Key Quantitative Figures

The Board of Directors has recommended a final dividend of ₹1.50 per fully paid-up equity share of face value ₹10 each (15%) for the financial year ended March 31, 2026.

Dates of Action

  • Board meeting date: May 29, 2026 (dividend recommendation)
  • Document submission deadline: July 31, 2026
  • Dividend payment: After AGM approval (date not specified)
  • Financial year covered: April 1, 2025 to March 31, 2026

TDS Procedures for Resident Shareholders

  • Standard TDS rate: 10% for shareholders with valid PAN
  • Higher TDS rate: 20% for shareholders without PAN/invalid PAN/non-linked PAN with Aadhaar
  • No TDS for resident individuals if dividend amount does not exceed ₹10,000 or if they submit Form 15G (below 60 years)/Form 15H (60 years and above)
  • Specific exemptions for resident non-individuals: Insurance companies, Mutual Funds, Alternative Investment Funds (AIF), NPS Trust with required documentation

TDS Procedures for Non-Resident Shareholders

  • Standard withholding tax rate: 20% (plus applicable surcharge and cess)
  • Option to be governed by Double Tax Avoidance Agreement (DTAA) provisions if more beneficial
  • Required documents: PAN card, Tax Residency Certificate (TRC), e-filed Form 10F, self-declaration of treaty eligibility
  • Special requirements for Singapore tax residents regarding Article 24 limitation of relief

Lower Withholding Provisions

Shareholders (resident or non-resident) can provide certificate under Section 197 of the Act for lower/nil withholding of taxes.

Submission Requirements

  • All tax-related documents must be submitted by July 31, 2026
  • Documents can be uploaded at: https://www.bigshareonline.com/resourcessebicircular.aspx#parentHorizontalTab3|ChildVerticalTab38
  • Email submissions to: cs@dynemic.com; tds@bigshareonline.com
  • Documents include: Form 15G, Form 15H, declaration forms, PAN cards, exemption certificates, TRC, Form 10F

Additional Provisions

  • PAN-Aadhaar linking mandatory under Section 139AA
  • Rule 37BA declaration required if dividend income assessable in hands of person other than deductee
  • Higher TDS rate applied across all accounts for shareholders with multiple accounts under different status/category with single PAN
  • Dividend payment for physical shareholders mandated only through electronic mode effective April 1, 2024 as per SEBI circulars

Annexures Included

  • Annexure 1: FORM 15G
  • Annexure 2: FORM 15H
  • Annexure 3: Declaration of Category of Shareholder
  • Annexure 4: Declaration Regarding Tax Residency
  • Annexure 5: TDS Declaration Format Under Rule 37BA
  • Annexure 5a: Appendix A for Rule 37BA

Financial Impact

Tax will be deducted at source from the dividend payment as per the applicable rates determined based on shareholder submissions and documentation.