Dividend Declaration

  • The Board of Directors declared a dividend of 120% (₹12 per equity share) on 30 May 2026.
  • This includes a special dividend component of 80% (₹8 per equity share).
  • The dividend is declared on 85,284,223 equity shares of ₹10 each.
  • The record date fixed for determining shareholder eligibility is Thursday, 6 August 2026.

Payment Method and Shareholder Action Required

  • Dividend will be paid via electronic credit to the registered bank accounts of shareholders whose names appear in the register of members as on the record date.
  • Shareholders are requested to ensure their bank account details, PAN, and other required information are updated with their Depository Participant (for demat holdings) or with the Company's Registrar and Transfer Agent, KFin Technologies Limited (for physical holdings), by 6 August 2026.
  • Mandatory details to be updated include Residential Status, Valid PAN, Aadhaar number (for individuals), Category of Shareholder, Email ID, and Address.

TDS Provisions and Required Documents

The company is obligated to deduct TDS on dividend as per the Income-Tax Act, 2025. The applicable rates and required documents for different shareholder categories are detailed below:

A. For Resident Shareholders

1. With Valid PAN
  • General Rate: 10% TDS under Section 393(1), unless exempt.
  • Condition: PAN must be linked with Aadhaar as per Section 262. Failure to link will render PAN invalid, resulting in a higher TDS rate of 20% under Section 397(2).
  • Individuals (Exemption): TDS is Nil if the aggregate dividend from the company during FY 2026-27 is ≤ ₹10,000. To claim exemption, submit Form 121 for FY 2026-27 or other prescribed documents.
  • Specific Entities (Nil TDS): Insurance Companies, Mutual Funds, and Category-I & II Alternative Investment Funds (AIFs) can submit specific documentary evidence (SEBI registration, declarations) to avail Nil TDS rates as per relevant sections of the Act.
  • Others (Lower Rate): Resident Companies, Firms, HUFs, AOPs, Trusts, etc., can submit a lower withholding tax certificate for FY 2026-27 from Income Tax authorities or documentary evidence of tax exemption status to avail applicable lower/Nil rates.
2. Without Valid PAN or Invalid PAN
  • Rate: A flat TDS rate of 20% will be applied.

B. For Non-Resident Shareholders (FPIs/FIIs, etc.)

  • General Rate: 20% TDS, plus applicable surcharge and cess.
  • DTAA Rate: Shareholders can opt for a lower rate under applicable Double Taxation Avoidance Agreements (DTAAs).
  • Required Documents: To claim DTAA benefits, shareholders must submit a copy of valid PAN (or details in Annexure 1 format if unavailable), a valid Tax Residency Certificate (TRC) for FY 2026-27, Form 41 (filed online), a self-declaration of no Permanent Establishment in India/beneficial ownership, and for FPIs/FIIs, a copy of the SEBI registration certificate. Specific additional documents are required for shareholders resident in Singapore.
  • Lower/Nil TDS Certificate: A lower/Nil withholding tax certificate obtained from Income Tax authorities under Section 393 of the Act can also be submitted.

Submission Deadline and Process

  • All required tax documents must be submitted on or before 6:00 PM (IST) on 27 July 2026.
  • Documents can be uploaded online at the portal of KFin Technologies Limited: https://ris.kfintech.com/form15.
  • Alternatively, physical documents can be sent to: KFin Technologies Limited, KFintech, Tower B, Plot 31-32, Selenium Building, Financial District, Gachibowli, Nanakramguda, Hyderabad - 500 032.
  • Documents received after the deadline will not be considered.
  • All submitted documents must be self-attested and certified as true copies of the original.

Important Notes and Disclaimers

  • The company will rely on shareholder details available in the Register of Members on the record date for TDS computation.
  • For shareholders with multiple accounts under a single PAN, the highest applicable tax rate among the account categories will be applied to the entire holding.
  • In case of a mismatch between the shareholder category in the register and the PAN's fourth letter, the PAN's fourth letter will be considered for applying the surcharge rate.
  • If dividend income is assessable in the hands of a person other than the registered shareholder, a declaration must be furnished to the company providing the details of the actual owner for TDS credit.
  • Shareholders can claim a refund of any excess TDS deducted by filing their Income-tax Return in India.
  • Shareholders are solely responsible for any income-tax demand arising from misrepresentation or omission of information provided and must indemnify the company.
  • TDS certificates will be emailed to shareholders with valid PANs, and the TDS credit will be reflected in their Form 168, available for download from the income tax e-filing portal.
  • The communication is a summary of tax provisions, and shareholders are advised to consult their own tax advisors.