Company Disclosure: Dividend TDS Procedures

Dividend Details

  • Dividend Amount: ₹7.75 per equity share (face value of ₹1 each)
  • Type: Final Dividend for FY ended March 31, 2026
  • Board Approval Date: May 08, 2026
  • Shareholder Approval Required: At 24th Annual General Meeting scheduled for Monday, September 28, 2026
  • Record Date: Monday, September 21, 2026 (close of business hours)
  • Payment Date: On or after Tuesday, September 29, 2026 (if approved)

TDS Framework

Under Income-tax Act, 2025, dividend is taxable in shareholders' hands for Tax Year 2026-27, requiring TDS deduction at applicable rates:

Resident Shareholder TDS Rates

  • Valid PAN: 10% TDS (unless dividend ≤ ₹10,000 for individual shareholders)
  • No/Invalid PAN: 20% TDS
  • PAN not linked with Aadhaar: 20% TDS (treated as inoperative PAN)
  • Form 121 submission: Nil TDS for eligible resident individuals
  • Specific exemptions: Nil TDS for entities under Schedule VII (Table: Sl. No. 20 or 21), section 393(4) (Table: Sl. No. 10), section 393(5), Category I & II AIFs, and other exempt entities

Non-Resident Shareholder TDS Rates

  • Default rate: 20% plus applicable surcharge and cess
  • Tax Treaty benefit: Lower of 20% or Treaty Rate* (subject to documentation)
  • No Tax Treaty country: 30% TDS
  • Specific categories: Varying rates for Category III IFSC Funds (10%), FPIs Category I (10% with PAN), Sovereign Wealth Funds (NIL), ADIA subsidiaries (NIL)
  • Lower/NIL certificate: Rate specified in certificate under section 395

Documentation Requirements

All documents must be submitted by Tuesday, September 22, 2026, 1900 hours IST via:

  • Online portal: https://ris.kfintech.com/form15
  • Email to: complianceofficer@manyavar.com with copy to einward.ris@kfintech.com
  • Physical documents to KFin Technologies Limited, Hyderabad address

Required documents include PAN, Form 121, TRC, Form 41, SEBI registration certificates, various self-declarations (Annexures A-I), and supporting evidence based on shareholder category.

Additional Provisions

  • TDS determination subject to verification of shareholder details as on Record Date
  • Higher rate applies for incomplete/ambiguous documentation
  • PAN mandatory - 20% TDS without valid PAN
  • Category determination based on PAN fourth letter
  • Shareholders responsible for any tax demands from misrepresentation
  • TDS certificates will be provided electronically

KYC Requirements for Physical Shareholders

Per SEBI Master Circular dated February 6, 2026, physical shareholders must update:

  • PAN, postal address with PIN, mobile number, bank account details, specimen signature
  • Required forms: ISR-1, ISR-2, SH-13, ISR-3, SH-14
  • Deadline: September 22, 2026 for electronic dividend payment