Key Dates
- Board Meeting Date: Tuesday, April 28, 2026 (Dividend recommended)
- Communication Date: June 15, 2026
- Record Date: Not explicitly stated in the document.
- Document Submission Deadline: July 14, 2026, 17:00 Hours (IST)
- AGM: 6th Annual General Meeting (Date not specified, payment to be made after its conclusion)
Dividend Details
- The Board of Directors recommended a dividend of Re. 0.58 (Fifty-Eight Paise only) per equity share for the Financial Year ended March 31, 2026.
- The face value of each share is Re. 1.
- The dividend payment is subject to the approval of the shareholders at the forthcoming 6th Annual General Meeting (AGM).
TDS Framework and Financial Impact
Dividend income is taxable in the hands of shareholders for Tax Year 2026-27 (FY 2026-27). The Company will deduct TDS at applicable rates under the Income-tax Act, 2025.
For Resident Shareholders
- Valid PAN: TDS deducted at 10%. However, no TDS is deducted if the total dividend payable to a resident individual shareholder during the tax year does not exceed Rs. 10,000.
- No/Invalid PAN: TDS deducted at 20%.
- PAN not linked with Aadhaar (Inoperative PAN): TDS deducted at 20%.
- Submission of Form 12I: TDS deducted at Nil%. This new form replaces the erstwhile Forms 15G/15H.
- Lower/NIL Deduction Certificate (u/s 395): TDS deducted at the rate provided in the certificate.
- Specific Entities (e.g., LIC, GIC, AIFs): TDS deducted at Nil%, subject to submission of specific declarations and documentary evidence (Annexure B).
For Non-Resident Shareholders
- Standard Rate: TDS deducted at 20% (plus applicable surcharge and cess).
- Tax Treaty Benefit: Shareholders can apply for a beneficial tax rate by submitting documents including a PAN copy, Tax Residency Certificate (TRC), and a self-declaration (Annexure C).
- Notified Jurisdictional Area: TDS deducted at 30%.
- Category III AIF in IFSC: TDS deducted at 10% (plus applicable surcharge and cess).
- Category I FPIs: TDS deducted at 10% (plus applicable surcharge and cess) if a valid PAN is provided.
- Sovereign Wealth/Pension Funds (Notified u/s Schedule V): TDS deducted at Nil%.
- Subsidiary of ADIA: TDS deducted at Nil%.
- Lower/NIL Deduction Certificate (u/s 395): TDS deducted at the rate specified in the certificate.
Submission Process & Key Instructions
- All relevant documents must be uploaded as a single PDF file on the portal of the RTA, KFin Technologies Limited, at
https://ris.kfintech.com/form15/forms.aspx?q=0. - The absolute deadline for all communications and document submissions is July 14, 2026, 17:00 Hours (IST). Any communication received after this will not be considered.
- Physical documents can be sent to KFintech's Hyderabad address but must reach by the deadline.
- Documents must be self-attested, stating they are a "certified true copy of the original."
- In case of incomplete, ambiguous, or conflicting information, or if documents are not provided, tax will be deducted at the maximum applicable rate.
- If TDS credit is to be given to a person other than the registered shareholder, a declaration per Rule 203(2) of the Income-tax Rules, 2026 (Annexure I) must be submitted by the deadline.
Additional Notes and Provisions
- The company will determine the withholding tax rate based on shareholder details available with the Depository Participant (demat) or RTA (physical) as on the Record Date.
- For shareholders with multiple accounts under a single PAN but different categories, the highest applicable tax rate will be applied to the entire shareholding.
- The category of a shareholder will be determined by the fourth character of their PAN.
- Shareholders can claim a refund by filing their income tax return if tax is deducted at a higher rate.
- A soft copy of the TDS certificate will be provided, and the credit will be visible in Form 168 on the income tax e-filing portal.
- The shareholder is responsible for indemnifying the company against any tax demand arising from misrepresentation or omission in the provided information.