Key Quantitative Figures

  • Final dividend recommended: ₹5.50 per equity share (Face Value: Re. 1/- each)
  • Record Date: Friday, August 07, 2026
  • Dividend payment deadline: Within 30 days of shareholder approval at AGM
  • TDS threshold exemption for resident individuals: ₹10,000 aggregate dividend during Tax Year 2026-27
  • Standard TDS rate for residents: 10%
  • Higher TDS rate for residents without valid PAN: 20%
  • Standard TDS rate for non-residents: 20% plus applicable surcharge and cess

Dates of Action

  • Board meeting date: May 15, 2026 (dividend recommendation)
  • Record Date: August 07, 2026
  • AGM date: August 14, 2026 (shareholder approval required)
  • Document submission deadline: August 13, 2026
  • Tax Year 2026-27: April 1, 2026 to March 31, 2027

Parties Involved

  • Registrar and Transfer Agent: KFin Technologies Limited (KFin)
  • Depositories: National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL)
  • Regulatory reference: SEBI directives on electronic payments
  • Tax authority: Income Tax Department (Company TAN: HYDN00160G)

TDS Provisions and Requirements

Resident Shareholders

  • Standard 10% TDS under Section 393(1) with valid operative PAN
  • Higher 20% TDS under Section 397(2) if PAN missing, invalid, or inoperative
  • Nil TDS exemptions available under:
  • Section 393(4) Item 10(f): Aggregate dividend not exceeding ₹10,000 during Tax Year 2026-27
  • Form 121 submission for individuals expecting taxable income below basic exemption threshold
  • Lower withholding certificate under Section 395
  • Institutional investors (Insurance, Mutual Funds, AIFs, NPS) with proper documentation

Non-Resident Shareholders

  • Standard 20% TDS plus applicable surcharge and cess under Section 393(2)
  • Option for lower DTAA rates under Section 159 by submitting:
  • Indian PAN or tax residency declaration
  • Tax Residency Certificate (TRC) for Tax Year 2026-27
  • E-filed Form 41 equivalent
  • Beneficial ownership declaration
  • Singapore residents require additional documentation regarding Article 24

Beneficial Ownership Declaration

Rule 203 requires declaration where dividend income is assessable by someone other than registered shareholder

Submission Procedures

All declarations and documents must be uploaded to KFin at:

  • https://ris.kfintech.com/form15/ or
  • https://ris.kfintech.com/clientservices/isc/

Physical shareholders must provide self-attested PAN copy and cancelled cheque/bank passbook copy

SEBI Mandate

Dividend payments to physical security holders will be processed exclusively through electronic mode. Payments require valid PAN, bank details, contact details, nomination, and specimen signatures registered with KFin.

Financial Impact

The dividend payment represents a cash outflow to shareholders, subject to TDS deductions as specified. The exact financial impact depends on final shareholder approvals and individual TDS circumstances.