Communication to Shareholders - Intimation on Tax Deduction on Interim Dividend
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HB Portfolio Limited has informed shareholders about the tax deduction at source (TDS) process applicable on its recently declared interim dividend of Re. 1 per equity share (10% on face value of Rs. 10) for FY 2025-26. The dividend was declared on 11 November 2025 with a record date of 17 November 2025, and will be paid within 30 days electronically to eligible shareholders. The communication details TDS rates for various categories of shareholders — 10% for resident shareholders with valid PAN, 20% for insurance companies, and higher rates for non-filers or those with invalid PAN under Sections 206AA/206AB. Non-resident shareholders can avail DTAA benefits by submitting TRC, Form 10F, and a self-declaration by 26 November 2025. Shareholders holding shares in physical form have been reminded to update KYC details (PAN, nomination, bank account, specimen signature) as per SEBI's June 2025 master circular, failing which dividend payments will be withheld.
Shareholders eligible for the Re. 1 per share interim dividend should note the TDS implications and submit required documents (PAN, Form 15G/H, TRC, Form 10F for NRIs) by 26 November 2025 to avoid excess tax deduction or payment delays. Physical share holders must urgently update KYC with the RTA to ensure they receive their dividend.