Dividend Declaration Details

  • The Board of Directors recommended a final dividend at the rate of 5% (Re. 0.25 per equity share) for FY 2025-26 at its meeting held on May 7, 2026.
  • Dividend will be paid to shareholders whose names appear in the Register of Members or depository records as of the record date: September 22, 2026.
  • Dividend payment is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).

TDS Procedures for Resident Shareholders

  • Tax deduction at 10% under Section 393(1) read with 393(4) of Income-Tax Act, 2025 for shareholders with valid PAN.
  • 20% TDS under Section 397(2) for shareholders without PAN/invalid PAN/PAN not linked with Aadhaar.

Resident Individual Exemptions

  • No TDS if total dividend during Tax Year 2026-27 does not exceed Rs. 10,000.
  • No TDS if shareholder provides Form 121 (required only if shareholding exceeds 40,000 shares).
  • Exemption certificate from Income-tax Department also accepted.

Resident Non-Individual Exemptions

No TDS for specific entities providing required documentation:

  • Insurance Companies: Self-declaration as 'Insurer' per Insurance Act, 1938, PAN copy, and IRDA/LIC/GIC registration.
  • Mutual Funds: SEBI registration declaration, PAN copy, and SEBI registration certificate.
  • Alternative Investment Funds (AIF): Declaration of exemption under Schedule V, SEBI registration as Category I/II AIF, PAN copy.
  • Business Trusts (ReIT/InVIT): Declaration of exemption under Schedule V, beneficial ownership declaration, PAN copy.
  • Other Non-Individuals: Documentary evidence supporting exemption with PAN copy.
  • Lower/NIL withholding possible with certificate under Section 395(1) of the Act.

TDS Procedures for Non-Resident Shareholders

Domestic Tax Law

  • 20% withholding tax plus applicable surcharge and cess under Section 393(2).
  • Lower/NIL withholding possible with certificate under Section 395(1).

DTAA Provisions

Non-residents can opt for DTAA benefits by providing:

  • Self-attested PAN copy
  • Valid Tax Residency Certificate (TRC) for 2026-27/calendar year 2026
  • Form 41 for Tax Year 2026-27 from Income Tax portal
  • Non-Resident Tax Declaration form for treaty eligibility and beneficial ownership
  • SEBI registration certificate for FIIs/FPIs
  • Additional documentation for Singapore tax residents regarding Article 24 limitation

GDR Holders

  • 10% TDS plus surcharge/cess if PAN provided
  • 20% TDS plus surcharge/cess if no PAN details available

Submission Requirements and Deadline

  • All tax-related documents must be submitted by Monday, September 21, 2026 (cut-off period).
  • Documents accepted at company's sole discretion after deadline.
  • Submission methods:
  • Physical copies to Bigshare Services Private Limited at Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093
  • Scanned copies to secretarial@kpgroup.co and tds@bigshareonline.com

Additional Provisions

  • PAN-Aadhaar linkage required under Section 262; non-linked PAN considered invalid with 20% TDS under Section 397(2).
  • Rule 203 declaration required if dividend income assessable in hands of person other than deductee.
  • Higher tax rate applied across all accounts for shareholders with multiple accounts under different status/category with single PAN.

Dividend Payment Method

  • Dividend payment will be made only through electronic mode as per SEBI Notification dated November 18, 2025 and Master Circular dated February 6, 2026.
  • Dividends will be withheld if bank details are inadequate or not registered for electronic remittance.
  • Physical shareholders must register PAN and KYC details with Company/RTA.
  • Demat shareholders must update bank details with their Depository Participants.

Tax Credit and Refunds

  • Tax credit can be viewed in Form 168 through TRACES portal or Income Tax e-filing website.
  • Shareholders can file income tax returns to claim refunds if higher TDS deducted.

Company Contacts

  • Registrar and Share Transfer Agent: Bigshare Services Private Limited
  • Company Registered Office: 'KP House', Near KP Circle, Opp. Ishwar Farm Junction BRTS, Canal Road, Bhatar, Surat 395017, Gujarat