Date: June 17, 2026

Dividend Declaration

  • The Board of Directors recommended a dividend of 20% per equity share of INR 10 each, amounting to INR 2 per share for the financial year ended March 31, 2026.
  • Dividend declaration was approved at the board meeting held on May 20, 2026.

Tax Deduction at Source Procedures

Resident Shareholders

  • No TDS deduction if dividend income during Tax Year 2026-27 does not exceed INR 10,000 for resident individuals
  • 10% TDS rate for resident shareholders with valid PAN
  • 20% TDS rate for resident shareholders without valid PAN or with invalid PAN
  • Exemptions available for: Insurance companies (NIL rate), Corporations established by Central Act (NIL rate), Mutual Funds (NIL rate), Alternative Investment Funds Category-I and II (NIL rate)
  • Documentation requirements: Valid PAN registration, Unified Form 121 (corresponding to Form 15G/15H), lower withholding tax certificates under Section 395

Non-Resident Shareholders

  • 20% TDS rate or applicable Tax Treaty rate, whichever is lower (plus applicable surcharge and cess)
  • Required documents: Tax Residency Certificate (valid for TY 2026-27 or calendar year 2026), self-declaration confirming no Permanent Establishment in India, electronically filed Form 41 (corresponding to Form 10F)
  • TDS will be recovered at 20% (plus surcharge and cess) if required documents are not provided

Important Deadlines and Procedures

  • Last date for submission of tax-related documents: July 13, 2026, by 5:00 PM
  • Documents can be submitted online at https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html or emailed to tds@xproindia.com
  • Originally signed documents must be submitted to MUFG Intime India Private Limited at C 101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai-400083
  • Company TAN: CALX00037C

Additional Requirements

  • Valid PAN registration is mandatory for all shareholders
  • Shareholders with multiple accounts under single PAN will be taxed at the highest applicable rate
  • Dividend payments to physical shareholders will be made only through electronic mode effective April 1, 2025, requiring PAN, contact details, bank account details, and specimen signature
  • TDS certificates will be emailed to shareholders' registered email IDs

Forms and Documentation

  • Form 121: Declaration under section 393(6) for receipt of incomes without deduction of tax
  • Self-declaration form for non-resident shareholders claiming tax treaty benefits
  • Both forms require detailed personal information, income estimates, and tax residency details