Key Quantitative Figures

The Board of Directors recommended a final dividend of ₹15 per equity share (150%) on shares of face value ₹10 each for FY 2025-26. The total dividend amount payable is not quantified in the disclosure.

Dates of Action

  • Board meeting date: Monday, May 25, 2026 (dividend recommendation)
  • Last date for TDS exemption form submission: Thursday, September 3, 2026 (until 5:00 PM IST)
  • Record date for final dividend: Thursday, September 3, 2026
  • Annual General Meeting date: Friday, September 18, 2026 at 12:00 noon IST (through VC/OAVM)
  • Dividend payment date: After Wednesday, September 23, 2026 (subject to shareholder approval)

Parties Involved

  • Nirlon Limited (Declaring company)
  • MUFG Intime India Pvt. Ltd. (Share Transfer Agent)
  • BSE Limited (Stock exchange)
  • Shareholders (Resident and Non-resident categories)

TDS Rates and Requirements

For Resident Shareholders:

  • Individuals with valid PAN: 10% TDS, exempt if total dividend ≤ ₹10,000 or Form 121 submitted
  • Individuals without PAN/invalid PAN: 20% TDS
  • Resident Non-Individuals (Insurance Companies, Mutual Funds, AIFs): Nil TDS with specific declarations

For Non-resident Shareholders:

  • Default rate: 20% plus applicable surcharge and cess
  • DTAA benefits available with submission of Tax Residence Certificate, Form 41, and declaration documents
  • GDR Holders: 10% TDS with PAN, 20% without PAN

Submission Procedures

Shareholders must upload TDS documents through the dedicated link: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html by September 3, 2026. Documents submitted after this date will be accepted at the sole discretion of the Company.

Financial Impact

The dividend payment of ₹15 per share will be made after deducting applicable TDS. The total financial impact of the dividend distribution is not quantified in the disclosure.

Additional Requirements

Shareholders must ensure their bank account details, PAN, contact information, and KYC are updated with their depository participants (for demat holdings) or with the RTA (for physical holdings). Dividend payments will be made only through electronic mode as mandated by SEBI.