Key Quantitative Figures and Dates

  • Dividend Recommended: Re. 1 per equity share of face value Rs. 10 each (10%) for the financial year ended March 31, 2026.
  • Board Meeting Date: May 8, 2026 (where dividend was recommended).
  • Annual General Meeting (AGM) Date: Thursday, June 25, 2026 (for shareholder approval).
  • Record Date: Thursday, June 18, 2026 (for determining shareholder eligibility).
  • TDS Submission Deadline: June 18, 2026, 05:00 PM (IST) for all required documents.
  • TDS Threshold for Resident Individuals: Aggregate dividend exceeding Rs. 10,000 during tax year 2026-27.

TDS Procedures and Rates

1. Resident Shareholders – Individuals

  • TDS rate is 10% if a valid PAN is registered.
  • TDS rate is 20% under Section 397(2) if PAN is inoperative, invalid, not linked with Aadhaar, or not provided.
  • Exemption from TDS can be availed by submitting Form 121 (Declaration for receipt of dividend without deduction of Tax) electronically via NSDL or CDSL portals or directly to the company/RTA.

2. Resident Shareholders – Other than Individuals

Specific categories and their required documents for nil or lower TDS:

  • Insurance Company: Must submit a declaration per Annexure-2; TDS rate Nil.
  • Mutual Fund: Must submit a declaration per Annexure-3; TDS rate Nil.
  • Alternative Investment Fund (AIF): Category I/II AIFs registered with SEBI must submit a declaration per Annexure-4; TDS rate Nil.
  • New Pension System (NPS) Trust: Must submit a self-declaration and PAN card copy; TDS rate as applicable.
  • Other Entities (Company/Firm/HUF/AOP/Trust): Must submit a lower withholding tax certificate for FY 2026-27 or documentary evidence for tax exemption status per Annexure-5/6.

3. Non-Resident Shareholders

  • Standard withholding tax rate is 20% (plus applicable surcharge and cess).
  • Lower/Nil rates possible via a certificate under Section 393/395 or by availing Double Tax Avoidance Agreement (DTAA) benefits.
  • To claim DTAA benefits, shareholders must submit:
  • Tax Residency Certificate (TRC) for 2026-27.
  • Form 41 (for claiming Tax Treaty Relief).
  • Copy of PAN card (if available).
  • Information under Rule 217(2) if no PAN (Annexure-7).
  • Self-declaration of beneficial ownership (Annexure-8).
  • Self-declaration of no permanent establishment in India (Annexure-9).
  • SEBI registration certificate (for FIIs/FPIs).
  • Additional evidence for Singapore tax residents regarding Article 24 of India-Singapore DTAA.

General Notes and Mandatory Requirements

  • Valid PAN is mandatory for all folios/DP IDs. Absence leads to 20% TDS.
  • For shareholders with multiple accounts under a single PAN, the highest applicable tax rate based on their status across all accounts will be applied to the entire holding.
  • Provisions exist for transferring TDS credit to the beneficial owner if the dividend is received by one person but assessable by another (Rule 203). A declaration per Annexure-4 format is required.

Submission Process

  • All required tax documents must be emailed to investors.relation@monikaalcobev.com or uploaded on the RTA MUFG Intime India Private Limited service request portal under the 'Tax Exemption' tab by the deadline.
  • Documents sent to other email IDs will be considered not submitted.

Dividend Payment Mode and Shareholder Updates

  • As mandated by SEBI circulars (ref: SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37, SEBI/HO/MIRSD/POD-1/P/CIR/2023/70, and SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026), dividend will be paid only through electronic mode.
  • Shareholders must ensure their PAN, KYC details, contact details, bank account details, and specimen signatures are updated with the Company/RTA (for physical shares) or with their Depository Participant (for demat shares) to receive the dividend.
  • Nomination details should also be furnished/updated.

Parties Involved

  • RTA (Registrar and Transfer Agent): MUFG Intime India Private Limited
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Regulator References: Income Tax Act, 2025; SEBI

Annexures Provided

The communication includes multiple annexures for declarations:

  • Annexure-1: FORM 121
  • Annexure-2: Declaration for Insurer
  • Annexure-3: Declaration for Mutual Fund
  • Annexure-4: Declaration for AIF
  • Annexure-5: Declaration for exemption under Circular 18/2017
  • Annexure-6: Declaration by Joint Shareholders
  • Annexure-7: Information under Rule 217(2)
  • Annexure-8: Self-declaration of Beneficial ownership
  • Annexure-9: Self-declaration of no permanent establishment in India

Disclaimer

The company includes a disclaimer stating that the communication is not tax advice and shareholders should consult their own tax consultants for specific implications.