Key Quantitative Figures
- Final dividend declared: ₹60 per equity share of face value ₹10 each
- TDS exemption threshold for resident individuals: Total dividend not exceeding ₹10,000 during FY 2026-27 (April 1, 2026 to March 31, 2027)
- Standard TDS rate for resident shareholders with valid PAN: 10%
- Standard TDS rate for non-resident shareholders (including FII/FPI): 20% plus applicable surcharge and cess
Parties Involved
- Registrar and Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Regulatory references: Income Tax Act, 2025; Finance Act, 2026; SEBI directives
- Shareholder categories: Resident shareholders, Non-resident shareholders (including FII/FPI), Specific entities (LIC, GIC, other insurers, Mutual Funds, Government, Alternative Investment Funds)
TDS Procedures for Resident Shareholders
- Nil TDS: Dividend ≤ ₹10,000 for individuals; Valid Form 121 submission; LIC/GIC/other insurers; Entities covered under Section 393 (Mutual Funds, Government); Category I and II Alternative Investment Funds (with SEBI registration)
- 10% TDS: When PAN is available
- Higher rate TDS: Invalid or inoperative PAN (20% or rate in force, whichever is higher)
- Documentation required: Form 121 (replacing earlier Form 15G/15H) requiring details of income tax returns filed for previous two tax years with acknowledgment number and returned income
TDS Procedures for Non-Resident Shareholders
- Standard rate: 20% plus applicable surcharge and cess
- DTAA benefit: Lower rate available upon submission of required documents:
- Self-attested copy of Indian PAN card (or substitute TIN if no PAN)
- Self-attested copy of Tax Residency Certificate from home country
- Form 41 filed electronically on Indian Income Tax Portal
- Self-declaration covering tax residency, DTAA eligibility, beneficial ownership, and no permanent establishment in India
- Lower/NIL withholding: Only with valid certificate under Section 395 from tax authority
General Instructions and Compliance Requirements
- Shareholders must update details with depositories (dematerialized shares) or RTA (physical shares) including tax residential status, PAN, email addresses, mobile numbers
- TDS certificate will be emailed to registered email IDs post completion of activities
- Credit of TDS will be visible in Form 168 downloadable from e-filing account
- Company will use Income Tax Department's compliance check utility to determine PAN validity
- Declaration under Rule 203 required if dividend income assessable in hands of person other than deductee (deadline: August 14, 2026)
- Shareholders must also update bank details per SEBI directives for electronic remittance
- Company disclaimer: This communication not treated as tax advice; shareholders should consult tax professionals
Financial Impact
Dividend payout amount will be determined based on the number of shareholders as on record date. TDS amounts will vary based on shareholder category and documentation provided.