Key Quantitative Figures

The Board of Directors declared an Interim Dividend at the rate of 110% i.e. ₹11 per equity share of face value ₹10 each for the financial year 2026-2027.

Parties Involved

  • Registrar & Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd (CDSL)
  • Regulatory Authorities: SEBI, Income Tax Authorities

TDS Procedures for Resident Shareholders

  • TDS deducted at 10% under Section 393(1) [Table: SI. No.7] read with Section 393(4) [Table SI. No. 10] of Income Tax Act, 2025 if valid PAN is registered
  • TDS deducted at 20% under Section 397(2) if valid PAN is not registered or not linked to Aadhar
  • No TDS if aggregate dividend during Tax Year 2026-27 does not exceed ₹10,000 for resident individuals
  • No TDS if valid Form 121 is provided (replacing erstwhile 15G/15H forms)

Categories Eligible for NIL/Lower TDS (Resident)

  • Insurance companies under Section 2(7A) of Insurance Act, 1938
  • Mutual Funds eligible under Schedule VII (Table: SI. No. 20 or 21) of section 11
  • Alternative Investment Fund (AIF) established in India under Schedule V [Table: SI. No. 1] of Section 11
  • New Pension System Trust
  • Other shareholders with valid exemption evidence
  • Shareholders with valid certificate under Section 395(1) for lower/nil rate

TDS Procedures for Non-Resident Shareholders

  • Tax withheld at 20% plus applicable surcharge and cess under Section 393(2) [Table Sl. No 17] read with section 207(1) [Table Sl. No. 1]
  • Option to avail Double Tax Avoidance Agreement (DTAA) benefits under Section 159 if more beneficial

Documents Required for Non-Residents for DTAA Benefits

  • Self-attested copy of PAN card (if allotted)
  • Self-attested copy of Tax Residency Certificate (TRC)
  • Form 41 filed online with acknowledgment from income tax portal
  • Self-declaration of treaty eligibility and beneficial ownership requirement
  • SEBI registration certificate for FIIs/FPIs
  • Additional evidence for Singapore tax residents regarding Article 24 limitation

Submission Process

  • All documents must be submitted as scanned copies only
  • Submission portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • No documents accepted through any other mode of communication or email ID
  • Forms available on company website: https://www.transworld.com/transworld-shipping-lines/investor-downloads/

Shareholder Record Updates

Shareholders requested to update tax residential status, PAN, registered email addresses, mobile numbers and other details with their depositories through depository participants or with MUFG Intime Private Limited for physical shares before Record Date (13th November 2026).

Financial Impact

The interim dividend payout represents a cash outflow to shareholders, with TDS deductions reducing the net amount received by shareholders based on their tax status and documentation provided.

Disclaimer

The communication explicitly states it shall not be treated as tax advice from the Company or its RTA, and shareholders should obtain tax advice from tax professionals.