Sudarshan Chemical Industries Limited has announced that its Board of Directors has recommended a final dividend of ₹5.00 per equity share (250%) for the Financial Year 2025-26. This recommendation is subject to shareholder approval at the upcoming 75th Annual General Meeting on August 18, 2026. The company has also provided detailed information regarding Tax Deduction at Source (TDS) applicable to dividends, including necessary forms and procedures for both resident and non-resident shareholders.
Sudarshan Chemical Industries Proposes Final Dividend
Sudarshan Chemical Industries Limited has formally communicated a significant update regarding its financial returns to shareholders. At a meeting held on May 25, 2026, the Board of Directors recommended a final dividend of ₹5.00 per equity share. This represents a 250% payout on shares with a face value of ₹2.00 each, pertaining to the Financial Year ended March 31, 2026. The dividend proposal is contingent upon the approval of the company’s shareholders during the 75th Annual General Meeting (AGM), which is scheduled to take place on Tuesday, August 18, 2026.
TDS on Dividend Payments Explained
In conjunction with the dividend recommendation, Sudarshan Chemical Industries has also detailed the procedures for Tax Deduction at Source (TDS) on dividend payments. An email communication has been dispatched to all shareholders whose email addresses are registered with the company. This communication elaborates on the withholding tax process at the prescribed rates, along with relevant annexures. The information is also available on the company’s website at www.sudarshan.com.
Key Dates and Shareholder Actions
The Record Date, which will determine the eligibility of shareholders for the dividend payout, has been fixed as Tuesday, August 11, 2026. The company anticipates that the final dividend, if approved at the AGM, will be paid on or before September 8, 2026. Shareholders are advised to ensure their residential status is correctly updated with their Depository Participant or Registrar and Share Transfer Agent, as the applicable TDS rate varies for resident and non-resident shareholders. Specific forms, such as Form 121 for resident shareholders and declarations for non-resident shareholders, are required to be submitted by Tuesday, August 11, 2026, to avail of appropriate TDS rates or exemptions.
Important Information for Shareholders
The communication emphasizes that incomplete or unsigned forms submitted after August 11, 2026, will not be considered. Shareholders are also reminded that tax credit for TDS deducted can be viewed on TRACES or the e-filing website of the Income Tax Department. In cases of higher TDS deduction due to missing documentation, shareholders may claim a refund by filing their Income Tax Return. The company also highlighted the mandatory requirement for shareholders to update their bank account details for electronic dividend payments, with specific instructions for demat and physical holdings.
Source: BSE
