Date: 3rd June, 2026

Dividend Declaration

The Board of Directors at its meeting held on 27th April, 2026 recommended a dividend of ₹240 per equity share (face value ₹10 each) for the financial year ended 31st March, 2026. This dividend is subject to approval at the ensuing annual general meeting and will be paid to equity shareholders as of the record date (to be announced).

TDS Procedures for Resident Shareholders

  • Tax will be deducted at source (TDS) under Section 393(1) [Table: S. No. 7] of the Income-tax Act, 2025 at 10% on the dividend amount.
  • No TDS will apply for individual resident shareholders if the aggregate dividend from the Company during Tax Year 2026-27 does not exceed ₹10,000.
  • No TDS will be deducted if shareholders provide a duly signed Form No. 121 (including individuals above 60 years) meeting eligibility conditions.
  • The CBDT has revised Form 121 with additional disclosures; shareholders must ensure all mandatory columns are completed.
  • Lower/NIL TDS applies to specific categories upon submission of self-declarations and supporting documents:
  • Insurance companies: Declaration that Section 393(4) [Table: S.No.10] applies, with self-attested registration certificate and PAN.
  • Mutual Funds: Declaration under Schedule VII [Table: Sl. No. 20 or 21] to section 11, with self-attested registration documents and PAN.
  • Alternative Investment Funds (AIF): Declaration of exemption under Schedule V [Table: Sl. No. 1] to section 11, established as Category I or II AIF under SEBI regulations, with self-attested registration documents and PAN.
  • New Pension System Trust: Declaration with evidence of exemption under Schedule VII (41) to Section 11 and self-attested PAN.
  • Recognized provident fund/Approved superannuation fund/Approved gratuity fund: Self-declaration of exemption under Schedule III [Table: S. No. 32] to section 11, with self-attested PAN and CIT approval.
  • Government, RBI, or certain corporations: No TDS required per Section 393(5).
  • Other shareholders: Declaration with evidence supporting exemption and self-attested PAN.
  • Shareholders with valid certificate under Section 395(1) for lower/nil deduction or exemption certificate from tax authorities.

TDS Procedures for Non-Resident Shareholders (including FIIs/FPIs)

  • TDS will be withheld under Section 393(2) [Table: S. No. 17] at 20% plus applicable surcharge and cess.
  • Non-resident shareholders can opt for Double Taxation Avoidance Agreement (DTAA) benefits if more beneficial, by providing:
  • Self-attested PAN card (if allotted).
  • Self-attested Tax Residency Certificate (TRC) valid for Tax Year 2026-27 (1st April 2026 to 31st March 2027).
  • Electronically filed Form 41 valid for 1st April 2026 to 31st March 2027 (mandatory under sections 159(1) and 159(2)).
  • Self-declaration of meeting treaty eligibility and beneficial ownership requirements valid for Tax Year 2026-27.
  • For FIIs/FPIs: Self-attested SEBI registration certificate.
  • For Singapore tax residents: Evidence demonstrating non-applicability of Article 24 (Limitation of Relief) under India-Singapore DTAA.
  • Application of DTAA rates depends on completeness and satisfactory review of documents by the Company.

General TDS Provisions

  • TDS will be deducted at 20% if PAN is not linked with Aadhaar as per Section 262 and Section 397(2).
  • The Company will use the Income Tax department's online functionality to check PAN-Aadhaar linkage status.
  • Summary of TDS rates:
  • NIL for resident individuals with dividend ≤ ₹10,000 or with valid Form 121 and PAN.
  • 10% for other resident shareholders with valid PAN.
  • 20% for resident shareholders without valid PAN or unlinked PAN-Aadhaar.
  • Assessed rate for non-residents based on documents submitted.
  • 20% plus surcharge and cess for non-residents without required documents.
  • Lower/NIL TDS with valid certificate under Section 395(1).
  • For shareholders holding shares under multiple accounts with different statuses but single PAN, the highest applicable tax rate will apply to the entire holding.
  • Under Rule 203 of Income Tax Rules 2026, if dividend income is assessable in the hands of someone other than the deductee, a declaration must be filed with the Company.
  • Refunds for excess TDS can be claimed while filing income tax returns; no claims lie against the Company.
  • Shareholders are responsible for indemnifying the Company against any demands arising from misrepresentation or omission of information.

Shareholder Update Requirements

  • Demat shareholders must update tax residential status, PAN, email address, mobile number, and other details with their depositories via depository participants.
  • Physical shareholders must furnish details to the Registrar and Transfer Agent, KFin Technologies Limited, via relevant ISR forms.
  • The Company will deduct TDS based on records from depositories (for demat shares) or RTA (for physical shares) as of the record date; no changes will be accepted later.
  • Required documents must be uploaded at https://ris.kfintech.com/form15 or emailed to einward.ris@kfintech.com or sharesutcl@adityabirla.com by 20th July 2026; no communications will be entertained after this date.
  • Bank account details must be updated with the Depository Participant (demat) or via Form ISR-1 with cancelled cheque and PAN (physical) to enable direct dividend credit.

Attached Forms and Declarations

The communication includes formats for:

  • Form No. 121: Declaration under section 393(6) for receipt of incomes without TDS (pre-filled with Company details in Part B).
  • Form No. 41: Information under section 159(8) for non-residents.
  • Self-declaration format for resident shareholders.
  • Self-declaration format for non-resident shareholders.

Disclaimer

The information provided is for general purposes and does not constitute legal or tax advice. Shareholders should consult their tax consultants for specific implications.