Key Quantitative Figures

  • Recommended dividend: 450% (₹9.00 per equity share of face value ₹2.00 each)
  • Dividend threshold for TDS exemption: ₹10,000 aggregate during Tax Year (TY) 2026-27
  • Standard TDS rates: 10% for most resident shareholders, 20% for those without valid PAN/linked Aadhaar
  • Non-resident TDS rate: 20% plus applicable surcharge and health & education cess

Dates of Action

  • Board meeting date: May 28, 2026 (dividend recommendation)
  • Record date: September 4, 2026
  • Deadline for tax document submission: September 4, 2026
  • Annual General Meeting: September 28, 2026 (shareholder approval)
  • Dividend payment date: On or before October 27, 2026

Parties Involved

  • Share Transfer Agent: KFin Technologies Limited
  • Depositories: National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL)
  • Tax Authority: Indian Income-tax Department (TAN: PNEF00004E)

TDS Procedures for Resident Shareholders

  • 0% TDS if aggregate dividend ≤ ₹10,000 during TY 2026-27 with submission of valid Form 121 declaration
  • 20% TDS if PAN not submitted, invalid, or not linked with Aadhaar
  • Lower or Nil TDS rate with certificate under section 395 of Income-tax Act, 2025
  • Specific exemptions for Mutual Funds, Insurance Companies, NPS Trust, Corporations established by Central Act, and Alternative Investment Funds (AIF) subject to valid documentation
  • Standard 10% TDS for other shareholders

TDS Procedures for Non-Resident Shareholders

  • Standard TDS rate: 20% plus applicable surcharge and cess
  • Option to claim beneficial Double Tax Avoidance Agreement (DTAA) rates with proper documentation
  • Required to submit declaration forms and certificates as per Annexure A

Documentation Requirements

All shareholders must ensure submission of:

  • Valid Permanent Account Number (PAN)
  • Residential status (Resident or Non-Resident)
  • Shareholder category
  • Complete address with PIN code (including country)
  • Relevant declarations/certificates as specified in Annexure A

Documents must be uploaded with KFin Technologies Limited at https://ris.kfintech.com/clientservices/investors/taxforms.aspx by September 4, 2026.

Additional Provisions

  • For multiple accounts under single PAN: Highest applicable tax rate will be applied to entire holding
  • For joint shareholding: Tax rates based on status of primary beneficial shareholder
  • Lower/Nil withholding tax certificates from tax authorities will be honored
  • TDS certificates will be emailed to shareholders post-dividend payment
  • Tax credit can be viewed in Form 168 on Income-tax Department e-filing portal

Financial Impact

Dividend payout amount not quantified in the disclosure. The financial impact is contingent on shareholder approval at AGM and actual TDS deductions based on shareholder submissions.

Disclaimer

The company explicitly states that the information does not constitute legal or tax advice and recommends shareholders consult their own tax consultants for specific implications.