Dividend Recommendation

The Board of Directors of EIH Limited, at its meeting held on Tuesday, 26th May 2026, recommended a dividend of Rs. 1.50 per equity share of face value Rs. 2 each for the Financial Year ended 31st March 2026. This is subject to approval at the ensuing Annual General Meeting (AGM).

TDS Applicability

As per the Income Tax Act, 2025, dividend paid or distributed by the company shall be taxable in the hands of shareholders. The company is required to deduct TDS at applicable rates on the amount distributed to shareholders.

Key Exemption

No tax will be deducted on payment of dividend to resident individual shareholders if the total dividend paid during Tax Year 2026-27 (April 1, 2026 to March 31, 2027) does not exceed Rs 10,000.

TDS Rates and Documentation Requirements

Resident Shareholders
  • With valid PAN: 10% TDS
  • With no/invalid PAN: 20% TDS
  • Lower/nil tax deduction certificate u/s 395(1): Rate specified in certificate
  • Nil TDS available for specific categories upon submission of required declarations:
  • Individuals with dividend income > Rs 10,000 submitting Form 121
  • Entities exempt u/s 393(1) such as LIC, GIC, Business Trusts (REIT, InVIT)
  • Entities covered u/s 393(5) such as Government, RBI, Mutual Funds
  • Category I and II Alternative Investment Funds (AIFs)
  • Other entities exempt u/s 393(6)
Non-Resident Shareholders
  • FIIs/FPIs: 20% (plus surcharge and cess) or tax treaty rate, whichever beneficial
  • AIF Category III in IFSC: 10% (plus surcharge and cess)
  • Other non-residents: 20% (plus surcharge and cess) or tax treaty rate
  • Tax residents of Notified Jurisdictional Area: 30%
  • Sovereign Wealth funds and Pension funds notified by Central Government: NIL
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL
  • Lower/NIL tax deduction certificate u/s 395(1): Rate specified in certificate

Documentation Deadline

Shareholders must provide all required details and documents on or before 15th July 2026. Documents submitted after this date will not be considered.

Submission Process

Documents must be submitted via email to: isdho@oberoigroup.com and investor.helpdesk@in.mpms.mufg.com. Documents sent to other email IDs may lead to non-submission and higher TDS deduction.

Multiple Accounts Provision

Shareholders holding shares under multiple accounts with different status/category but single PAN will have the higher applicable tax rate applied to their entire holding.

Electronic Dividend Payment Mandate

Pursuant to SEBI Master Circular dated 6th February 2026 and Regulation 12 of LODR Regulations 2015, dividend to physical shareholders shall be paid only through electronic mode after furnishing PAN, contact details, bank account details, and specimen signature.

Shareholder KYC Requirements

Physical shareholders must update KYC details with the company's RTA, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Demat shareholders must update changes through their Depository Participants only.

Tax Credit Viewing

Tax credit can be viewed in Form 26AS through TRACES portal (https://www.tdscpc.gov.in) or Income Tax e-filing website (https://www.incometax.gov.in).

Disclaimer

The communication explicitly states it is not tax advice and shareholders should consult their own tax advisors. It is a summary of provisions and not a complete analysis of all potential tax consequences.