Gujarat Energy Limited has communicated detailed procedures regarding Tax Deduction at Source (TDS) on dividends to be declared for the financial year 2025-26 (Tax Year 2026-27).

Key Quantitative Figures

The Board of Directors at its meeting held on 30th May 2026 recommended a dividend of ₹8.90 per equity share of face value ₹2 each for the financial year ended 31st March 2026.

Shareholder Requirements

All shareholders must ensure the following details are updated in their Demat accounts or with R&TA KFin Technologies Limited by the record date (to be announced):

1. Valid Permanent Account Number (PAN)

2. Category of shareholder (e.g., Domestic Company, Foreign Company, Individual, etc.)

3. Residential Status for Tax Year 2026-27 (Resident or Non-Resident)

4. E-mail ID for communication

5. Address for Communication

TDS Rates and Procedures

For Resident Shareholders:

  • Default TDS rate: 10%
  • Higher rate of 20% applies for: No PAN, invalid PAN, or inoperative PAN due to non-linking with Aadhaar
  • No TDS if total dividend income to individual shareholder does not exceed ₹10,000 as per Section 393(4)
  • Specific exemptions and declaration requirements for various entities (Insurance Companies, Mutual Funds, AIF Category-I & II, NPS Trust)

For Non-Resident Shareholders:

  • Default TDS rate: 20% (plus applicable surcharge and cess)
  • Option to avail Tax Treaty rates upon submission of:
  • Self-attested copy of valid PAN (if available)
  • Self-attested copy of valid Tax Residency Certificate (TRC) for Tax Year 2026-27
  • Declaration as per Rule 217 of Income Tax Rules, 2026

Submission Deadlines and Procedures

  • Concessional forms/declarations must be submitted on or before two days post the record date
  • Documents must be uploaded to KFin Technologies' portal at https://ris.kfintech.com/form15/ or submitted physically to their Hyderabad address
  • Declaration under Rule 203 must be submitted by entities holding shares on behalf of registered shareholders by two days post record date

Company TAN Details

Gujarat Energy Limited's Tax Deduction Account Number (TAN) is AHMG05349B, required for applying lower/nil TDS certificates.

Important Notes

  • The company may deduct TDS at maximum applicable rate in case of incomplete, conflicting, or ambiguous information
  • All tax rates will be enhanced by surcharge and cess where applicable
  • Shareholders are responsible for any income tax demands arising from misrepresentation or omission of information
  • TDS certificates will be made available as per statutory timeline
  • Record date will be intimated to stock exchanges as per statutory requirements