Date: 9th July, 2026

Dividend Declaration

  • The Board of Directors recommended a dividend of Re. 0.90 per Equity Share of Rs. 2/- each for Financial Year 2025-26 at its meeting held on 8th May, 2026.
  • The dividend payment is subject to shareholder approval at the ensuing 20th Annual General Meeting.
  • Record Date for dividend eligibility: Thursday, 18th June, 2026.
  • Dividend will be paid within statutory timelines to shareholders whose names appeared in the List of Beneficial Owners as of the Record Date.

TDS Procedures and Requirements

For Resident Shareholders:

  • No TDS if aggregate dividend during tax year does not exceed Rs. 10,000/- for resident individual shareholders (per Section 393(1)(4)).
  • 10% TDS rate for resident individual shareholders with valid PAN.
  • Higher of prescribed TDS rates or 20% if PAN is not available or invalid.
  • PAN-Aadhar linking mandatory since 1st July 2023; non-linked PAN considered inoperative triggering 20% TDS.
  • Specific documentation required for:
  • Insurance companies: Self-declaration as 'Insurer' per Insurance Act 1938, PAN copy, IRDA registration
  • Mutual Funds: SEBI registration declaration, PAN copy, SEBI registration certificate
  • Alternative Investment Funds: Declaration of exempt income status, Category I/II AIF registration documents
  • Other non-individual shareholders: PAN copy and documentary evidence for TDS exemption under Section 393(1)

For Non-Resident Shareholders:

  • TDS deducted at 20% plus applicable surcharge and Health and Education Cess.
  • DTAA benefits available if more beneficial, requiring submission of:
  • Self-attested PAN copy (if allotted)
  • Self-attested Tax Residency Certificate (TRC)
  • Duly certified Form 41 filed on Indian Income Tax Portal
  • Self-declaration of continued tax residency, DTAA eligibility, beneficial ownership status, and no permanent establishment in India
  • Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI) subject to 20% TDS regardless of DTAA benefits.

General Requirements:

  • Last date for TDS declaration submission: Saturday, 18th July, 2026, 5:00 pm IST
  • Documents must be uploaded exclusively at: https://ris.kfintech.com/clientservices/investors/taxformsupload.aspx
  • No communications accepted after the deadline
  • Shareholders with multiple accounts under single PAN will be taxed at the highest applicable rate

Payment Method Update

  • Dividend payments will be made exclusively through electronic modes (NEFT, RTGS, NECS or other RBI-approved facilities) per SEBI regulations effective 19th November 2025.
  • Physical dividend warrants/cheques have been discontinued.
  • Shareholders must ensure bank account details are updated and verified with their Depository Participant.