Company Disclosure: TDS on Interim Dividend

Key Dates and Events

The Board of Directors will consider payment of interim dividend in its meeting scheduled for May 28, 2026. The Record Date for the dividend will be fixed accordingly. Shareholders must submit all required TDS documentation by June 6, 2026 to avail concessional TDS rates.

TDS Rates and Documentation Requirements

For Resident Members:

  • Standard TDS rate: 10% for resident members with valid PAN
  • No TDS deduction if dividend paid to resident individual member during FY 2026-27 does not exceed ₹10,000
  • Higher rate of 20% applicable for members without PAN/invalid PAN/PAN-Aadhaar not linked
  • Specific exemptions available for:
  • Residents submitting Form 121 (eligible for NIL deduction)
  • Members with orders under Section 395 of Income Tax Act (rate as per order)
  • Insurance Companies (NIL rate with documentary evidence)
  • Corporations established by Central Act (NIL rate with evidence)
  • Mutual Funds (NIL rate with evidence)
  • Alternative Investment Funds (NIL rate with declaration and registration documents)

For Non-Resident Members:

  • Standard TDS rate: 20% plus applicable surcharge and cess
  • Lower Tax Treaty rates available upon submission of:
  • Copy of PAN Card (if allotted)
  • Self-attested copy of valid Tax Residency Certificate for FY 2026-27/Calendar year 2026
  • Copy of electronically filed Form 41 on income tax portal
  • Self-declaration confirming no Permanent Establishment in India and eligibility for Tax Treaty benefits
  • Tax identification number from country of residence

Important Compliance Notes

  • Permanent Account Number mandatory for each Folio/DP id-Client Id
  • Higher tax rate of 20% applicable under Section 397 of Income Tax Act for invalid/non-linked PAN
  • Members holding shares under multiple accounts with single PAN will have higher applicable tax rate considered for entire holding
  • TDS certificates will be emailed to registered email IDs after dividend payment
  • No claims shall lie against the Company for taxes deducted at higher rate if documentation not submitted by deadline

Procedural Requirements

All documents must be emailed to investor@technocraftgroup.com on or before June 6, 2026. No communications regarding tax determination/deduction will be considered after this date.

Additional Provisions

Under Rule 203 of Income Tax Rules 2026, if dividend income assessable in hands of person other than deductee, such deductee must file declaration with Company's Registrar in prescribed manner.

Annexures Provided

The communication includes five annexures:

  • Annexure 1: Form-No-121
  • Annexure 2: Declaration of Category of Resident Shareholder
  • Annexure 3: Declaration by non-resident shareholder
  • Annexure 4: TDS Declaration Format Under Rule 203
  • Appendix A for Rule 203