Intimation regarding Communication to Shareholders on Deduction of Tax at Source (TDS) on Dividend
Awaiting price reaction for this filing.
The company has informed shareholders about the tax deduction process on the final dividend recommended for FY 2025-26. The Board, at its meeting on May 27, 2026, recommended a final dividend of ₹0.50 per equity share (face value ₹2 each), subject to shareholder approval at the upcoming AGM. The record date for eligibility is June 19, 2026. The communication outlines TDS rates of 10% for resident shareholders with a valid PAN and 20% if PAN is missing or inoperative, along with detailed exemption procedures and documentation requirements. Non-resident shareholders will face a 20% TDS plus applicable surcharge/cess, subject to lower rates under Double Taxation Avoidance Agreements if proper documents are submitted. Shareholders have been asked to update PAN, bank, and contact details with their depositories or the company's registrar.
This is a routine procedural filing relating to an already-recommended dividend of ₹0.50 per share. No new financial action is announced, so direct share price impact is minimal. Shareholders should ensure their PAN and other details are updated by the record date (June 19, 2026) to avoid the higher 20% TDS deduction. Dividend payments will be made electronically only, in line with SEBI's November 2025 notification.