Key Quantitative Figures

  • Dividend recommended: ₹5 per equity share of face value ₹1 each
  • Financial year: Ended March 31, 2026
  • Higher TDS rate for missing PAN: 20%
  • TDS exemption threshold for resident individuals: Dividend income not exceeding ₹10,000 during TY 2026-27

Parties Involved

  • Issuer: Hindalco Industries Limited
  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Regulatory references: SEBI circular dated November 03, 2021 (amended December 14, 2021, March 16, 2023, November 17, 2023)
  • Income Tax Act, 2025 references: Sections 262, 393, 395, 397

TDS Rate Structure

Resident Shareholders

  • NIL TDS: For residents submitting Form No. 121, insurance companies, mutual funds, business trusts, alternative investment funds, recognized provident funds, NPS Trust, and certain corporations
  • 20% TDS: For residents without valid PAN or with inoperative PAN
  • Lower rates: Possible with Section 395 order from Income Tax authorities

Non-Resident Shareholders

  • 20% or Tax Treaty rate (whichever lower) for FIIs/FPIs with required documentation
  • 30% for tax residents of Notified Jurisdictional Areas
  • NIL for Sovereign Wealth Funds and Pension funds notified under Schedule V
  • Required documents: Tax Residency Certificate, Form No. 41, self-declaration of no Permanent Establishment in India

Submission Requirements

  • Documents can be uploaded at: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • Alternative portal: https://easydividend.nexdigm.com
  • Physical submissions to RTA: MUFG Intime India Private Limited, C-101, 'Embassy 247', L.B.S. Marg, Vikhroli (West), Mumbai – 400 083
  • Resident individuals can submit Form No. 121 through their Depository Participants

Additional Requirements for Physical Shareholders

  • Must update PAN, nomination, contact details, mobile number, bank account details, specimen signature as per SEBI circular
  • Eligible for dividend payment only through electronic mode effective April 01, 2024
  • Required forms: ISR-1, ISR-2 and SH-13 available on RTA website

Important Notes

  • Company will rely on income tax department reports for PAN validity checks
  • Higher TDS rate applies if Aadhaar not linked with PAN
  • For multiple accounts under single PAN, highest applicable TDS rate will apply
  • TDS credit can be viewed in Form 26AS via e-filing portal
  • No revision of TDS return will be entertained post-filing

Financial Impact

Dividend payout amount not quantified in the disclosure. TDS amounts will vary based on shareholder category and documentation provided.