Dividend Declaration Details

  • Board of Directors recommended a dividend of ₹0.05 per equity share (5% of face value ₹1) for FY2025-26 at meeting held on April 23, 2026
  • Dividend payment is subject to approval at the 44th Annual General Meeting
  • Record date fixed for determining entitlement: Tuesday, July 14, 2026

TDS Implementation Framework

As per Income Tax Act, 2025, the company is required to deduct tax at source on dividend payments. TDS rates vary depending on:

  • Residential status of shareholder
  • Documentation submitted and accepted by the company
  • Validity of PAN and Aadhaar linkage status

Key Dates and Deadlines

  • All tax-related documents must be submitted by July 14, 2026, 5:00 PM IST
  • Documents accepted via email: secretarial@kcfl.in or cs@lcfl.in
  • Physical submissions accepted at company's Indore office address

TDS Rates for Resident Shareholders

Table 1: Resident Shareholder Categories

  • Resident individuals submitting Form No. 12I: NIL TDS
  • Order under Section 395: Rate provided in the order
  • Insurance Companies: NIL TDS (with documentary evidence)
  • Corporations exempt from income-tax: NIL TDS (with documentary evidence)
  • Mutual Funds: NIL TDS (with documentary evidence)
  • Business Trust: NIL TDS (with documentary evidence)
  • Alternative Investment Fund: NIL TDS (with documentary evidence)
  • Recognized Provident funds/Approved Superannuation fund/Approved Gratuity Fund: NIL TDS (with documentary evidence)
  • New Pension System Trust: NIL TDS (with documentary evidence)
  • Other Resident shareholders without PAN/invalid PAN/inoperative PAN: 20% TDS

TDS Rates for Non-Resident Shareholders

Table 2: Non-Resident Shareholder Categories

  • Any Non-resident shareholder, FII, FPI: 20% or Tax Treaty rate whichever is lower (plus surcharge and cess)
  • Non-Resident Shareholders tax residents of Notified Jurisdictional Area: 30% TDS
  • Sovereign Wealth Funds and Pension funds notified by Central Government: NIL TDS (with documentation)
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL TDS (with self-declaration)

Critical Compliance Requirements

  • Valid PAN mandatory for all shareholders - absence leads to 20% TDS deduction under Section 397(2)
  • PAN must be linked with Aadhaar as per Section 262 - inoperative PANs attract higher TDS rates
  • Shareholders with multiple accounts under single PAN: higher applicable tax rate will be applied to entire holding
  • Physical shareholders must comply with SEBI circular dated November 03, 2021 (and amendments) regarding updated KYC details

Document Submission Procedures

For Resident Individual Shareholders

  • Form No. 12I can be submitted electronically through Depository Participants (NSDL/CDSL)
  • Alternatively, physical submission to company's RTA: Ankit Consultancy Private Limited

For Non-Resident Shareholders

  • Required documents: Tax Residency Certificate (valid for TY 2026-27 or calendar year 2026)
  • Form No. 41 executed electronically from Income tax portal
  • Self-declaration confirming no Permanent Establishment in India and eligibility for Tax Treaty benefits

Additional Provisions

  • Shareholders can claim refund through income tax return filing if higher TDS deducted
  • TDS credit will be visible in Form 26AS available on e-filing portal
  • Company relies on depository/RTA records for TDS deduction - no revision requests entertained

Annexures Provided

  • Annexure 1: Form No. 12I (Declaration for receipt of dividend without deduction of Tax)
  • Annexure 2: Self declaration for Resident shareholder
  • Annexure 3: Self declaration regarding credit for tax deducted at source
  • Annexure 4: Form No. 41
  • Annexure 5: Declaration that income is assessable in hands of other person

All documents are available on company website: https://kcfl.co.in/