Date: 4th July, 2026

Dividend Declaration or Non-Declaration

  • The Board of Directors, at its meeting held on 28th May 2026, recommended a final dividend of ₹10 (Ten Rupees) per equity share, which represents a 100% payout on shares of face value ₹10 each for the financial year ended 31st March 2026.
  • This dividend recommendation is subject to approval by shareholders at the forthcoming 46th Annual General Meeting (AGM).
  • If approved, the dividend will be paid within 30 days from the date of its declaration at the AGM to all equity shareholders on record as of the record date (which is not specified in this document).

Other Operational / Legal / Strategic Disclosures

This document is a comprehensive procedural guide for shareholders concerning Tax Deducted at Source (TDS) on the proposed dividend, mandated under the Income Tax Act, 2025.

Key Deadlines and Requirements for Shareholders:

  • All shareholders must update mandatory information with their Depository Participant (for demat holdings) or the Registrar and Transfer Agent, KFin Technologies Limited (for physical holdings), on or before 17th August 2026.
  • Required details include: Residential status for FY 2026-27 (Resident/Non-Resident), Valid PAN, Aadhaar number (for individuals), Shareholder category, Email ID, Address, Contact number, and Bank account details.
  • Documents to determine applicable TDS rates must be uploaded to KFin Technologies' portal at https://ris.kfintech.com/form15 by the same deadline, 17th August 2026.

TDS Rates and Conditions for Resident Shareholders:

  • 0% TDS: For individual residents if the total dividend from the company during FY 2026-27 does not exceed ₹10,000. Also applicable upon submission of a duly filled and signed Form No. 121 (successor to Forms 15G/15H).
  • 10% TDS: Standard rate for most resident shareholders if a valid PAN is provided.
  • 20% TDS: If a valid PAN is not provided or if the PAN is not linked with Aadhaar as required by Section 262 of the Income Tax Act.
  • Specific exempt categories (like Government, RBI, certain corporations) require self-declaration and supporting documents for nil/lower deduction. These include Mutual Funds, Insurance Companies, Alternative Investment Funds (AIFs Category I & II), New Pension System Trust, and Recognized Provident/Approved Superannuation/Approved Gratuity Funds.

TDS Rates and Conditions for Non-Resident Shareholders:

  • Standard Rate: 20% plus applicable surcharge and health & education cess.
  • Beneficial DTAA Rate: Non-resident shareholders can avail lower rates under Double Taxation Avoidance Agreements (DTAAs) by submitting specific documents by the deadline. These include a self-attested PAN copy (if allotted), a valid Tax Residency Certificate (TRC) for FY 2026-27, a duly filed Form 41, and a self-declaration of meeting treaty eligibility and beneficial ownership requirements.
  • Foreign Portfolio Investors (FPIs) must also submit a self-attested copy of their SEBI registration certificate.
  • Shareholders resident in Singapore must provide additional evidence demonstrating the non-applicability of Article 24 (Limitation of Relief) of the India-Singapore DTAA.

General Provisions:

  • Shareholders can also submit a certificate issued under Section 395 of the Income Tax Act for deduction at a lower or nil rate.
  • The company will rely on details available with depositories or in the Register of Members as of the record date for TDS calculation.
  • TDS certificates will be emailed to shareholders post-dividend payment and TDS return filing. The TDS amount will also be reflected in Form 168 (formerly Form 26AS) on the Income Tax portal.
  • Dividend payments for shares held in physical form will be made only via electronic mode after receipt of complete bank details, PAN, and specimen signature.
  • The company disclaims liability for higher TDS deductions due to missed deadlines, deficient documents, or shareholder misrepresentation. Shareholders are responsible for any resultant tax demands and must indemnify the company.

KMP / Board / Auditor Changes

Not Specified

Board Meeting Outcomes

Mentions the Board meeting dated 28th May 2026 where the dividend was recommended. No other outcomes are detailed in this communication.

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified