Dividend Declaration

The Board of Directors declared an Interim Dividend of ₹2.00 (100%) per equity share of ₹2.00 each for the financial year 2026-27 at its meeting held on October 29, 2026.

Record Date and Payment Details

The dividend will be payable to shareholders whose names appear in the Register of Members as on Wednesday, November 04, 2026. Payment will be made exclusively through electronic modes approved by RBI—physical instruments such as warrants, cheques, or drafts are no longer allowed.

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 copies of relevant documents to the RTA, Bigshare Services Private Limited.

TDS Framework

Under the Income-tax Act, 2025 and Income-tax Rules, 2026, dividend declared and paid on or after April 1, 2026 is taxable in shareholders' hands. The company must withhold tax at prescribed rates (plus applicable surcharge and cess). TDS rates vary based on residential status and documents submitted.

Mandatory Details for All Shareholders

Shareholders must complete/update the following details in depository records or register of members by the record date (November 04, 2026):

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

TDS Rates and Documentation Requirements by Category

Resident Shareholders:
  • Mutual Funds (SEBI-registered): 0% TDS under Section 393(5)(d). Requires declaration and self-attested copy of registration documents.
  • Category I and II AIFs: 0% TDS under Section 393(4). Requires valid SEBI registration certificate and declaration.
  • Other resident shareholders: 10% TDS under Section 393(1) (Table: Sl. No. 7). No TDS if aggregate dividend ≤ ₹10,000 during FY. Exemption available via Form 121 for individuals with no tax liability (income ≤ ₹4,00,000/₹12,00,000 under new regime). Invalid PAN triggers 20% TDS under Section 397(2)(b). Lower withholding certificate under Section 395 accepted if provided.
  • NPS Trust: 0% TDS under Section 393(1)(9) r.w.s Sch VII (Table: Sl. No. 41). Requires self-declaration and PAN copy.
  • Recognized Provident Fund: 0% TDS per CBDT Circular 18/2017. Requires self-attested copy of Commissioner's order under Rule 3 of Part A of Fourth Schedule.
  • Approved Superannuation Fund: 0% TDS per CBDT Circular 18/2017. Requires self-attested copy of Commissioner's approval under Rule 2 of Part B of Fourth Schedule.
  • Approved Gratuity Fund: 0% TDS per CBDT Circular 18/2017. Requires self-attested copy of Commissioner's approval under Rule 2 of Part C of Fourth Schedule.
  • Any other exempt entity: Valid documentary evidence required.
Non-Resident Shareholders:
  • FPIs and FIIs: 20% TDS (plus surcharge/cess) under Section 393(2) (Table: Sl. No. 15). DTAA benefits require submission of: Indian PAN copy, valid Tax Residency Certificate, Electronic Form 41, and declaration per Annexure 1 (beneficial ownership, no PE in India, etc.).
  • Category I and II AIFs: 0% TDS under Section 393(4). Requires SEBI registration certificate and declaration.
  • Any exempt entity: Valid documentary evidence from Indian tax authorities required.

Submission Procedures

All documents must be emailed to tds@bigshareonline.com and investors@symphonylimited.com by November 04, 2026 (record date). Physical documents may be sent to Bigshare Services Private Limited at Office No S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri (East), Mumbai – 400093. Documents sent physically after record date will not be considered.

Additional Provisions

  • Under Rule 203(2) of Income Tax Rules 2026, if dividend income is assessable by someone other than the deductee, a declaration must be filed by record date.
  • Excess TDS deducted can be refunded via income tax return filing; no claim lies against the company.
  • Invalid PAN is one not as per income tax portal database.
  • All documents must be self-attested as "certified true copies."
  • Forms 121/declarations can be downloaded from https://www.bigshareonline.com/resources-sebi_circular.aspx#parentHorizontalTab3.
  • New tax regime (default from FY 2023-24) has thresholds of ₹4,00,000 and complete rebate up to ₹12,00,000.
  • Electronic Form 41 is mandatory for DTAA benefits.
  • TDS rates subject to surcharge and cess.
  • TDS application subject to company due diligence.
  • If income assessable to another person, registered shareholder must furnish declaration with details.
  • Shareholders indemnify company against tax demands from misrepresentation.
  • TDS certificate will be emailed; amount reflected in Form 168.
  • Dividend taxable in TY 2026-27; all details/declarations must pertain to this year.

Disclaimer

The communication summarizes law provisions and is not a complete analysis. Shareholders should consult tax advisors.

Annexure

Annexure 1 provides format for declaration claiming DTAA benefits, requiring details like PAN, shareholding, tax residency, beneficial ownership, no PE in India, and indemnification.