Dividend Details

The Board of Directors at its meeting held on May 23, 2026, approved and recommended a Final Dividend of ₹25 per equity share of face value ₹10 each fully paid up for FY 2025-26. This declaration is subject to shareholder approval at the 53rd Annual General Meeting scheduled for Monday, August 17, 2026.

Key Dates

  • Record Date: Monday, August 10, 2026 (for determining shareholder eligibility)
  • Dividend Payment Date: On or before September 16, 2026 (within 30 days from declaration)
  • Document Submission Deadline: August 16, 2026

TDS Provisions

Under Section 393(1) [Table: SI. No. 7] of the Income-tax Act, 2025:

  • Dividend is taxable in the hands of shareholders
  • Company is required to deduct TDS at the time of payment
  • For Resident Shareholders: TDS @ 10% unless exempted
  • For Non-Resident Shareholders: TDS @ 20% (plus applicable surcharge and cess)

PAN Requirements

  • Linking of PAN and Aadhaar is mandatory
  • If PAN is invalid/not submitted/linked with Aadhaar: TDS @ 20% as per Section 397(2)
  • Higher rate of 20% applies if recipient fails to furnish PAN or where PAN provided is invalid/inoperative

Exemption Threshold

No TDS applicable for Resident Individual Shareholders if total dividend paid during FY 2026-27 does not exceed ₹10,000 (including future dividends).

Documentation Requirements

Shareholders must submit requisite tax exemption documents/declarations by August 16, 2026, including:

  • Form 121 (earlier Form 15G/Form 15H) for residents below taxable limit
  • Valid PAN card copies
  • For non-residents: PAN card, Tax Residency Certificate, Form-41, and self-declaration for DTAA benefits

Physical Shareholders Requirements

As per SEBI Master Circular HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 06, 2026:

  • Must furnish PAN, Contact Details, Bank Account Details, and Specimen Signature
  • Dividend payment only through electronic mode effective April 1, 2024
  • No physical warrant issuance

Company TAN Details

TAN No. MRTMO04414E for shareholders applying for lower/NIL deduction certificate under Section 395.

Additional Provisions

  • Shareholders with multiple accounts under different status/categories: Higher tax rate applicable across entire holdings
  • Rule 203 declaration required for custodians (not beneficial owners) by August 16, 2026
  • TDS certificates will be emailed after payment and TDS return filing
  • Form-168 (earlier Form 26AS) available for tax credit verification

Registrar and Transfer Agent

M/s. Alankit Assignments Limited, 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi - 110055, Telephone: 011-42541100

Disclaimer

This communication should not be treated as tax advice from the Company.