Document Overview

Communication to shareholders regarding Tax Deducted at Source (TDS) procedures for final dividend payment for financial year 2025-26.

Dividend Declaration

  • Final dividend recommended: ₹2.00 per equity share of face value ₹1
  • Board meeting date: April 28, 2026
  • Financial year: 2025-26
  • Annual General Meeting scheduled: August 31, 2026
  • Record date: July 31, 2026
  • Dividend payment deadline: On or before September 29, 2026 (if approved)

TDS Procedures for Resident Shareholders

Individual Residents

  • Exempt from TDS if total dividend for year does not exceed ₹10,000
  • 10% TDS applies if dividend exceeds ₹10,000
  • 20% TDS if PAN not provided/registered or PAN not linked with Aadhaar
  • Form 121 declaration available for exemption

Non-Individual Residents

Specific exemptions with required documentation:

  • Mutual Funds: No TDS with self-declaration, PAN and SEBI registration certificate
  • Insurance Companies: Declaration of beneficial interest with PAN and IRDAI registration
  • Category I & II AIFs: Self-declaration of exempt status with PAN and registration certificate
  • Government Entities: No TDS with valid self-declaration and documentary evidence
  • Other exempt entities: Documentary evidence supporting exemption claim

TDS Procedures for Non-Resident Shareholders

  • Standard TDS rate: 20% plus applicable surcharge and cess
  • Option to apply Double Tax Avoidance Agreement (DTAA) rates if more beneficial
  • Required documents for DTAA benefits: SEBI registration (for FII/FPI), Tax Residency Certificate, Form 41, PAN copy, self-declaration format
  • Specific requirements for Singapore residents regarding Article 24 limitation

Documentation Deadline

  • Cut-off date for submission: August 10, 2026 by 11:59 PM IST
  • Submission portal: https://ris.kfintech.com/clientservices/investors/taxforms.aspx
  • No communications accepted after deadline
  • Incomplete/unsigned forms will not be considered

Additional Requirements

  • Shareholders must update details with depository participants (dematerialized) or RTA (physical)
  • Physical shareholders must provide PAN, contact details, bank account details, specimen signature for electronic payment
  • TDS certificates will be emailed to registered email IDs post-payment
  • Shareholders responsible for any tax demands arising from misrepresentation

Disclaimer

The information provided does not constitute legal or tax advice. Shareholders are advised to consult their own tax consultants for specific implications.