Dividend Announcement

The Board of Directors, at its meeting held on May 01, 2026, recommended a final dividend of 30% i.e. ₹3.00 (Rupees Three Only) per equity share of face value ₹10/- each for FY 2025-26. This dividend payment is subject to approval at the ensuing Annual General Meeting.

Tax Deduction Requirements

Pursuant to the Income-tax Act, 2025 effective April 1, 2026, the Company is required to deduct tax at source (TDS) on dividend payments at applicable rates. The TDS rate depends on the residential status of shareholders and documents submitted.

Key exemption: No tax will be deducted on dividend payment to resident individual shareholders if total dividend paid during Tax Year 2026-27 does not exceed ₹10,000.

TDS Rates for Resident Shareholders

A.1 Tax Deductible Scenarios:

  • 10% rate: Valid PAN updated with Depository Participant (dematerialized shares) or RTA (physical shares)
  • 20% rate: No/invalid PAN with Depository Participant or RTA
  • Certificate rate: Lower/nil tax deduction certificate issued by Income Tax Department u/s 395(1) of the Act

A.2 Nil Tax Deductible Scenarios (with document submission):

  • Individual shareholders with dividend income > ₹10,000 furnishing Form 121
  • Shareholders exempt u/s 393(1) (LIC, GIC, Business Trusts like REIT, InVIT)
  • Entities covered u/s 393(5) (Government, RBI, Mutual Funds, corporations established by Central Act)
  • Alternative Investment Funds (AIFs) exempt under Schedule V to Section 11
  • Other entities exempt under section 393(6) of the Act

TDS Rates for Non-Resident Shareholders

B. Tax Deductible Scenarios:

  • Foreign Institutional Investors/FPIs: 20% (plus surcharge/cess) or beneficial tax treaty rate
  • AIF Category III in IFSC: 10% (plus surcharge/cess)
  • Other Non-residents: 20% (plus surcharge/cess) or beneficial tax treaty rate
  • Residents of Notified Jurisdictional Area: 30%
  • Sovereign Wealth/Pension Funds notified u/s 176(1): NIL rate
  • Lower/NIL certificate holders: Rate specified in certificate from Income Tax Department

Document Submission Requirements

Shareholders must submit scanned copies of required documents to email IDs info@alankit.com or investorhelp@punjabchemicals.com on or before June 30, 2026. Documents received after this date will not be considered for TDS rate determination.

Key Notes and Conditions

  • Shareholders must update KYC data including PAN, email, address, mobile number, and bank account details with RTA Alankit Assignments Limited
  • PAN must be linked with Aadhaar as per Section 262 of Income Tax Act, otherwise PAN deemed invalid and 20% TDS applied
  • Clearing members must ensure shares are transferred to shareholder accounts for direct dividend credit
  • TDS rate determination subject to verification of shareholder details
  • Higher tax rate applied for shareholders holding shares under multiple accounts with different residential status
  • Company reserves right to reject documents found incomplete or discrepant
  • Shareholders responsible for any tax demands arising from misrepresentation
  • Declaration required where dividend income assessable in hands of person other than shareholder (Rule 203 of Income-tax Rules, 2026)