Route Mobile543228Dividend news update

TDS process for ₹4 second interim dividend explained to shareholders

TDS process for the ₹4 per share (40%) second interim dividend for FY 2026-27 has been e-mailed to shareholders.

By ScoutQuest · Wed 28 Oct 2026, 6:21 PM IST · 2 min read

40%Dividend as a percentage of face value

Dividend as a percentage of face value: 40%.

Dividend per share: ₹4 per share (40%) second interim dividend for FY 2026-27
Record date: Nov 2, 2026
Payment date: on or after Nov 17, 2026

The Board of Directors, in its meeting held on October 27, 2026, declared a second interim dividend of ₹ 4 per equity share (40%) on a nominal value of ₹ 10 each for FY 2026-27.
Record date: Monday, November 02, 2026 — shareholders whose names appear in the register of members on that date receive the dividend, whether shares are held in electronic or physical form.
Payment: on or after Tuesday, November 17, 2026.

Dividend is taxable in the hands of shareholders, so the company deducts tax at source (TDS) when paying it.
10% TDS for resident shareholders with a valid PAN updated in the company's register of members, with no document needed if no exemption is sought.
20% where PAN is not available or not valid, where the shareholder is a specified person under Section 397(2), or where PAN is not linked with Aadhaar.
No TDS for resident individual shareholders whose total dividend for Tax Year 2026-27 does not exceed ₹ 10,000, and where Form 121 conditions are met.
Non-resident shareholders, including FIIs and FPIs: 20% plus applicable surcharge and cess, or the tax treaty rate, whichever is beneficial, subject to documents such as SEBI registration, Tax Residency Certificate, Form 41 and self-declarations.

Form 121 and other tax documents must be uploaded by 5:00 P.M. (IST) on Monday, November 02, 2026; communication received after that will not be considered.
A lower or nil tax deduction certificate from the Income Tax Department can also be submitted, with TDS then at the rate specified in the certificate.
A TDS certificate will be e-mailed after processing; the credit can also be seen in Form 168.

PAN, KYC and nomination details should be updated with the depository participant for demat holdings, or with KFin Technologies Limited (registrar) for physical holdings.
Dividend payments will be made in electronic mode only; no payable-at-par warrants, cheques or drafts will be issued.
If tax is deducted at a higher rate because documents were not received or were incomplete, the shareholder can claim a refund in the income-tax return.

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