Parag Milk Foods Limited has communicated with shareholders regarding tax deduction at source (TDS) procedures for the recommended final dividend for financial year 2025-26.

Key Quantitative Figures

The Board of Directors recommended a final dividend of ₹1.10 per equity share (11%) of face value ₹10 each for FY 2025-26.

Dates and Deadlines

  • Board meeting date: May 7, 2026
  • Communication date: June 11, 2026
  • Document submission deadline: July 31, 2026
  • Dividend payment timeline: Within 30 days from AGM approval if approved
  • Record date: To be intimated separately

Parties Involved

  • Registrar and Transfer Agent: KFin Technologies Limited
  • Regulatory addresses: BSE Limited and National Stock Exchange of India Ltd.

TDS Rates by Shareholder Category

Resident Shareholders:

  • Mutual Funds: Nil (with required documentation)
  • Government: Nil
  • Alternative Investment Funds (Category I & II): Nil (with required documentation)
  • Category III AIF IFSC: 10% + surcharge + 4% cess
  • National Pension System Trust: Nil
  • Insurance companies: Nil (with required documentation)
  • Resident Individuals: Nil if dividend ≤ ₹10,000 or Form 121 submitted
  • Eligible residents: Rate as per lower deduction certificate
  • Other residents: 10% with valid PAN, 20% without valid PAN

Non-Resident Shareholders:

  • General rate: 20% + surcharge + 4% cess
  • Category III AIF IFSC: 10% + surcharge + 4% cess
  • DTAA benefits available with proper documentation
  • Lower deduction certificate rates applicable

Documentation Requirements

Shareholders must ensure the following details are updated through their depository participant:

  • Residential status for Tax Year 2026-27
  • Valid PAN (Aadhar must be linked with PAN)
  • Category of shareholder
  • Email address
  • Residential address with postal code

Submission Process

All required documents must be submitted to KFin Technologies Limited by July 31, 2026, either:

  • Online via portal: https://ris.kfintech.com/form15
  • Physical address: Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad, Telengana - 500 032

Important Notes

  • Dividend will be processed in electronic mode only (no physical warrants/cheques)
  • PAN must be valid and Aadhar-linked to avoid 20% TDS rate
  • The company relies on register of members data as on record date
  • No communications on tax determination will be entertained after July 31, 2026
  • Shareholders must update bank details for electronic dividend payment
  • TDS certificates will be emailed to registered email addresses

Disclaimer

The communication is not tax advice and shareholders should consult tax professionals for their specific tax matters.