Dividend Declaration

  • Final Dividend: ₹1.50 per share (on face value of ₹10 each)
  • Financial Year: 2025-26
  • Recommended by Board of Directors on May 19, 2026
  • Subject to shareholder approval at 39th Annual General Meeting
  • Payment timeline: Within 30 days from shareholder approval
  • Record Date: Wednesday, 16th September, 2026

TDS Framework

Pursuant to Income Tax Act, 2025, dividend income is taxable at shareholders' hands, requiring TDS deduction by company.

Resident Shareholders

  • Base TDS rate: 10% under Section 393(1) [Table 1 Sl. No. 7]
  • Exemption threshold: ₹10,000 aggregate dividend for individuals (non-cash payments)
  • Form 121 (Annexure-1) required for exemption claims
  • PAN-Aadhaar linkage mandatory; non-linked PANs subject to 20% TDS
  • Section 395 certificates accepted for lower/Nil rates if valid for tax year 2026-2027

Specific Resident Categories with Nil TDS

  • Insurance Companies: Require PAN, registration certificate, and Annexure-2 declaration
  • Mutual Funds: Must be specified under Schedule VII (Table Sl. No. 20 or 21) with Annexure-2
  • Alternative Investment Funds (AIF): Category I or II AIFs governed by SEBI with PAN, registration certificate, and Annexure-2
  • Recognized Provident Funds: Valid commissioner order or documentary evidence with Annexure-2
  • Approved Superannuation/Gratuity Funds: Valid commissioner approval with Annexure-2
  • National Pension Scheme: Documentary evidence with Annexure-2
  • Entities exempt under Schedule VII: Annexure-2 declaration
  • Corporations exempt from income-tax: Documentary evidence with Annexure-2
  • Clearing Members/Intermediaries: Rule 203 declaration (Annexure-3) with Appendix A
  • Other residents without PAN/Invalid PAN: 20% TDS rate

Non-Resident Shareholders

  • Base TDS rate: 20% plus applicable surcharge and cess under Section 393 [Table 2 Sl. No. 15 or 17]
  • DTAA benefits available if more beneficial
  • Required documents: PAN (if available), Tax Residency Certificate (TRC), e-filed Form 41 (Annexure-4), Annexure-5 declaration
  • DTAA rate application subject to document verification completeness
  • Section 395 certificates accepted for lower/Nil rates

Critical Dates and Procedures

  • Declaration submission deadline: Wednesday, 16th September, 2026 by 11:59 PM IST
  • Documents to be emailed to: tds@bigshareonline.com
  • No communications accepted post-deadline
  • Higher TDS deductions due to missing documentation will not generate claims against company
  • Shareholders responsible for indemnifying company against misrepresentation penalties
  • Dividend payment method: Electronic transfer to bank accounts per MCA Circular No. 20/2020

Annexures Included

  • Annexure 1: Form 121 for resident individuals
  • Annexure 2: Declaration for category and beneficial ownership
  • Annexure 3: Rule 203 declaration for clearing members
  • Appendix A: Details of shares held in client unpaid securities accounts
  • Annexure 4: Form 41 for non-resident shareholders
  • Annexure 5: Declaration for tax residency and beneficial ownership

Disclaimer

The communication is not tax advice. Shareholders should consult tax professionals and refer to Income Tax Act, 2025 provisions. Company facilitates dividend process information only.