Dividend Announcement

  • The Board of Directors recommended a Final Dividend of ₹5.00 per equity share (face value ₹2 each, representing 250%) at its meeting held on 25th May 2026
  • Dividend subject to approval of shareholders at the 75th Annual General Meeting scheduled for Tuesday, 18th August 2026
  • Record Date fixed for determining eligible shareholders: Tuesday, 11th August 2026
  • If approved, the dividend shall be paid to eligible shareholders on or before 8th September 2026

TDS Provisions

In accordance with the Income Tax Act, 2025 (as amended by Finance Act, 2026), the company is required to deduct tax at source at the time of dividend payment. The disclosure outlines detailed TDS procedures for different shareholder categories:

For Resident Shareholders:

  • Nil TDS for individuals receiving total dividend ≤ ₹10,000 during FY 2026-27
  • Nil TDS with valid Form 121 submission (Annexure 1)
  • Specific exemptions for LIC, GIC, other insurers (Section 393(4)) requiring PAN and IRDAI registration
  • Exemptions for entities under Section 393(5) (e.g., Mutual Funds, Government) requiring PAN and SEBI registration/evidence
  • Category I and II Alternative Investment Funds exempt under Section 400(1) with PAN and SEBI registration
  • NPS Trust exemption with self-declaration and PAN

For Non-Resident Shareholders (including FII/FPI):

  • Standard rate: 20% plus applicable surcharge and cess
  • Lower DTAA rate available with proper documentation
  • Required documents: self-attested PAN copy, Tax Residency Certificate (April 2026-March 2027), Form 41 if no PAN, self-declaration of treaty eligibility (Annexure 4), SEBI registration for FPIs
  • Special requirements for Singapore tax residents regarding Article 24 limitation of relief

Additional Provisions:

  • Lower withholding possible with certificate under Section 395 of the Income Tax Act
  • Rule 203 declaration required for intermediaries/stockbrokers holding shares in pool accounts (Annexure 5)
  • Declaration must be submitted within two days from record date

Critical Dates and Deadlines

  • Record Date: 11th August 2026 (final for determining eligibility)
  • Last date for submission of TDS forms and documents: 11th August 2026
  • No requests for PAN or residential status updates accepted after Record Date
  • AGM for dividend approval: 18th August 2026
  • Dividend payment date: on or before 8th September 2026

Shareholder Instructions

Residential Status Verification:

  • Shareholders must ensure correct residential status is updated with Depository Participant (demat) or RTA (physical holdings)
  • Highest applicable TDS rate will be applied across all accounts linked to the same PAN

Bank Account Updates (Mandatory):

  • SEBI mandates electronic dividend payments only
  • Demat holders: update bank details with Depository Participant
  • Physical holders: update with MUFG Intime India Private Limited (Pune address) with PAN, mobile, email, bank details, signature, and nomination
  • Physical dividend payments only permitted after furnishing all required details as per SEBI circulars

Document Submission:

  • Required forms and documents for FY 2026-27 must be submitted to RTA's website (https://web.in.mpms.mufg.com/formsreg/submission-of-Form121-41.html) or email (shares@sudarshan.com)
  • Incomplete/unsigned forms or documents submitted after 11th August 2026 will not be considered

TDS Certificate and Refund Process

  • Tax credit available in Form 168 via TRACES (https://traces.tdscpc.gov.in/) or Income Tax e-filing portal
  • TDS certificates will be emailed to shareholders after company files TDS return
  • Shareholders may claim refunds via Income Tax Return if higher TDS deducted due to missing documents
  • Company not liable for such refund claims

Indemnity Clause

Shareholders are responsible for indemnifying the company against any income tax demands (including interest, penalty) arising from inaccurate declarations, misrepresentations, or omissions.

Disclaimer

The communication provides summary information only and does not constitute complete tax advice. Shareholders should consult their own tax advisors.