Date: September 05, 2026

Dividend Declaration

  • Final dividend of ₹0.25 (25%) per equity share of face value ₹1 each recommended for FY ended March 31, 2026
  • Dividend subject to approval at 24th Annual General Meeting
  • Payment date: On or before October 28, 2026
  • Record date: September 18, 2026

Tax Deduction at Source Procedures

Resident Shareholders

  • TDS rates: 10% with PAN, 20% without PAN/invalid PAN for individuals/HUF/companies/AOP/BOI/trusts when aggregate dividend exceeds ₹10,000
  • Tax exemption available for resident individuals submitting Form 121 declaration with PAN card
  • Specific exemptions for:
  • Insurance companies (NIL TDS) with company-prescribed declaration
  • Mutual Funds (NIL TDS) with declaration and SEBI registration certificate
  • Alternative Investment Funds (NIL TDS) with declaration and SEBI registration certificate
  • New Pension System Trust (NIL TDS) with declaration, PAN card, and PFRDA registration
  • Corporations established under Central Act (NIL TDS) with appropriate documentary evidence

Non-Resident Shareholders

  • Foreign Institutional Investors/Foreign Portfolio Investors: 20% TDS plus applicable surcharge and cess
  • Other non-resident shareholders: 20% TDS plus applicable surcharge and cess
  • Lower treaty rates available with valid Tax Residency Certificate and Form 41 submission
  • Required documentation includes self-declaration covering tax residency status, beneficial ownership, and absence of Permanent Establishment in India

Additional Provisions

  • Lower withholding tax certificates under Section 395 of Income Tax Act accepted if valid for April 1, 2026 to March 31, 2027
  • Eligible IFSC (Gift City) units exempt from TDS with submission of Form 1
  • Shareholders with multiple accounts under single PAN subject to TDS at highest applicable rate
  • Custodian shareholders may transfer TDS credit to beneficial owners using Rule 203 declaration

Submission Requirements

  • All declarations and forms must be submitted by September 27, 2026
  • Documents to be uploaded at: https://ris.kfintech.com/clientservices/investors/taxforms.aspx
  • Shareholders must update bank account details with depository participants or RTA
  • Physical dividend payments restricted per SEBI LODR Regulation 12 amendment effective November 19, 2025
  • TDS credits visible in Form 26AS available from income tax e-filing portal

Service Providers

  • Registrar and Share Transfer Agent: KFin Technologies Limited
  • Depositories: NSDL and CDSL