Dividend Recommendation and Approval Status

  • Board of Directors recommended Final Dividend of ₹0.50 per equity share (5% on face value of ₹10) for FY ended 31 March 2026 at meeting held on 7 May 2026.
  • Dividend payment is subject to shareholder approval at the 72nd Annual General Meeting scheduled for Wednesday, 19 August 2026.

Tax Deduction at Source Provisions

For Resident Shareholders

  • With valid PAN: TDS at 10% under Section 393 of Income-tax Act, 2025
  • Without PAN/invalid PAN/PAN not linked with Aadhar: TDS at 20% under Section 397
  • Exemption conditions: No TDS if total dividend during 2026-27 does not exceed ₹10,000 OR shareholder provides Form 121 - Part A meeting eligibility conditions
  • Lower/NIL withholding: Possible with certificate under section 395(1) of the Act submitted as self-attested copy

Special Categories

  • Alternative Investment Funds (AIF): Nil TDS upon submitting self-declaration of exemption under Schedule VII [Table: Sl. No. 20 or 21] to section 11 of Act, plus PAN and SEBI registration certificate
  • NPS Trust: Nil TDS with self-declaration of qualification as NPS trust and exemption under Schedule VII [Table: S. No. 40] to section 11
  • Other non-individual shareholders: Nil TDS with self-attested documentary evidence supporting exemption plus PAN

For Non-Resident Shareholders

  • Default rate: 20% plus applicable surcharge and cess under section 393(2) [Table Sl. No 17] read with section 207(1) [Table Sl. No. 1]
  • DTAA benefits: Possible with submission of:
  • Form 41 filed online at https://eportal.incometax.gov.in/
  • Tax Residency Certificate for period 1 April 2026 to 31 March 2027
  • Self-declaration of meeting treaty eligibility and beneficial ownership requirements (Annexure 3)
  • SEBI registration certificate (for FIIs/FPIs)
  • PAN card copy
  • GDR Holders: 10% TDS with PAN, 20% without PAN
  • Lower/NIL withholding: Possible with certificate under section 393/395

Submission Requirements and Deadline

  • All tax-related documents must be submitted to Venture Capital and Corporate Investments Private Limited (RTA) at investor.relations@vccipl.com
  • Deadline: 5:00 PM IST on Wednesday, 12 August 2026
  • No communications regarding tax determination will be entertained after this date
  • For joint shareholders, the first-named shareholder must furnish documents

Additional Compliance Provisions

  • PAN-Aadhar linking: Mandatory under Section 262 of Act - non-linked PAN deemed invalid attracting 20% TDS
  • Rule 203 declaration: Required if dividend income assessable in hands of person other than deductee
  • Multiple accounts: Higher tax rate applicable to any status under a PAN will apply to all holdings under that PAN

Shareholder Details Update Requirements

Dematerialized Shareholders

  • Must update tax residential status, PAN, email addresses, mobile numbers through Depository Participants
  • Bank details must be updated through Depository Participants only (not directly with company)

Physical Shareholders

  • Must furnish PAN, nomination choice, contact details, mobile number, complete bank details, specimen signatures to RTA by 12 August 2026
  • For bank account update, must submit:
  • Form No. ISR-1 with complete bank details (bank name, branch, account number, type, IFSC, MICR)
  • Copy of cancelled cheque
  • Self-attested PAN copy
  • Self-attested address proof (Aadhaar, Driving License, Election ID, Passport)

Payment Method

  • SEBI mandates electronic payment mode for all dividends effective 1 April 2024
  • Physical shareholders must be KYC compliant with all details registered to receive dividend

Annexures Provided

  • Annexure 1: Form 121 - Part A template
  • Annexure 2: Declaration regarding Category and Beneficial Ownership of shares
  • Annexure 3: Declaration regarding Tax Residency and Beneficial Ownership of shares

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