Second interim dividend of Rs. 7.5 per share; tax at source, record date October 23, 2026
Second interim dividend for FY 2026-27 of Rs. 7.5 per equity share (face value Re. 1).
By ScoutQuest · · 2 min read
- Dividend per share
- Rs. 7.5 per equity share
- Face value
- Re. 1
- Record date
- Oct 23, 2026
Second interim dividend declared
The Board of Directors, at its meeting held on October 15, 2026, declared a second interim dividend for the financial year 2026-27 of Rs. 7.5/- per equity share of face value Re. 1/- each. The communication to shareholders explains how tax will be deducted at source from this dividend.
Record date and payment mode
- Record date: Friday, October 23, 2026.
- The dividend will be paid after deducting tax at source at the prescribed rates under the Income-tax Act, 2025.
- Payment will be made only through electronic mode; no dividend warrants or cheques will be issued.
- Bank details must be completed or updated with the Depository Participant (for demat holdings) or with the Registrar and Transfer Agent, MUFG Intime India Private Limited, for physical holdings, on or before the record date.
Tax rates for resident shareholders
- Valid PAN: 10%
- Without PAN or invalid PAN: 20%
- Inoperative PAN: 20% (PAN must be linked with Aadhaar)
- Submitting Form 121: NIL
- Certificate under Section 395(1): rate provided in the certificate (lower or NIL)
- Insurance company as specified under Sec 393(4): NIL
- Mutual Fund specified under Schedule VII: NIL
- Category I & II Alternative Investment Fund established in India: NIL
- New Pension System (NPS) Trust: NIL
For resident individuals, no tax is deducted if the total dividend to be paid in a tax year does not exceed Rs. 10,000, taking into account all dividend payments made by the company during the financial year.
Non-resident shareholders
- Applicable rate: 20% (plus applicable surcharge and cess) OR the tax treaty rate, whichever is lower.
- To apply the tax treaty rate, documents required include PAN (if available), a valid Tax Residency Certificate, and Form 41 in electronic format, along with confirmation on tax residency and beneficial ownership.
- The company is not obligated to apply beneficial tax treaty rates; this depends on the completeness of the documents submitted and review to the company's satisfaction.
What shareholders need to do
- Upload declarations and supporting documents on the RTA's dedicated portal on or before Friday, October 23, 2026; documents sent through any other mode or link will not be considered valid.
- Incomplete, unsigned or unverified forms will not be accepted.
- Where shares are held in multiple accounts under different status or category with a single PAN, the higher of the applicable tax rates will be applied on the entire holding.
Other points from the communication
- If tax is deducted at a higher rate, a shareholder may file a return of income and claim an appropriate refund, if eligible.
- TDS credit can be seen in Form 168, downloadable from the e-update account.
- The company states that no claim shall lie against it for such taxes deducted, and its decision on tax deduction shall be final.
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More numbers
- Second interim dividend per equity shareRs. 7.5/-
- Face value per equity shareRe. 1/-
- TDS rate for resident shareholders with valid PAN10%
- TDS rate without PAN or with invalid PAN20%
- TDS rate on inoperative PAN20%
- TDS rate for non-resident shareholders20% (plus applicable surcharge and cess)
- No TDS for resident individuals up to total yearly dividendRs. 10,000
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