The Indian Hotels Company Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
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The Indian Hotels Company Limited (IHCL) has notified shareholders about TDS on dividend for FY 2026-27. The Board has recommended a dividend of ₹ 3.25 per equity share of ₹ 1 each (325%) for FY ended March 31, 2026. This includes a special dividend of ₹ 0.50 per share to commemorate the company's 125th AGM and exceptional gains during the year. Dividend payment is subject to shareholder approval at the ensuing AGM. For resident shareholders with valid PAN, TDS will be deducted at 10%; without PAN or with inoperative PAN, the rate is 20%. No TDS applies if annual dividend to resident individuals does not exceed ₹ 10,000. Non-resident shareholders face 20% tax (plus surcharge and cess) or DTAA rate, whichever is lower. Required documents including Form 121 must be submitted by June 19, 2026 to claim lower TDS rates.
Shareholders, especially those with multiple folios or non-resident status, must ensure PAN-Aadhaar linking and submit tax forms before June 19, 2026 deadline to avoid higher TDS deductions. The special dividend signals strong financial performance driven by exceptional gains.