Dividend Details

The Board of Directors recommended a final dividend of ₹140 per equity share (face value ₹5 each) for FY ended 31st March 2026 in their meeting held on 28th April 2026. The dividend is subject to declaration at the ensuing Annual General Meeting.

Record Date

The dividend will be paid to members whose names appear in the register of members/beneficial owners as at the close of business hours on Friday, 7th August 2026.

TDS Provisions

In accordance with Income Tax Act, 2025, dividend is taxable in the hands of members and the company is required to deduct TDS at applicable rates.

Resident Member TDS Rates

  • No TDS if total dividend does not exceed ₹10,000 for resident individual members (subject to PAN availability)
  • 10% TDS for residents with valid PAN and no exemption sought
  • 20% TDS for residents with no PAN/invalid PAN/inoperative PAN
  • Lower rates possible with certificate under Section 395(1) of IT Act

Exemptions for Resident Members

Multiple exemption categories including:

  • Individuals furnishing Form 12G
  • Members with NIL withholding tax certificate under Section 395(1)
  • Entities covered under Section 393(4) [Table: Sl No. 10] (e.g., LIC, GIC)
  • Category I and II Alternative Investment Funds (AIF)
  • Persons covered under Section 393(5) (e.g., Mutual Funds, RBI, Government)
  • Other exempt entities per IT Act including those mentioned in Circular No. 18/2017

Non-Resident Member TDS Rates

  • Default rate: 20% plus applicable surcharge and cess
  • Option to avail Tax Treaty benefits if more beneficial
  • Specific rates for various categories:
  • Alternative Investment Fund - Category III or Retail Scheme/Exchange Traded Fund: 10% plus surcharge and cess
  • Residents of Notified Jurisdictional Area: 30%
  • Sovereign Wealth funds and Pension funds notified by Central Government: NIL
  • Foreign Portfolio Investors (FPIs) - Category I: 10% plus surcharge and cess (with valid PAN)
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL

Documentation Requirements

All members must submit required documents through RTA website https://ris.kfintech.com/form15 on or before Friday, 7th August 2026. Various self-declaration forms (SD1 through SD7) are required depending on member category.

Key Deadlines

All communications and documents must be submitted by 7th August 2026. No communications will be entertained after this date.

Payment Method

Pursuant to SEBI LODR regulations and Master Circular for Registrars, dividend will be paid only through electronic modes permitted by RBI. Dividend will be withheld where bank details are inadequate or not registered for electronic remittance.

Data Update Requirements

Members must update PAN, email address, mobile number, and bank account details with their Depository Participants (for demat holdings) or with RTA (for physical holdings).

Liability and Indemnification

Members are responsible for any income tax demands arising from misrepresentation, inaccuracy, or omission of information provided and must indemnify the Company.

Additional Provisions

  • Section 397(2) of IT Act applies to individual members (resident and non-resident)
  • Company will rely on Income Tax Department's Compliance Check Functionality for PAN status
  • Members holding shares under multiple accounts with different residential status: higher tax rate will apply to entire holding
  • Declaration required under Rule 203(2) of Income Tax Rules, 2026 if dividend income assessable by person other than member

Disclaimer

The communication is not exhaustive and members should consult their tax advisors. All queries should be addressed to the Company's RTA, KFin Technologies Limited.