Dividend Declaration Details

  • The Board of Directors declared an interim dividend of ₹2 per equity share (100% of face value of ₹2 each) for Financial Year 2026-27
  • Board meeting date: July 22, 2026
  • Record date for dividend payment: July 31, 2026
  • Dividend payable to shareholders whose names appear in Register of Members/List of Beneficial Owners as provided by NSDL and CDSL as on record date

Tax Deduction at Source (TDS) Requirements

As per Income-tax Act, 2025, dividends are taxable in hands of shareholders, requiring TDS deduction at time of payment. TDS rates vary based on shareholder category and documentation submitted.

Resident Shareholders TDS Rates:

  • 10% TDS for resident shareholders with valid PAN
  • NIL TDS if dividend distributed to resident individual shareholder does not exceed ₹10,000 during TY 2026-27
  • 20% TDS if valid PAN not provided (as per Section 397(2) of the Act)

Special Categories with NIL TDS Rate (subject to documentation):

  • Insurance Companies (Public & Other Insurance Companies as specified under Section 393(4))
  • Corporations established by Central Act exempt from income-tax
  • Mutual Funds specified under Schedule VII
  • Alternative Investment Funds (Category I or II)
  • Category III AIF: 10% TDS rate

Non-Resident Shareholders TDS Rates:

  • 20% plus applicable surcharge and cess
  • Or Tax Treaty rate, whichever is lower (subject to documentation)

Required Documentation

Shareholders must submit documents through MUFG Intime India Private Limited portal (https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html) by July 31, 2026, 11:59 PM IST.

Resident Shareholders Documentation:

  • Valid PAN as updated with depository participant (demat) or RTA (physical)
  • For special categories: Lower/NIL withholding tax certificates, self-declarations, PAN copies, and regulatory registration certificates

Non-Resident Shareholders Documentation:

  • Copy of PAN card (if allotted)
  • Self-attested copy of Tax Residency Certificate (TRC) valid as on Board Meeting date
  • Form No. 41 filed online on income-tax portal
  • Self-declaration confirming beneficial ownership, eligibility for Tax Treaty benefits, and no Permanent Establishment in India

Important Notes

  • TDS deducted at higher rate (20% plus surcharge/cess) if required documents not provided
  • Company not obligated to apply Tax Treaty rates without complete documentation
  • For multiple accounts under single PAN, highest applicable tax rate considered for entire holding
  • TDS certificate will be sent to shareholders' registered email ID
  • TDS credit visible in Form 168 downloadable from e-filing account
  • No claims against Company for taxes deducted at higher rates
  • No communication/documents accepted after July 31, 2026, 11:59 PM IST

Registered Office and Contact Information

Gandhar Oil Refinery (India) Limited

DLH PARK, 18TH FLOOR, S. V. ROAD, GOREGAON (WEST), Mumbai City, Maharashtra, India, 400062

Tel: 022 4063 5600, Fax: 022 4063 5601

Compliance Officer

Binal Khosla, Company Secretary & Compliance Officer (Mem. No.: A29802)

Registrar and Transfer Agent

MUFG Intime India Private Limited