Dividend Details

The Board of Directors recommended a Final Dividend of ₹10 per equity share of ₹5 each (200%) for FY 2025-26 at their meeting held on May 8, 2026. This dividend is subject to approval by shareholders at the 53rd Annual General Meeting (AGM).

Key Dates

  • 53rd Annual General Meeting: Thursday, August 27, 2026
  • Dividend Payout Date: Friday, September 4, 2026
  • Record Date: Friday, July 31, 2026
  • Last date to submit tax-related documents: Friday, July 31, 2026

Banking Details Update Mandatory

SEBI regulations mandate that all dividend payments must be made exclusively through electronic means. Shareholders must update their bank account details:

  • For demat holdings: Update with Depository Participant
  • For physical holdings: Update with MUFG Intime India Private Limited (Company's RTA) along with PAN, mobile number, email ID, bank details, specimen signature, and nomination

TDS Provisions for Resident Shareholders

  • Standard Rate: 10% TDS under Section 393(1) read with 393(4) of Income Tax Act, 2025 for shareholders with valid PAN
  • Higher Rate: 20% TDS under Section 397(2) for shareholders without PAN/invalid PAN/PAN not linked with Aadhaar
  • Exemptions: No TDS if:
  • Total dividend during Tax Year 2026-27 does not exceed ₹10,000
  • Shareholder provides Form 121 (all fields mandatory)
  • Exemption certificate issued by Income-tax Department

TDS for Resident Non-Individual Entities

No TDS applicable upon submission of required documents:

  • Insurance Companies: Self-declaration of qualifying as 'Insurer' under Insurance Act, 1938 + PAN + IRDA registration
  • Mutual Funds: Self-declaration of SEBI registration + PAN + SEBI registration certificate
  • AIFs: Self-declaration of SEBI registration + PAN + AIF registration certificate
  • NPS Trust: Self-declaration of qualifying as NPS trust + PAN
  • Other non-individuals: Documentary evidence supporting exemption + PAN

TDS for Non-Resident Shareholders

  • Domestic Law Rate: 20% (plus applicable surcharge and cess) under Section 393(2)
  • DTAA Benefit Option: Non-residents can opt for DTAA provisions if more beneficial by submitting:
  • PAN or details under Rule 217 (Annexure 3)
  • Tax Residency Certificate (TRC) for 2026-27/2026
  • Form 41 for TY 2026-27
  • Treaty eligibility and beneficial ownership declaration (Annexure 4)
  • SEBI registration certificate (for FIIs/FPIs)
  • Singapore residents: Evidence demonstrating non-applicability of Article 24 limitation

Other Provisions

  • Lower Withholding: Possible with certificate under Section 395 of the Act
  • Rule 203 Benefit: For intermediaries/stock-brokers holding shares for beneficial members, declaration required within 2 days from record date (Annexure 5)
  • Residential Status: Must be correctly updated with DP/RTA as TDS rates vary for resident/non-resident
  • PAN-linked Holdings: Highest applicable TDS rate will be applied to entire shareholding linked to a PAN if multiple accounts with different categories exist

Document Submission

All required forms and documents for TY 2026-27 must be submitted:

  • Platform: RTA's website at https://web.in.mpms.mufg.com/formsreg/submission or email to tdsforms@kalyanisteels.com
  • Deadline: Friday, July 31, 2026 (no extensions)
  • Consequence: Incomplete/unsigned/late submissions will not be considered

TDS Certificate and Refunds

  • Tax credit available in Form 168 on TRACES portal or Income Tax e-filing website
  • No claims against Company for higher TDS deductions - refunds must be claimed via Income Tax Return
  • Shareholders indemnify Company against any income tax demands arising from declaration inaccuracies

Registrar and Transfer Agent

MUFG Intime India Private Limited

202, 2nd Floor A Wing, Akshay Complex, Off. Dhole Patil Road, Near Ganesh Mandir, Pune 411 001

Company Contact

Kalyani Steels Limited

Corporate Building, 2nd Floor, Mundhwa, Pune – 411036, India