Dividend Declaration Details

The Board of Directors declared an Interim Dividend of ₹1.00 (50%) per equity share (face value ₹2.00 each) for the financial year 2026-27 at its meeting held on August 04, 2026.

Record Date and Payment Method

The dividend will be payable to shareholders whose names appear in the Register of Members as on the Record Date: Tuesday, August 11, 2026.

Payment will be made exclusively through electronic modes approved by RBI; physical instruments like warrants, cheques, or drafts are no longer permitted.

Shareholder Action Required

Shareholders must ensure their bank account details are registered with their Depository Participant (for demat holdings) or with the Company/RTA (for physical holdings). Physical shareholders must submit Form ISR-1, ISR-2, SH-13, a cancelled cheque, client master form, and self-attested relevant documents to the RTA, M/s. Bigshare Services Private Limited.

TDS Framework Overview

Dividend declared and paid on or after April 1, 2026 is taxable in shareholders' hands. The company is required to withhold tax at source at prescribed rates (plus applicable surcharge and cess).

Mandatory Details for All Shareholders

Shareholders must complete/update the following details with their DP/RTA on or before the record date (August 11, 2026):

  • Residential status (Resident/Non-Resident) for TY 2026-27
  • Valid Permanent Account Number (PAN)
  • Category of shareholder (e.g., Mutual Fund, Insurance Co., AIF, FPI/FII, Individual, HUF, etc.)
  • Email ID
  • Address

TDS Provisions by Shareholder Category

1. Resident Shareholders
  • Mutual Funds (SEBI-registered): 0% TDS under Section 393(5)(d), subject to submission of declaration and self-attested registration documents.
  • Category I & II AIFs: 0% TDS under Section 393(4), subject to submission of valid SEBI registration certificate and declaration for exemption under Schedule V.
  • Individual Shareholders: TDS at 10% if estimated income exceeds ₹4,00,000 (new regime threshold). No TDS if valid Form 121 is furnished (for individuals with no tax liability/income not exceeding maximum non-chargeable amount).
  • NPS Trust: 0% TDS under Section 393(1)(9) r.w.s. Sch VII, subject to self-declaration and PAN copy.
  • Recognized Provident Fund/Approved Superannuation Fund/Approved Gratuity Fund: 0% TDS, subject to submission of self-attested valid documentary evidence (e.g., Commissioner's order, approval copy).
  • Others entitled to exemption: Valid documentary evidence required.
  • PAN not available: TDS deducted at 20% under Section 397(2)(b).
  • Lower withholding certificate: TDS at certificate rate if provided under Section 395.
2. Non-Resident Shareholders
  • FPIs/FIIs: TDS at 20% (plus surcharge & cess) under Section 393(2). Beneficial DTAA rates depend on completeness of documents submitted.
  • Category I & II AIFs: 0% TDS under Section 393(4), subject to SEBI registration and declaration.
  • Documents required for DTAA claim: Copy of Indian PAN, valid Tax Residency Certificate, self-declaration in Electronic Form 41, and declaration on letterhead (Annexure 1 format) confirming no Permanent Establishment in India, beneficial ownership, and treaty eligibility.
  • Any entity entitled to exemption: Valid documentary evidence from Indian tax authorities required.

Document Submission Process

  • All documents must be emailed to tds@bigshareonline.com and investors@symphonylimited.com on or before the record date (August 11, 2026).
  • Physical documents may be sent to RTA: Bigshare Services Private Limited, Office No S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri (East), Mumbai – 400093.
  • Documents received after the record date will not be considered.

Key Notes and Disclaimers

  • Invalid PAN (as per income tax portal) will lead to 20% TDS.
  • All documents must be self-attested as "certified true copies of the original".
  • Benefits depend on document availability and verification; ambiguous information may result in TDS at maximum rate.
  • Form 121/self-declaration forms can be downloaded from RTA's website: https://www.bigshareonline.com/resources-sebi_circular.aspx#parentHorizontalTab3.
  • For income assessable in hands of person other than deductee, a declaration under Rule 203(2) of Income Tax Rules 2026 must be filed by record date.
  • Excess TDS can be claimed as refund via income tax return; no claim lies against the company.
  • Shareholders indemnify the company against any income-tax demand (interest, penalty) arising from misrepresentation.
  • TDS certificate will be emailed to registered email IDs and reflected in Form 168.
  • This dividend is taxable in TY 2026-27; all details/declarations must pertain to this year.
  • The communication is a summary; shareholders should consult tax advisors for their specific circumstances.

Annexure

Includes a prescribed format for Declaration for Claiming Benefits under DTAA, requiring details like PAN, shareholding, tax residency, beneficial ownership, and indemnification clauses.