Company Disclosure

Dividend Declaration Details

  • Board Meeting Date: 30 October 2026
  • Dividend Type: 1st Interim Dividend for financial year 2026-27
  • Dividend Amount: ₹2.00 per equity share of face value ₹2.00 each (100%)
  • Record Date: Friday, 6 November 2026
  • Payment Timeline: Payable within 30 days from board meeting date (by 29 November 2026)
  • Payment Mode: Electronic mode to updated bank mandates

Tax Treatment Framework

  • Dividend income taxable in hands of shareholders under Income Tax Act, 2025 as amended by Finance Act, 2026
  • Company required to deduct TDS at prescribed rates varying by shareholder category and residential status
  • TDS exemption available if aggregate dividend during FY27 does not exceed ₹10,000 for resident individuals

Mandatory Shareholder Requirements (Due by 6 November 2026)

Shareholders must update the following details through depository participants (demat) or RTA (physical):

  • Residential status (Resident/Non-Resident for FY26-27)
  • Valid Permanent Account Number (PAN) copy
  • Shareholder category selection from specified list
  • Email ID and address updates

TDS Rate Structure and Documentation Requirements

Resident Shareholders:

  • 0% TDS: Government, RBI, central corporations, mutual funds (with registration certificate), Category I/II AIFs, NPS Trust, insurance companies (with IRDA registration), resident individuals with dividend ≤ ₹10,000 or valid Form 121
  • 10% TDS: Other residents with valid PAN
  • 20% TDS: Invalid PAN, deleted PAN, or non-linked PAN-Aadhaar (per Section 397)
  • Lower Rates: Possible with Section 395 certificate from tax authorities

Non-Resident Shareholders:

  • 20% TDS: Standard rate for FII/FPI/other non-residents (plus applicable surcharge & cess)
  • Lower Rates: Possible with PAN copy, TRC, Form 41, and self-declaration of no PE in India

Critical Deadlines and Procedures

  • All documents must be uploaded to RTA portal (https://ris.kfintech.com/form15) by 6 November 2026
  • Documents require self-attestation as "certified true copy of the original"
  • Company will not consider documents submitted after the record date
  • TDS certificates will be emailed to registered email IDs and reflected in Form 168

PAN-Aadhaar Linking Requirement

  • Section 262 requires PAN-Aadhaar linking for eligible persons
  • Non-linked PANs deemed invalid/inoperative, triggering 20% TDS rate under Section 397
  • Shareholders directed to https://www.incometax.gov.in for linking FAQs

Additional Shareholder Services

Members holding physical shares must update details via ISR 1 process at RTA website. Demat holders must update bank details with depository participants to ensure timely dividend credit.

Disclaimer and Limitations

Communication summarizes tax provisions only and does not constitute complete tax analysis. Shareholders should consult tax advisors for specific circumstances. Company not liable for taxes deducted, and shareholders can claim refunds via income tax returns if excess TDS deducted.