Key Quantitative Figures and Dates
- The Board of Directors declared an interim dividend of ₹4.05 per share (405% of the face value of Re 1/- each) at their meeting held on October 28, 2026.
- The dividend will be paid on November 23, 2026.
- The Record Date for determining eligibility is November 6, 2026. Shareholders on the Register of Members or beneficial owners as per NSDL/CDSL lists at the close of business on this date will be eligible.
- The deadline for shareholders to submit all required documents for TDS purposes is November 7, 2026.
- For resident individual shareholders, no TDS will be deducted if the aggregate dividend distributed during the financial year does not exceed ₹10,000.
TDS Provisions and Documentation Requirements
For Resident Shareholders
- Exempt Entities: Mutual Funds, Insurance Companies, Category I & II Alternative Investment Funds (AIFs), Recognized Provident Funds, Approved Superannuation Funds, Approved Gratuity Funds, National Pension Scheme, and Government (Central/State) are exempt from TDS subject to submitting specific self-attested documents (e.g., SEBI/IRDAI registration certificates, approval orders from Commissioners).
- Other Resident Shareholders: TDS is generally deducted at 10% under Section 393(1). Exemptions are available by submitting a valid Form 121 (for individuals with no tax liability) or a lower withholding tax certificate under Section 395.
- TDS will be deducted at 20% under Section 397 if a valid PAN is not available.
For Non-Resident Shareholders
- TDS is generally deducted at 20% or the rates in force per the Finance Act (plus surcharge and cess) under Section 393(2).
- To avail beneficial rates under a Double Tax Avoidance Agreement (DTAA), non-resident shareholders must provide:
i. A self-attested copy of their Indian PAN.
ii. A self-attested copy of a valid Tax Residency Certificate.
iii. A duly filled Online Form 41 (self-declaration certifying tax residency, eligibility for DTAA benefits, ultimate beneficial ownership, and lack of a permanent establishment in India).
- A lower withholding tax certificate under Section 395 can also be provided.
General Notes and Important Instructions
- All TDS rates are subject to enhancement by applicable surcharge and cess.
- All documents must be self-attested with the text "certified true copy of the original" and uploaded via the specified link:
https://ipostatus.integratedregistry.in/TaxExemptionRegistration.aspxby November 7, 2026. - Shareholders holding shares in physical form must note that SEBI has mandated electronic dividend payments only, requiring updated PAN, nomination, contact details, mobile number, bank account details, and specimen signature.
- Shareholders holding shares in demat form must ensure their core bank account details and IFSC/MICR code are correctly updated with their Depository Participant (DP). Dividends will be credited only to this bank account electronically.
- Per SEBI regulations, if an electronic payment is rejected, a re-attempt will be made only electronically after correcting bank details; no physical warrants, cheques, or demand drafts will be issued.
- The company clarifies that this communication is a summary of tax provisions and recommends shareholders consult their own tax advisors. The company will not be liable for higher TDS deductions due to missing documents, though shareholders can claim refunds via income tax returns. Shareholders are responsible for indemnifying the company against any demands arising from misrepresentation.
- Under Rule 203, if the dividend income is assessable in the hands of a person other than the registered shareholder, a specific declaration must be submitted via the provided link by November 7, 2026.