are also requested to ensure their bank account details are updated in their demat accounts for timely dividend credit.

Additional Provisions

Shareholders with multiple accounts under different status categories but single PAN will have the highest applicable tax rate applied to their entire holding. Rule 203 of Income Tax Rules 2026 requires declaration if dividend income is assessable in hands of person other than deductee.

The company explicitly states this communication should not be treated as tax advice from the company, its affiliates, or its Registrar & Transfer Agent.