Key Quantitative Figures

  • Dividend Amount: Re 1 (Rupee One only) per equity share (50% on face value of Rs. 2/- each)
  • Financial Year: 2025-26
  • TDS Threshold for Resident Individuals: No TDS if aggregate dividend does not exceed Rs. 10,000 during the financial year

Parties Involved

  • Registrar and Transfer Agent: Maheshwari Datamatics Pvt. Ltd.
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Regulatory Reference: SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 and subsequent amendments

TDS Rates and Requirements

For Resident Members:

  • (a) No TDS if dividend ≤ Rs. 10,000: 0%
  • (b) With PAN (dividend > Rs. 10,000): 10%
  • (c) Without PAN/Invalid PAN: 20%
  • (d) Non-Linking of PAN and Aadhaar: 20%
  • (e) Submitting Form 121: 0% (for eligible individuals including those 60 years and older)
  • (f) Submitting Certificate under Section 395: Rate as per certificate
  • (g) Mutual Funds under Section 393(5): 0%
  • (i) Alternative Investment Funds (AIF): 0%
  • (j) New Pension System Trust: 0%
  • (k) Other exempted entities: 0%

For Non-Resident Members:

  • (a) Standard TDS: 20% (plus applicable surcharge and cess)
  • (b) FIIs/FPIs: 20% (plus applicable surcharge and cess)
  • (c) Other Non-residents: 20% OR Tax Treaty Rate (whichever is less)
  • (d) Certificate under Section 393/395: Rate as per certificate
  • (e) Notified Jurisdictional Area residents: 30% (plus applicable surcharge and cess)

Documentation Requirements

Resident members must submit: PAN, Form 121, self-declarations, and supporting documents through https://mdpl.in/login

Non-resident members must submit: PAN (if available), Tax Residency Certificate, Form 41, self-declaration of DTAA eligibility, SEBI registration certificate (for FPIs), and other jurisdiction-specific documents through https://mdpl.in/login

Financial Impact

  • The dividend payout amount is contingent on AGM approval
  • TDS will be deducted at source based on shareholder category and documentation provided
  • The company will not revise TDS returns once filed based on depository/RTA records

Important Provisions

  • Documents must be submitted once per financial year (2026-27) unless status changes
  • For joint holders, the first-named shareholder must furnish documents
  • The company reserves the right to reject incomplete or discrepant documents
  • Shareholders are responsible for any tax demands arising from misrepresentation
  • Previous submissions will not be considered; fresh documents must be submitted for FY 2026-27

Additional Information

  • Dividend payment will be electronic only as per SEBI mandate
  • Shareholders must update KYC details with RTA or depository participants
  • The communication is available on company website: www.titagarh.in