The Great Eastern Shipping Company Limited has announced the declaration of an interim dividend of ₹14.40 per equity share for the financial year 2026-27. Shareholders will receive this dividend after the deduction of applicable Tax Deducted at Source (TDS). The company has outlined detailed procedures and required documents for both resident and non-resident shareholders to claim any applicable reliefs under the Income-tax Act and Double Taxation Avoidance Agreements. The deadline for submitting necessary documentation is August 7, 2026.
Interim Dividend Declared
The Board of Directors of The Great Eastern Shipping Company Limited has declared an interim dividend of ₹14.40 per equity share for the financial year 2026-27. This dividend payout will be subject to the deduction of Income-tax at source (TDS) as per the provisions of the Income-tax Act, 2025.
TDS on Dividend for Resident Shareholders
For resident individual shareholders holding a valid Permanent Account Number (PAN) linked with Aadhar, income-tax will be deducted at source at 10% on the dividend amount, as per section 393(1) of the Income-tax Act. However, TDS will not be deducted if the total dividend paid to an individual in the tax year does not exceed ₹10,000, or if the shareholder (under 60 years) submits a duly filled and signed Form No. 121, provided the dividend does not exceed the non-taxable limit. Shareholders aged 60 years or more also need to provide a duly filled and signed Form No. 121.
If the PAN is unavailable or invalid, TDS will be deducted at a higher rate of 20% plus surcharge and education cess.
Income tax will not be deducted on dividends payable to resident non-individuals (such as Insurance Companies, Alternative Investment Funds, and Mutual Funds) if they provide specific documents and declarations on or before August 7, 2026. These documents include self-attested copies of PAN cards, registration certificates, and self-declarations regarding beneficial interest or exemption status.
TDS for Non-Resident Shareholders
For non-resident shareholders, tax will be deducted at source according to the applicable rates in force under the Income-tax Act. Non-residents opting for benefits under a Double Tax Avoidance Treaty (DTAA) must submit required documents, including PAN, Tax Residency Certificate (TRC), and relevant self-declarations (Form No. 41, eligibility for treaty benefit, and No Permanent Establishment declaration), to the company’s Registrar and Share Transfer Agents (RTA), KFin Technologies Limited, on or before August 7, 2026.
Updation of Shareholder Details
Shareholders are strongly advised to update their KYC details, including tax residential status and PAN, with the company’s RTA, KFin Technologies Limited, on or before August 7, 2026. Failure to update these details may result in the dividend being withheld. All dividend payments will be made electronically.
Shareholders are requested to email scanned copies of all required documents to [email protected] and KFin Technologies Limited at [email protected] by the deadline of August 7, 2026. The company will not entertain any communication regarding tax determination or deduction after this date.
The company also reminds shareholders that linking their PAN with their Aadhar number is mandatory for all individual taxpayers.
TDS Certificate
A soft copy of the TDS certificate will be emailed to the shareholder’s registered email ID after the interim dividend payment. Shareholders can also access the credit of TDS on their e-filing accounts on the income tax portal.
Disclaimer: This communication is for informational purposes and does not constitute tax advice. Shareholders are advised to consult with a tax professional for advice related to their tax matters.
Source: BSE
