Key Quantitative Figures

  • Recommended dividend: Re. 1 per equity share of face value Rs. 10 each (10%)
  • TDS rate for resident shareholders with valid PAN: 10%
  • TDS rate for resident shareholders without valid PAN: 20%
  • TDS rate for non-resident shareholders: 20% (plus applicable surcharge and cess)
  • Dividend exemption threshold for resident individuals: Total dividend not exceeding ₹10,000

Dates and Timeline

  • Board meeting date: May 15, 2026 (dividend recommendation)
  • Communication date: July 10, 2026 (TDS procedures intimation)
  • Document submission deadline: July 17, 2026
  • Annual General Meeting: August 1, 2026 (dividend approval)
  • Dividend payment timeline: Within 5 days from AGM conclusion
  • Tax year applicable: April 2026 to March 2027

Parties Involved

  • Sky Industries Limited (Declaring company)
  • MUFG Intime India Private Limited (Registrar and Transfer Agent)
  • BSE Limited (Stock exchange, Scrip Code: 526479)
  • Income Tax Department (Regulatory authority)
  • SEBI (Securities and Exchange Board of India)
  • Depositories (NSDL/CDSL)

Document Submission Requirements

Shareholders must submit required documents to corporate@skycorp.in or through the dedicated portal https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html by July 17, 2026. Documents include:

  • Form 121 for resident individuals claiming exemption
  • Annexure 2 declarations for resident non-individuals (insurance companies, mutual funds, AIFs, NPS Trust)
  • Annexure 3 documents for non-residents (PAN, TRC, Form 41, beneficial ownership declaration)
  • Rule 203 declarations for credit to beneficial owners

Financial Impact

The dividend payout amount is not quantified in the disclosure. The financial impact will depend on the total number of shares outstanding and the final dividend approval at the AGM. TDS deductions will reduce the net dividend amount received by shareholders based on their eligibility category and documentation provided.

Shareholder Requirements

  • Update KYC details including tax residency status, PAN, registered email, mobile number
  • Ensure PAN-Aadhaar linkage to avoid higher TDS deduction
  • Update bank account details for electronic dividend payment
  • Physical shareholders must provide PAN, nomination, contact details, bank account details, and specimen signature
  • Multiple account holders under single PAN will be subject to highest applicable TDS rate

Annexures Included

The communication includes four annexures:

  • Annexure 1: Format of Form 121 for resident individuals
  • Annexure 2: Declaration format for resident non-individuals
  • Annexure 3: Declaration format for non-resident shareholders
  • Annexure 4: Format of declaration under Rule 203 of Income-Tax Rules, 2026