Dividend Declaration Details

  • Dividend Amount: ₹7.00 (70%) per equity share of face value ₹10 each
  • Board Meeting Date: April 30, 2026
  • Record Date: Tuesday, September 22, 2026
  • Payment Date: After September 29, 2026 (subject to AGM approval)
  • AGM Date: Tuesday, September 29, 2026
  • Register Closure: September 23, 2026 to September 29, 2026 (both days inclusive)

TDS Provisions and Rates

For Resident Shareholders

  • 10% TDS: For shareholders with valid PAN registered with the company/depositories
  • 20% TDS: For shareholders without PAN, invalid PAN, or PAN not linked with Aadhaar
  • Exemption Threshold: No TDS if total dividend received during TY 2026-27 does not exceed ₹10,000

Exempt Categories (0% TDS)

  • Mutual Funds (with SEBI registration proof)
  • Alternative Investment Fund Category I & II (with SEBI registration)
  • New Pension System Trust
  • Recognized Provident Fund
  • Approved Superannuation Fund
  • Approved Gratuity Fund
  • Government/RBI/Corporations established by Central Act

For Non-Resident Shareholders

  • 20% TDS: For FII/FPIs and other non-resident shareholders
  • 30% TDS: For shareholders from Notified Jurisdictional Areas
  • 10% TDS: For Category III AIF located in IFSC with non-resident units
  • 0% TDS: For Sovereign Wealth Funds, Pension Funds notified by Central Government

Documentation Requirements

Deadline for Submission: September 22, 2026

Required Details for All Shareholders:

  • Valid Permanent Account Number (PAN)
  • Residential status (Resident/Non-Resident for TY 2026-27)
  • Shareholder category classification
  • Email address
  • Residential address

Documents for Tax Treaty Benefits (Non-Residents):

  • Self-attested PAN copy
  • Tax Residency Certificate for TY 2026-27
  • Electronically filed Form 41 (formerly Form 10F)
  • Declaration under Rule 217 (for non-PAN holders)
  • Self-declaration of treaty eligibility and beneficial ownership
  • Self-declaration of no Permanent Establishment in India
  • SEBI registration certificate (for FII/FPI)
  • Singapore-specific documentation for Article 24 limitation

Submission Portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html

Additional Provisions

  • PAN-Aadhaar Linking: TDS at 20% if PAN not linked with Aadhaar as per Section 262
  • Multiple Accounts: Higher tax rate applicable across all accounts under single PAN
  • NSDL Tax Service: Available for institutional members through registered custodians
  • Bank Account Details: Mandatory electronic payment for physical shareholders as per SEBI Master Circular HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026

Important Notes

  • All tax rates subject to surcharge and cess where applicable
  • No revision of TDS returns after filing
  • Shareholders responsible for any income tax demands arising from misrepresentation
  • Incomplete/unsigned documents will not be considered
  • Company not obligated to apply DTAA beneficial rates