Dividend Details

The Board of Directors at its meeting held on May 7, 2026 recommended a final dividend of ₹7.00 per equity share (face value ₹10) for financial year 2025-26. This is in addition to the interim dividend of ₹7.00 per share declared on October 14, 2025. The final dividend is subject to shareholder approval at the Annual General Meeting scheduled for Tuesday, June 30, 2026.

Record Date

The record date for determining eligible shareholders is Tuesday, June 23, 2026.

Tax Treatment

The dividend will be taxable in the hands of shareholders in Tax Year 2026-27 (April 1, 2026 to March 31, 2027). The company is required to deduct tax at source (TDS) at applicable rates while distributing dividends.

TDS Rates and Documentation Requirements

Resident Shareholders:

  • With PAN: 10% TDS, except for resident individuals where TDS won't apply if aggregate dividend during FY27 doesn't exceed ₹10,000
  • Without PAN/Invalid PAN: 20% TDS
  • Form 12I submission: NIL TDS (requires duly verified Form 12I with self-attested PAN copy)
  • Section 395(1) certificate: Rate as per certificate (requires lower/NIL withholding tax certificate from tax authority)
  • Mutual Funds: NIL TDS (requires self-declaration of exemption under Section 11 of Schedule VII)
  • Alternative Investment Funds (Category I/II): NIL TDS (requires self-declaration of exemption under Section 11 of Schedule V)
  • New Pension System Trust: NIL TDS (requires self-declaration qualifying as NPS trust)
  • Corporations under Central Act: NIL TDS (requires registration certificate showing exemption)

Non-Resident Shareholders:

  • FIIs/FPIs: 20% TDS plus applicable surcharge and cess (requires SEBI registration certificate)
  • Other Non-residents: 20% TDS plus applicable surcharge and cess
  • Tax Treaty Benefits: Rate as per applicable DTAA (requires PAN copy, Tax Residency Certificate, e-filed Form 41, self-declaration of treaty eligibility, and for Singapore residents, evidence of non-applicability of Article 24)

Submission Deadline

All documents must be submitted by 6:00 PM on Friday, June 26, 2026, either via email to compliance@thyrocare.com or through RTA MUFG Intime India Private Limited's Service Request Portal.

Additional Provisions

  • Rule 203 declaration required if dividend received by one person but assessable by another
  • Shareholders must ensure bank account details are updated in demat records for timely dividend credit
  • Company uses online functionality of Income-tax department for TDS determination
  • No claims against company for taxes deducted at higher rates
  • TDS credit visible in Form 168 for shareholders with valid PAN

Disclaimer

The communication explicitly states it is not tax advice and shareholders should consult tax professionals for their tax matters.