Dividend Declaration Details

The Board of Directors at its meeting held on May 08, 2026, recommended a final dividend at the rate of 6% i.e. Re. 0.30 (Thirty Paisa only) per equity share having a face value of ₹5 each for FY 2025-26. The dividend will be paid to shareholders whose names appear in the Register of Members or in depository records as beneficial owners as on the record date of September 23, 2026. The dividend payment is subject to approval by shareholders at the ensuing Annual General Meeting.

TDS Framework

Pursuant to the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to withhold tax at source at prescribed rates along with applicable surcharge and cess.

Resident Shareholders TDS Provisions

  • Tax deducted at 10% under Section 393(1) read with 393(4) for shareholders with valid PAN
  • Tax deducted at 20% under Section 397(2) for shareholders without PAN/invalid PAN/PAN not linked with Aadhaar
  • No TDS for resident individuals if total dividend during Tax Year 2026-27 does not exceed ₹10,000
  • No TDS if shareholder provides Form 121 (for dividend exceeding ₹10,000, requiring shareholding exceeding 33,333 shares)
  • No TDS for specific resident non-individual entities (Insurance Companies, Mutual Funds, AIFs, Business Trusts) upon submission of prescribed declarations and documents
  • Lower/NIL withholding possible with certificate under Section 395(1) of the Act

Non-Resident Shareholders TDS Provisions

  • 20% withholding tax plus applicable surcharge and cess under Section 393(2) as per domestic tax law
  • Option to avail DTAA benefits requires submission of: PAN card, Tax Residency Certificate for 2026-27, Form 41 for TY 2026-27, and non-resident tax declaration
  • Additional requirements for FIIs/FPIs (SEBI registration certificate) and Singapore residents (evidence demonstrating non-applicability of Article 24)
  • GDR holders: 10% TDS with PAN, 20% without PAN

Submission Requirements and Deadline

All tax declaration documents must be submitted on or before Tuesday, September 22, 2026. Documents can be submitted physically 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, or via email to compliance@kpgroup.co and tds@bigshareonline.com.

Additional Provisions

  • TDS at higher rate (20%) for non-linkage of PAN with Aadhaar as per Section 262
  • Declaration under Rule 203 required if dividend income assessable in hands of person other than deductee
  • Higher applicable tax rate considered for shareholders holding shares under multiple accounts with single PAN

Dividend Payment Method

As per SEBI Notification dated November 18, 2025, and Master Circular dated February 06, 2026, dividends will be paid only through electronic mode. Dividends will be withheld where bank details are inadequate or not registered for electronic remittance. Physical shareholders must register PAN and KYC details, while demat shareholders must update bank details with their Depository Participants.

Tax Credit and Refunds

Tax credit can be viewed in Form 168 through TRACES (https://www.tdscpc.gov.in) or Income Tax e-filing portal. Shareholders may file income tax returns to claim refunds if higher TDS was deducted.

Disclaimer

The communication explicitly states it shall not be treated as tax advice, and shareholders should obtain independent tax advice from professionals.