Date: 29th October 2026

Dividend Declaration

  • Declared interim dividend of ₹75 per equity share of ₹10 each for financial year 2026
  • Dividend payable to shareholders whose names appear in Register of Members or as Beneficial Owners as at close of business hours on 5th November 2026 (Record Date)
  • Board meeting date: Thursday, 29th October 2026

TDS Compliance Requirements

  • Dividend taxable in hands of shareholders under Income Tax Act, 2025
  • Company required to deduct TDS at applicable rates
  • Shareholders must ensure following details are updated through Depository Participant (demat) or RTA (physical) by Record Date (5th November 2026):
  • Residential status (Resident or Non-Resident for tax year 2026-27)
  • Valid PAN if allotted
  • Category of shareholder
  • E-mail Address
  • Residential Address with Postal Code (including country)

Important Dates

  • Record Date: 5th November 2026
  • Last date for submission of TDS declarations: 5th November 2026, 5.00 p.m. IST

Resident Shareholders TDS Provisions

  • No TDS if aggregate dividend during tax year does not exceed ₹10,000 for resident individuals (Section 393(1)(4))
  • TDS at 10% if PAN available and valid
  • No TDS if resident individual provides duly signed Form 121 meeting eligibility conditions (Section 393(6))
  • TDS at higher of prescribed rates or 20% if PAN not available or invalid
  • Specific declarations required for:
  • Insurance companies: Declaration of beneficial ownership
  • Mutual Funds: Declaration of eligibility under Schedule VII with registration documents
  • Alternative Investment Funds (AIF): Declaration of exemption under Schedule V and Category I/II status under SEBI Regulations
  • Other non-individual shareholders exempt under Section 393(1): PAN with documentary evidence

Non-Resident Shareholders TDS Provisions

  • TDS deducted at 20% plus applicable surcharge and Health and Education Cess
  • DTAA benefits available if more beneficial, requiring submission of:
  • Self-attested PAN copy
  • Self-attested Tax Residency Certificate (TRC)
  • Duly certified Form 41 filed on Indian Income Tax Portal
  • Self-declaration certifying continuing tax residency, DTAA eligibility, beneficial ownership, and no taxable presence in India
  • FIIs and FPIs subject to 20% TDS rate regardless of DTAA benefits

General Provisions

  • Higher tax rate applicable across all accounts if shares held under different status/category with single PAN
  • Only scanned copies of documents accepted through specified portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • No communications accepted after 5th November 2026, 5:00 p.m. IST
  • Shareholders can claim refund through income tax return if higher TDS deducted

Payment Details

  • Physical dividend warrants/cheques discontinued
  • Shareholders must ensure bank account details updated in demat accounts/physical folios for electronic payment

Service Providers

  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)