Please find enclosed the email communication sent to shareholders.
INDHOTEL · price
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Indian Hotels Company Limited (IHCL) has informed shareholders of a recommended dividend of ₹3.25 per equity share (325%) for FY ended March 31, 2026, subject to shareholder approval at the ensuing AGM. This includes a special dividend of ₹0.50 per share to commemorate the company's 125th AGM and exceptional gains during the year. Under the Income Tax Act, 2025 (amended by Finance Act, 2026), dividends are taxable in shareholders' hands, and the company will deduct TDS at source. For resident shareholders with valid PAN, TDS is 10%; without PAN or invalid PAN, it is 20%. Non-resident shareholders face 20% (plus surcharge and cess) or the DTAA rate, whichever is lower. Shareholders must submit relevant forms (Form 121, Annexures) and KYC documents by June 19, 2026 to enable appropriate TDS deduction. Dividends will be released only to KYC-compliant folios.
The recommended 325% dividend (including a special 50 paise component) signals strong financial performance in FY2026 and is positive for shareholder returns. Tax deduction procedures are standard compliance; shareholders should submit required documents promptly to avoid higher TDS deductions.