Dividend Details

  • Dividend Type: Final Dividend
  • Amount: ₹5.00 per equity share of face value ₹2 each (250%)
  • Financial Year: 2025-26
  • Board Approval Date: May 21, 2026
  • Shareholder Approval Required: At the 31st Annual General Meeting
  • AGM Date: Wednesday, August 12, 2026
  • Record Date: Friday, July 17, 2026 (for determining eligibility)
  • Payment Date: On or before September 10, 2026 (if approved)

Tax Deduction at Source (TDS) Provisions

  • Dividend income taxable in shareholders' hands effective April 1, 2020 under Income-Tax Act, 2025 as amended by Finance Act, 2026
  • Detailed communication sent to all members with registered email IDs regarding TDS exemption process

TDS Procedures for Resident Shareholders

  • TDS @ 10% on dividend exceeding ₹10,000 in a financial year (for resident individuals with valid PAN)
  • TDS @ 20% if valid PAN not registered
  • Threshold limit of ₹10,000 applicable only to resident individual shareholders
  • Other resident categories subject to TDS without threshold limit
  • Form No. 121 required for claiming exemption from TDS (for non-taxable resident individuals)
  • PAN must be linked with Aadhaar to avoid 20% TDS rate
  • Lower or Nil TDS deduction certificates under Section 395(1) accepted
  • Mutual funds, insurance companies, NPS Trust eligible for Nil TDS subject to valid documentation

TDS Procedures for Non-Resident Shareholders

  • TDS @ 20% (plus applicable surcharge & cess) or Tax Treaty rates, whichever is lower
  • Required documents for treaty benefits: No Permanent Establishment declaration, Beneficial Ownership Declaration, Tax Residency Certificate, Form 41
  • Previous tax exemption forms not valid for current dividend - fresh submission required

Submission Deadlines and Procedures

  • Deadline for all TDS-related documents: Monday, July 20, 2026 by 11:59 PM IST
  • Submission methods: Email to companysecretary@wabag.in or investor@cameoindia.com
  • Online submission portal: https://investors.cameoindia.com
  • Physical submissions to RTA: Cameo Corporate Services Ltd, Unit: VA TECH WABAG LIMITED, "Subramanian Building" No. 1 Club House Road, Chennai 600 002
  • Documents require self-attested PAN copy and complete KYC details
  • SEBI Master Circular mandates electronic dividend payments requiring PAN, contact details, bank account information, and specimen signature for physical folio holders

Additional Important Information

  • For multiple accounts under single PAN, highest applicable tax rate will be applied to entire holding
  • For joint shareholding, tax rates based on primary beneficial shareholder's status
  • Entities holding shares as custodians must declare beneficial owner details by July 20, 2026 deadline
  • Tax credit viewable in Form 26AS on Income Tax department portal
  • Shareholders indemnify company against any tax demands arising from misrepresentation or omission of information
  • The company will use online functionality of Income-tax department for PAN status verification