Key Quantitative Figures and Dates

  • Dividend Amount: ₹0.10 per equity share of face value ₹10 each.
  • Financial Year: 2025-26.
  • Board Meeting Date: May 12, 2026 (where dividend was recommended).
  • Annual General Meeting (AGM) Date: August 20, 2026 (subject to shareholder approval).
  • Record Date: Friday, August 7, 2026.
  • Deadline for TDS Form Submission: August 11, 2026 (close of business hours).
  • Deadline for Rule 203 Declaration: August 14, 2026 (no communications accepted after).
  • TDS Certificate Availability: Post-completion of activities, viewable in Form 26AS after October 31, 2026.

Parties Involved

  • Issuing Company: Sagility Limited (formerly Sagility India Limited, Sagility India Private Limited).
  • Registrar and Share Transfer Agent (RTA): MUFG Intime India Private Limited (Formerly Link Intime India Private Limited).
  • Regulatory Addressees: National Stock Exchange of India Limited (NSE) and BSE Limited.

Detailed TDS Provisions

A. Resident Shareholders

  • Standard TDS Rate: 10% under Section 393(1) (Table: Sr. No. 7) of the Income-tax Act, 2025.
  • Higher TDS Rate (20%) applies if: PAN is not available, PAN is invalid, or PAN is not linked with Aadhaar as per Section 262(6)(a) and Rule 162.
  • No TDS if aggregate dividend to a resident individual during tax year 2026-27 does not exceed ₹10,000.

Specific Exemptions for Resident Shareholders:

  • Resident Individuals with Form 121: TDS rate is Nil upon submission of a duly signed Form 121 with a self-attested PAN copy.
  • Life Insurance Corp. (LIC), General Insurance Co. (GIC), Other Insurers: TDS is Nil. Requires a self-declaration of ownership/beneficial interest, self-attested PAN, and valid self-attested IRDAI registration certificate.
  • Mutual Funds (Schedule VII, Table: Sr. No. 20 or 21), Government, etc.: TDS is Nil under Section 393(5). Requires a self-declaration of eligibility, self-attested PAN, and SEBI registration certificate.
  • Category I & II Alternative Investment Funds (AIFs): TDS is Nil under Schedule V (Table: Sr. No. 1). Requires a self-declaration of eligibility, self-attested SEBI registration documents, and PAN.
  • Other Exempt Entities (e.g., per CBDT Circular 18/2017): TDS is Nil. Requires a self-declaration of unconditional exemption and beneficial interest, with supporting registration certificate and PAN.
  • Lower/Nil TDS Certificate: Shareholders can submit a lower/nil withholding tax certificate obtained from the tax authority under Section 395 of the Act.

B. Non-Resident Shareholders

  • Standard TDS Rate: 20% (plus applicable surcharge and cess) under Section 393(2) OR the beneficial rate under the applicable Double Taxation Avoidance Agreement (DTAA), whichever is lower.
  • Documents Required for DTAA Benefit:

1. Self-attested copy of Indian PAN card (or declaration of non-availability).

2. Copy of Tax Residency Certificate (TRC) for FY 2026-27.

3. Form 41 for FY 2026-27 filed electronically on the Indian Income Tax Portal.

4. A comprehensive self-declaration covering tax residency, DTAA eligibility, beneficial ownership, lack of Permanent Establishment (PE) in India, and compliance with GAAR/Principal Purpose Test.

5. For FIIs/FPIs: Self-attested copy of SEBI registration certificate.

  • Lower/NIL Withholding Tax Certificate: Shareholders can submit a certificate obtained from the tax authority under Section 395 of the Act.

General Provisions & Instructions

  • Shareholders with Multiple Accounts: The highest applicable TDS rate for a given PAN will be applied to the entire holding across all accounts.
  • Rule 203 Declaration: If TDS credit needs to be given to a person other than the registered shareholder (the deductee on the record date), a signed declaration must be filed with the Company on letterhead, providing details of the actual recipient.
  • Submission Process: All required forms and documents for FY 2026-27 must be submitted exclusively via the RTA's web portal (https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html) by the August 11, 2026 deadline. Physical or email submissions will not be considered.
  • Form Validity: All submitted forms/declarations are valid only for Financial Year 2026-27.
  • Indemnity: Shareholders are responsible for indemnifying the Company against any income tax demands arising from misrepresentation or omission in the information they provide.
  • Bank Details: Shareholders are urged to ensure their bank account details (IFSC, MICR) are updated in their demat accounts or with the RTA to enable timely dividend credit.

Disclaimer

The communication is a summary of tax provisions and not a complete analysis. It is not intended as tax advice, and shareholders are advised to consult tax professionals for their specific situations.