Date: 17th July, 2026

Dividend Declaration

  • The Board of Directors recommended a final dividend of ₹22.00 per equity share (face value ₹2 each) for FY 2025-26 at its meeting held on 20th May, 2026.
  • Dividend payment is subject to shareholder approval at the Annual General Meeting scheduled for 24th August, 2026.
  • Record date for determining eligible shareholders is 17th July, 2026.
  • Dividend will be paid electronically to shareholders' bank accounts.

TDS Provisions for Resident Shareholders

  • 10% TDS under Section 393(1) [Table: S.No.7] read with section 393(4) [Table Sr. no. 10] of Income-tax Act, 2025, if valid PAN is provided.
  • 20% TDS if PAN is not provided/registered/inoperative/invalid under section 393(1) [Table: Sl. No. 7] read with section 397(2).
  • No TDS if aggregate dividend during FY does not exceed ₹10,000 (for individuals only).
  • No TDS if shareholder provides Form 121 (replaces Form 15G/15H) meeting eligibility conditions.
  • No TDS if shareholder provides exemption certificate issued by Income-tax Department.

TDS Provisions for Resident Non-Individual Shareholders

Nil TDS rate applicable for specific entities upon submitting self-declaration and supporting documents:

  • Insurance companies with full beneficial interest
  • SEBI-registered Mutual Funds notified under section 393(5)
  • Category I or Category II Alternative Investment Funds (AIF)
  • New Pension System Trust
  • Corporations established under Central Act governed by section 196
  • Entities exempt under Schedule V of IT Act
  • Beneficial owners not subject to TDS under Section 393(4)
  • Government, RBI and entities covered under section 393(5)
  • Other non-individual shareholders with supporting exemption evidence
  • Shareholders with valid certificate under section 395 for lower/nil deduction

TDS Provisions for Non-Resident Shareholders

  • 20% TDS plus applicable surcharge and cess under Section 393(2) [Table Sl. No 17] read with section 207(1) [Table Sl. No. 1].
  • Lower/NIL withholding if certificate issued under Section 393/395 is provided.
  • Option to avail DTAA benefits if more beneficial, requiring submission of:
  • PAN details or Rule 217 requirements (name, email, contact, address, TRC, TIN)
  • Tax Residency Certificate (TRC) for April 2026-March 2027
  • Electronically generated Form 41 from income tax portal
  • Self-declaration meeting DTAA eligibility and beneficial ownership requirements
  • For FPIs: SEBI registration certificate and investment route declaration
  • For Singapore residents: evidence demonstrating non-applicability of Article 24 of India-Singapore DTAA
  • 30% TDS plus surcharge and cess for shareholders from Notified Jurisdictional Areas under section 176.

Submission Requirements and Deadlines

  • All tax-related documents (Form 121, self-declarations, certificates) must be submitted to RTA Maheshwari Datamatics Private Limited at contact@mdplcorporate.com by 19th August, 2026.
  • Documents received after cutoff date will be accepted at Company's sole discretion.
  • Shareholders with multiple accounts under different status/category will have higher applicable tax rate applied to entire holding.

KYC and Bank Details Update

  • Demat shareholders must update PAN, residential status, email, mobile number, and bank details with their depository participants.
  • Physical shareholders must furnish details to RTA Maheshwari Datamatics Private Limited.
  • All dividend payments will be made electronically only as per SEBI Notification No. SEBI/LADNRO/GN/2025/273 dated November 18, 2025.
  • Failure to update bank details will result in non-payment of dividend.
  • Physical shareholders without updated PAN, contact details, mobile number, bank details, or specimen signature must complete KYC before availing any services.

RTA Contact Information

Maheshwari Datamatics Private Limited

Unit: Veedol Corporation Limited

23, R N Mukherjee Road, 5th Floor, Kolkata - 700 001

Additional Resources

Available for download from company website:

  • Form 121 and FAQs
  • Self-declaration forms for non-resident shareholders (as per rule 217)
  • Non-resident tax declaration form
  • Resident tax declaration form
  • FAQs on Form 41