Date: June 22, 2026

Dividend Declaration

  • The Board of Directors recommended a dividend of Rs. 3.50 (35% on face value) per equity share of Rs. 10 each for the Financial Year ended March 31, 2026.
  • The dividend was recommended at the Board Meeting held on April 28, 2026.
  • Dividend payment is subject to approval by members at the 27th Annual General Meeting scheduled for Thursday, July 23, 2026.
  • Dividend will be paid after July 23, 2026.

Record Date and Register Closure

  • Register of Members and Share Transfer Books will be closed from Saturday, July 4, 2026 to Thursday, July 23, 2026 (both days inclusive).
  • The Register of Members as of Friday, July 3, 2026 will be relied upon for determining dividend entitlement and complying with withholding tax provisions.

Tax Deduction at Source Procedures

For Resident Shareholders

  • TDS deducted at 10% under Section 393(1) Table SI. No. 7 of Income Tax Act, 2025 for shareholders with valid PAN.
  • TDS deducted at 20% under Section 397(2) for shareholders without PAN, invalid PAN, or PAN not linked with Aadhaar.
  • Resident individuals exempt from TDS if total dividend during Tax Year 2026-27 does not exceed Rs. 10,000/- (Section 393(4) Table SI. No.10).
  • Resident individuals can submit Form 121 for tax exemption if eligibility conditions are met.
  • Resident non-individuals (Insurance Companies, Mutual Funds, AIFs, NPS Trust, Provident Funds, etc.) must submit specific declarations and documentation for exemption.
  • Government (Central/State) shareholders exempt from TDS under Section 393.

For Non-Resident Shareholders

  • TDS withheld at 20% (plus applicable surcharge and cess) under Section 393(2) Table SI. No. 17 read with Section 207.
  • Different rates apply for GDRs and FII/FPIs as per Section 393(2) Table SI. No. 15.
  • Non-residents can avail DTAA benefits by submitting: PAN copy, Tax Residency Certificate, electronically filed Form 41, treaty eligibility declaration, and PE declaration.
  • Tax residents of Notified Jurisdictional Areas subject to 30% TDS.
  • Sovereign Wealth Funds, Pension Funds must submit specific declarations under Schedule V(7).

Documentation Requirements

  • All tax exemption documents must be submitted by Friday, June 26, 2026.
  • Shareholders must ensure PAN, residential status, category, email id, and address details are updated in demat accounts.
  • NSDL's TAX Service available for institutional members to submit documents through custodians.
  • Declaration under Rule 203 required if dividend income assessable in hands of person other than registered shareholder.

Additional Provisions

  • PAN-Aadhaar linking mandatory under Section 262; non-linked PAN considered invalid with 20% TDS.
  • Shareholders with multiple accounts under different status/category: higher tax rate applicable to entire holding.
  • TDS certificates will be emailed to registered email IDs post dividend payment.
  • Shareholders indemnify company against any income tax demands arising from misrepresentation.