Date: September 26, 2026

Dividend Declaration

  • The Board of Directors declared a second interim dividend of ₹8 per equity share (face value Re. 1) for the financial year ending December 31, 2026.
  • Record date: Thursday, October 1, 2026.
  • Dividend payment will be made on or before October 24, 2026.

Tax Deduction at Source (TDS) Guidelines

For Resident Shareholders

  • TDS rate: 10% under Section 393(1) read with Section 393(4) of Income Tax Act, 2025.
  • No TDS if dividend receipt does not exceed ₹10,000 in a financial year for resident individuals.
  • Higher TDS rate of 20% applies if: PAN is not available/invalid/inoperative, or PAN is not linked with Aadhaar.
  • Lower/nil TDS certificates under Section 395(1) accepted with specified rate.

Exemptions for Resident Shareholders (with required documentation)

  • Resident individual shareholders (dividend exceeding ₹10,000): Form No. 121 for nil TDS.
  • LIC, GIC, etc. (exempt under Section 393(4)): Self-declaration with documentary evidence.
  • Government, RBI, corporations established by Central Act & Mutual Funds (Section 393(5)): Self-declaration with evidence.
  • Category I and II Alternative Investment Funds: Self-declaration with SEBI registration.
  • Mutual Funds: Self-declaration with SEBI registration certificate.
  • NPS Trust: Self-declaration with documentary evidence under Section 11.
  • Recognized provident funds, approved superannuation funds, approved gratuity funds: Evidence per CBDT Circular No. 18/2017.
  • Any resident shareholder exempted from TDS: Necessary documentary evidence.
  • Lower withholding certificate under Section 395(1): Self-attested PAN copy with certificate.

For Non-Resident Shareholders

  • TDS rate: 20% plus applicable surcharge and cess under Section 393(2), or beneficial tax treaty rate.
  • Required documents: FPI registration certificate (for FIIs/FPIs), Tax Residency Certificate, electronically generated Form 41 for FY2026-27, PAN or declaration under Rule 217, self-declaration for non-existence of PE/fixed base and beneficial ownership.
  • Indian Branch of Foreign Bank: 35% plus surcharge and cess, or nil with lower tax deduction certificate under Section 395(1).
  • Any non-resident shareholder exempted from WHT: Necessary documentary evidence.

Important Deadlines and Procedures

  • All tax-related documents must be submitted by Thursday, October 1, 2026.
  • Documents should be uploaded at: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • Declaration under Rule 203 must be filed by October 1, 2026, if dividend income is assessable by someone other than the deductee.
  • TDS certificates will be emailed to registered email addresses post-dividend payment.
  • Shareholders with multiple accounts under different statuses: Higher applicable tax rate will be applied to entire holding.

Additional Information

  • Shareholders are requested to update bank account details in demat accounts/physical folios for direct credit of dividend.
  • Queries can be directed to rsystems.india@rsystems.com.
  • The communication is a summary; shareholders should consult tax advisors for specific circumstances.

Attachments Available

  • Format - Form 121
  • Format - Declaration (Resident)
  • Format - Declaration (Non-Resident)
  • Format- Declaration under Rule 217