Dividend Declaration Details

The Board of Directors declared a final dividend of ₹5.00 (250%) per equity share of ₹2.00 each for the financial year 2025-26 in their meeting held on May 15, 2026.

Record Date and Payment Details

The dividend will be payable to shareholders whose names appear in the Register of Members as on the record date of Friday, July 17, 2026. Payment will be made exclusively through electronic modes approved by the Reserve Bank of India. Physical instruments such as warrants, cheques, or drafts are no longer permitted.

Shareholder Requirements

Shareholders must ensure the following details are completed/updated in their depository records or register of members by the record date (July 17, 2026):

  • Residential status (Resident or Non-Resident for TY 2026-27)
  • Valid Permanent Account Number (PAN)
  • Category of shareholder (Mutual Fund, Insurance Company, AIF Category I/II/III, FPI/FII, Foreign Company, Individual, HUF, Firm, LLP, AOP, BOI, AJP, Trust, Domestic company)
  • Email ID
  • Address

TDS Provisions

Dividend declared and paid on or after April 1, 2026 is taxable in the hands of shareholders. Companies are required to withhold tax at source at prescribed rates (plus applicable surcharge and cess). TDS rates vary depending on residential status and documents submitted.

TDS Rates and Documentation Requirements by Category

Mutual Funds (SEBI registered)

  • Rate: 0%
  • Section: 393(5)(d)
  • Requirements: Declaration governed by Schedule VII (Table: Sl. No 20 or 21) with self-attested copy of registration documents

Category I and II Alternative Investment Funds (AIF)

  • Rate: 0%
  • Section: 393(4)
  • Requirements: Valid SEBI registration certificate and declaration that income is exempt under Schedule V (Table: Sl. No 1)

Resident Shareholders

  • Rate: Varies based on documentation
  • Requirements: Form 121 for individuals with no tax liability (income not exceeding maximum non-chargeable amount), valid PAN
  • Penalty: 20% TDS if valid PAN not available (Section 397(2)(b))

New Pension System (NPS) Trust

  • Rate: 0%
  • Section: 393(1)(9) r.w.s Sch VII (Table: Sl. No. 41)
  • Requirements: Self-declaration qualifying as NPS trust with exemption under Sch VII and PAN card copy

Recognized Provident Fund

  • Rate: 0%
  • Reference: Circular 18/2017 issued by CBDT
  • Requirements: Valid order from Commissioner under Rule 3 of Part A of Fourth Schedule or documentary evidence

Non-Resident Shareholders (FPIs/FIIs)

  • Rate: 20% (plus applicable surcharge and cess)
  • Section: 393(2) (Table: Sl. No. 15)
  • Requirements: Company not obligated to apply beneficial DTAA rates automatically
  • Documentation: Valid Tax Residency Certificate, Electronic Form 41, declaration of no Permanent Establishment in India, beneficial ownership confirmation

Submission Deadlines and Procedures

All documents must be emailed to tds@bigshareonline.com and investors@symphonylimited.com by July 17, 2026 (record date). Physical documents may be sent to Bigshare Services Private Limited at Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra.

Important Notes

  • Documents sent physically after cutoff date will not be considered
  • Invalid PANs (not as per income tax portal database) will result in higher TDS deduction
  • All documents must be self-attested as "certified true copies of the original"
  • Under Finance Act 2025, threshold limit is ₹4,00,000 with complete tax rebate on income up to ₹12,00,000
  • Electronic Form 41 is mandatory for DTAA benefits
  • TDS rates subject to applicable surcharge and cess
  • Shareholders can claim refund of excess TDS through income tax return filing
  • Company will email soft copy of TDS certificate to registered email IDs
  • Dividend taxable in TY 2026-27

Indemnity Clause

Shareholders are responsible for any income-tax demand (including interest, penalty) arising from misrepresentation, inaccuracy, or omission of information provided and must indemnify the Company.

Annexure Requirements

Non-resident shareholders claiming DTAA benefits must submit a detailed declaration including:

  • Tax residency confirmation
  • Beneficial ownership declaration
  • No permanent establishment in India
  • Compliance with Principal Purpose Test (PPT) and Limitation of Benefit clauses
  • Indemnification of the Company