Dividend Declaration Details

  • The Board of Directors declared an interim dividend for FY 2026-27 at its meeting held on October 29, 2026.
  • Dividend amount: ₹5 (Rupees Five Only) per Equity Share.
  • Record date for dividend payment: Wednesday, November 4, 2026.

TDS Compliance Requirements

Under Income Tax Act, 2025, dividend income is taxable in shareholders' hands, requiring TDS deduction by the company at applicable rates.

Mandatory Information Update Requirements

All shareholders must update the following details with their Depository Participant (dematerialized shares) or MUFG Intime India Private Limited (physical shares) by end of Wednesday, November 4, 2026:

  • Permanent Account Number (PAN)
  • Aadhaar number (for individual shareholders)
  • Residential status for FY 2026-27 (Resident or Non-Resident)
  • Shareholder category from specified list
  • Email ID
  • Address
  • Contact phone number

TDS Provisions by Shareholder Category

I. Resident Shareholders

A. Resident Individuals:

  • TDS rate: 10% under Section 393 of Income Tax Act, 2025 with valid PAN
  • TDS rate: 20% under Section 397(2) if PAN not submitted/invalid
  • No TDS if aggregate dividend during FY 2026-27 doesn't exceed ₹10,000
  • Option to submit Form 121 declaration for nil deduction

B. Resident Non-Individuals:

Specific documentation required for nil TDS rate:

  • Insurance Companies: Declaration of beneficial interest, PAN, IRDAI registration
  • Mutual Funds: Self-declaration under Schedule VII (Table Sl No 20 or 21), PAN, registration
  • Alternative Investment Fund (AIF): Self-declaration of exemption under Schedule V (Sl No 1), PAN, SEBI registration
  • Corporations: Self-declaration of exemption under Central Act, PAN, registration
  • Rule 203 benefit: Declaration format for intermediaries/stock brokers
  • Other exempt entities: Documentary evidence of exemption

II. Non-resident Shareholders/Foreign Companies

  • Default TDS rate: 20% plus applicable surcharge and cess under Section 393
  • Option to avail DTAA benefits if more beneficial
  • Required documents: PAN (if available), name, email, contact number, foreign address, tax residency certificate, foreign TIN, Form 41 filed electronically
  • Mandatory no Permanent Establishment declaration
  • FPIs/FIIs additionally require SEBI registration certificate

General Provisions

  • Lower withholding certificate under Section 395 can be submitted for lower/nil rates
  • Shareholders with multiple accounts under different statuses: Highest applicable tax rate will apply across all holdings
  • Documents must be uploaded with RTA at specified URL by November 4, 2026
  • Company will rely on records available with RTA as of record date
  • No TDS revision requests entertained after filing
  • Shareholders can claim refunds while filing income tax returns if eligible
  • Beneficial ownership declarations must be submitted by record date for shares held by intermediaries
  • Incomplete/unsigned forms will not be considered
  • Bank details and email registration required for dividend processing

Disclaimer

The communication explicitly states it does not constitute legal or tax advice and recommends shareholders consult their own tax consultants for specific implications.