Dividend Recommendation

The Board of Directors at its meeting held on May 14, 2026 recommended a dividend of Rs. 7.10 (Seven rupees and ten paise only) (710%) per fully paid-up equity share of face value Re.1 each for FY 2025-26.

The dividend payment is subject to approval at the ensuing 32nd Annual General Meeting. If approved, the dividend will be paid within 30 days from declaration to equity shareholders as on the record date.

Record Date

The record date for determining entitlement to dividend is Tuesday, July 7, 2026.

Mandatory Information Requirements

All shareholders must update the following details with their Depository Participant (dematerialized shares) or Registrar and Transfer Agent (physical shares) by July 7, 2026:

  • Residential status for FY 2026-27 (Resident or Non-Resident)
  • Valid Permanent Account Number (PAN)
  • Aadhaar number (for individual shareholders)
  • Category of shareholder from specified list
  • Email address
  • Contact address
  • Contact number
  • Bank account details

TDS Provisions for Resident Shareholders

  • TDS @ 10% under Section 393(1) [Table: S. No. 7] of Income Tax Act, 2025
  • No TDS for individuals if aggregate dividend during FY 2026-27 does not exceed Rs. 10,000
  • No TDS if shareholder provides duly signed Form No. 121 (formerly Form 15G/15H) meeting eligibility conditions
  • TDS @ 20% if valid PAN not provided or PAN not linked with Aadhaar

Special Categories for Lower/Nil TDS (Resident)

Specific declarations and documentation required for:

  • Insurance companies (Section 393(4) [Table: S.No.10])
  • Mutual Funds (Schedule VII [Table: Sl. No. 20 or 21] to section 11)
  • Alternative Investment Funds (Category I or II established under SEBI AIF Regulations)
  • New Pension System Trust (Schedule VII (41) to Section 11)
  • Recognized provident fund/Approved superannuation fund/Approved gratuity fund (Schedule III [Table: S. No. 32])
  • Corporations established under Central Act with income tax exemption
  • Government, Reserve Bank, and certain corporations (No TDS as per Section 393(5))

TDS Provisions for Non-Resident Shareholders

  • TDS @ 20% plus applicable surcharge and cess under Section 393(2) [Table: S. No. 17]
  • Option to avail DTAA benefits if more beneficial
  • Required documents: PAN card (if allotted), Tax Residency Certificate valid for FY 2026-27, electronically filed Form 41, self-declaration of treaty eligibility
  • Additional requirements for FPIs/FIIs: SEBI registration certificate
  • Special provisions for Singapore tax residents regarding Article 24 - Limitation of Relief

Document Submission Deadline

All required documents must be uploaded with Registrar and Transfer Agent (KFin Technologies Limited) at https://ris.kfintech.com/form15 not later than July 13, 2026.

Additional Provisions

  • Shareholders with multiple accounts under single PAN: highest applicable tax rate will apply to entire holding
  • Rule 203 declaration required if dividend income assessable in hands of person other than deductee
  • TDS certificates will be emailed to registered email IDs post dividend payment
  • TDS amount will reflect in Form 168 (formerly Form 26AS) on Income Tax Portal

Payment Method

Dividend payment to physical shareholders will be made only through electronic mode after submission of PAN, contact details, bank account details, and specimen signature.

Indemnity Clause

Shareholders are responsible for indemnifying the Company against any income tax demands arising from misrepresentation, inaccuracy, or omission of information provided.

Disclaimer

The communication does not constitute legal or tax advice, and shareholders are advised to consult their own tax consultants.