Yuken India Limited has communicated to shareholders regarding tax deducted at source (TDS) procedures for the upcoming dividend payment. This communication was sent to shareholders along with the notice of AGM and Annual Report, and is also available on the company's website at https://www.yukenindia.com/corporate-announcements/.

The Board of Directors at their meeting held on May 26, 2026 recommended a dividend of ₹1.50 per equity share (face value ₹10 each) for the financial year ended March 31, 2026. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting.

TDS Implementation

Pursuant to changes introduced in the Finance Act 2020 effective April 1, 2020, the company is required to withhold taxes at prescribed rates on dividend payments to shareholders. The withholding tax rate varies depending on the residential status of shareholders and documents submitted.

TDS Rates for Resident Shareholders

  • With valid PAN: 10% TDS
  • Without valid PAN/Invalid PAN: 20% TDS
  • Form 15G/15H submission: NIL TDS for individuals aged 60+ meeting certain conditions
  • Section 197 certificate: Rate provided in the order (lower/NIL withholding)
  • Exempt entities (LIC, GIC): NIL TDS upon providing documentary evidence
  • Section 196 entities (Mutual Funds, Government): NIL TDS with required documentation
  • Category I & II AIFs: NIL TDS with self-declaration of exemption under Section 10(23FBA)

No TDS will be deducted if total dividend to be paid to a resident individual shareholder in FY 2026-27 does not exceed ₹10,000.

TDS Rates for Non-Resident Shareholders

  • Standard rate: 20% plus applicable surcharge and cess
  • Tax Treaty rate: Lower rate as per applicable Double Tax Avoidance Agreement

Non-resident shareholders must submit specific documents to avail treaty benefits: Indian PAN (if available), Tax Residency Certificate for FY 2025-26, Form 10F, self-declaration for FY 2026-27, and any other prescribed documents.

Submission Requirements and Deadline

Shareholders must submit all required tax exemption forms and supporting documents through the shareholder web portal enabled with KFin Technologies Limited at https://ris.kfintech.com/form15/. The deadline for submission is August 28, 2026. No communications received after this date will be considered for the dividend payment.

Additional Provisions

  • Shareholders holding shares under multiple accounts with different status categories but single PAN will have the highest applicable tax rate applied to their entire holding
  • Residential status will be determined based on data available with the Company/RTA/Depository Participants
  • Shareholders may claim refunds through their income tax returns if higher TDS is deducted due to lack of documentation