Dividend Recommendation

The Board of Directors in their meeting held on May 27, 2026 recommended a Final Dividend of ₹0.50 per equity share of face value ₹2 each for the financial year 2025-26. This dividend is subject to approval by members at the ensuing Annual General Meeting.

Record Date and Eligibility

The dividend, if approved, will be paid to shareholders whose names appear in the Register of Members or in depository records as beneficial owners as at the close of business hours on June 19, 2026 (Record Date).

TDS Implementation

In accordance with the Income Tax Act, 2025, the Company will deduct tax at source at applicable rates during dividend payment. Shareholders must ensure their PAN, residential status, category, email ID, and address details are updated with their Depository Participants (for demat holdings) or with Skyline Financial Services Pvt Ltd (for physical holdings).

TDS Rates and Documentation Requirements

Resident Shareholders

  • With Valid & Operative PAN: 10% TDS*
  • With No PAN or Inoperative PAN: 20% TDS
  • Resident individuals submitting Form 121: NIL TDS (subject to eligibility conditions)
  • Certificate under Section 395: Rate specified in lower tax withholding certificate
  • Insurance Companies: NIL TDS (with required documentation)
  • Alternative Investment Funds (AIF): NIL TDS (with required documentation)
  • New Pension System Trust: NIL TDS (with required documentation)
  • Entities exempt under Section 11: NIL TDS (with required documentation)
  • Recognized Provident funds/Approved Superannuation fund/Approved Gratuity Fund: NIL TDS (with required documentation)
  • Corporation established by Central/State Act: NIL TDS (with required documentation)

*No TDS if total dividend to be paid in FY 2026-27 does not exceed ₹10,000 for resident individual shareholders.

Non-Resident Shareholders

  • Any non-resident shareholder, FII, FPI: 20% (plus applicable surcharge & cess) or Double Taxation Avoidance Agreement rate whichever is lower
  • Submitting Order under Section 395: Rate provided in the Order
  • Tax residents of Notified Jurisdictional Area: 30% plus surcharge and education cess
  • Sovereign Wealth Funds and Pension funds notified by Central Government: NIL TDS (with required documentation)
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL TDS (with required documentation)

Documentation Submission

Shareholders must provide required documents by email to the Registrar and Share Transfer Agent at admin@skylinerta.com. Documents received by post or from registered email ID only will be accepted. For joint shareholders, the first named shareholder must furnish requisite documents.

General Provisions

  • Dividend payments will be made in electronic mode only as per SEBI Notification No. SEBI/LADNRO/GN/2025/273 dated November 18, 2025
  • TDS credit can be viewed in Form 168 from the e-filing portal
  • Shareholders can claim refund through income tax return if tax deducted at higher rate
  • Shareholders are responsible for any income tax demands arising from misrepresentation
  • This communication is not tax advice; shareholders should consult tax professionals
  • Shareholders must update PAN, bank account details, signature, mobile number, email ID, address, residential status, category, and nomination details with their DPs (demat) or RTA (physical)

Annexures Available

  • Form 121 (Annexure-1)
  • Declaration regarding Category and BO (Annexure-2)
  • Declaration under Rule 203 (Annexure-3)
  • Declaration under Rule 217 (Annexure-4)
  • Declaration regarding TRC (Annexure-5)