Dividend Details

The Board of Directors, in its meeting held on May 21, 2026, recommended a final dividend of ₹10 per equity share (face value ₹10) for FY 2025-26. This is subject to approval by members at the 5th Annual General Meeting (AGM) scheduled for Monday, July 27, 2026.

The final dividend will be paid within 30 days from the date of AGM approval, i.e., on or before August 25, 2026. The Record Date for determining eligibility is Thursday, June 25, 2026.

TDS Procedures and Rates

Pursuant to the Income Tax Act, 2025, the corporation is required to deduct tax at source on dividend payments. The applicable TDS rates vary based on the shareholder's residential status and entity classification.

For Resident Members
  • General Rate: TDS is deducted at 10% if a valid PAN is registered. If no valid PAN is provided, TDS is deducted at 20%.
  • Resident Individuals: No TDS if the total dividend for the tax year 2026-27 does not exceed ₹10,000, or if a valid Form 121 is submitted, or if an exemption certificate is provided from the Income Tax Department.
  • Other Resident Entities (Non-Individuals): Specific exemptions and required documents are detailed for:
  • Insurance Companies: Require a self-declaration qualifying as an 'Insurer' per the Insurance Act, 1938, a self-attested PAN copy, and IRDAI registration certificate.
  • Alternative Investment Funds (Category I & II): Require a self-declaration of exemption under the IT Act, a self-attested PAN copy, and SEBI registration certificate.
  • Mutual Funds: Require a self-declaration of SEBI registration and exemption under the IT Act, along with a self-attested PAN copy.
  • National Pension System (NPS) Trust: Require a self-declaration of qualification as an NPS Trust and exemption eligibility, along with a self-attested PAN copy.
  • Corporations established by Central Act: Require self-attested documentary evidence supporting exemption and a self-attested PAN copy.
For Non-Resident Members
  • General Rate: TDS is deducted at 20% (plus applicable surcharge and cess).
  • Lower/Nil TDS Certificate: If a certificate under Section 395(1) of the IT Act is provided, the specified rates will be applied.
  • DTAA Benefits: Non-resident members can opt for tax rates under a Double Tax Avoidance Agreement (DTAA) if more beneficial. To avail this, they must submit the following documents to the RTA, KFin Technologies Limited, on or before June 24, 2026:

(i) Self-attested PAN copy (or name, email, contact, foreign tax ID, and address if no PAN).

(ii) Self-attested Tax Residency Certificate (TRC) for FY 2026-27.

(iii) Self-declaration of having no Permanent Establishment in India.

(iv) Self-declaration confirming they are the ultimate economic recipient of the dividend.

(v) Electronically filled Form 41 from the Income Tax website.

TDS Credit for Beneficial Owners

Under Rule 203 of the Income Tax Rules, 2026, if the dividend income is assessable in the hands of a beneficial owner other than the registered shareholder, a formal signed Declaration under Rule 203 must be submitted to facilitate correct tax credit.

General Instructions and Deadlines

  • Dividend will be paid only through RBI-approved electronic modes; physical warrants are discontinued.
  • Members must ensure their PAN is linked with Aadhaar to avoid PAN being deemed invalid, which would trigger a 20% TDS rate.
  • For holdings under multiple accounts with a single PAN, the highest applicable TDS rate will be applied to the entire holding.
  • All documents for claiming lower tax rates or exemptions, including Lower Tax Certificates, must be submitted by 5:00 PM IST on June 24, 2026. The corporation's TAN is MUML13465E.
  • The corporation and RTA will verify all submissions for compliance. No revisions or refunds will be processed by the corporation after TDS deduction; members must claim refunds directly from the Income Tax Department.
  • Members must upload all required documents at: https://ris.kfintech.com/clientservices/investors/taxformsupload.aspx
  • TDS credit can be verified via Form 131 (TDS certificate) and Form 168 (Annual Information Statement) on the Income Tax Portal: https://www.incometax.gov.in/
  • The corporation holds no liability for taxes deducted based on member-provided information, and members are responsible for indemnifying the corporation against any demands arising from misrepresentation.

Disclaimer

The document includes a disclaimer stating that the information is for general purposes only and does not constitute legal or tax advice, advising investors to consult their own tax consultants.