Shareholder communication on TDS applicable to final dividend of ₹ 0.50 per share

The company has written to shareholders about tax deduction on the recommended final dividend of 50% (₹ 0.50 per equity share of face value ₹ 1/-) for FY 2025-26.

Tue 29 Sep 2026

Final Dividend

50% (₹ 0.50 per equity share of face value ₹ 1/-)

TDS Rate - Resident with Valid PAN linked to Aadhaar

10%

TDS Rate - No PAN/Invalid/Inoperative PAN

20%

No TDS Threshold

₹ 10,000 in tax year or Form 121 submitted

Document Submission Deadline

04th October 2026

What was shared

The company sent shareholders a communication on tax deduction at source (TDS) applicable to the final dividend.

The dividend

• Final dividend recommended by the Board on 12th May 2026: 50%, i.e. ₹ 0.50 per equity share of face value ₹ 1/- each, for financial year 2025-26.

Resident shareholders

• Valid PAN linked with Aadhaar: TDS at 10% on the dividend amount.
• PAN not available, invalid, or not linked with Aadhaar: TDS at the higher rate of 20%.
• No TDS for a resident individual if total dividend during the tax year does not exceed ₹ 10,000, or if Form No. 121 (erstwhile 15G/H) is duly submitted and accepted.
• Specified resident non-individuals such as mutual funds, insurance companies and government entities may receive dividend without TDS on submitting registration certificates and declarations.

Non-resident shareholders

• Tax deducted at rates in force under the Income-tax Act, 2025.
• Treaty (DTAA) benefit may be claimed by furnishing PAN, Tax Residency Certificate, Form No. 41 (erstwhile 10F) shared online, beneficial ownership and No Permanent Establishment declarations, and SEBI registration copy for FPIs/FIIs. Singapore residents need evidence on Article 24.
• Applying a beneficial treaty rate depends on the company's satisfactory review of documents.

Deadline and process

• Scanned, duly signed documents must reach RTA KFin Technologies at einward.ris@kfintech.com on or before 04th October 2026.
• Changes in residential status must also be updated with the RTA or depository participants by the same date.

Housekeeping for shareholders

• Demat holders should update PAN, tax residential status, email, mobile and bank details (9-digit MICR, 11-digit IFSC) with their depository participant; physical holders should complete KYC with the RTA.
• All dividend payments will be made in electronic mode only; no warrants, cheques or drafts.
• Failure to update KYC or bank details will result in the dividend being withheld.
• If tax is deducted at a higher rate for want of documents, a shareholder may still claim a refund by update an income tax return.

This is a procedural shareholder communication linked to the dividend payout process.

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