Godrej Consumer Products Limited announced an interim dividend of ₹5 per equity share for FY 2026-27, with a record date of August 13, 2026. The company also provided detailed information on Tax Deducted at Source (TDS) provisions applicable to shareholders, outlining requirements for resident and non-resident individuals and entities to ensure correct tax application on dividend payouts.
Interim Dividend Declared
Godrej Consumer Products Limited (GCPL) has announced the declaration of an interim dividend for the Financial Year 2026-27. The Board of Directors, in a meeting held on August 7, 2026, approved an interim dividend of ₹5/- (Rupees Five Only) per Equity Share. The record date for determining the entitlement of shareholders to this dividend has been set for Thursday, August 13, 2026.
Tax Deduction at Source (TDS) Provisions
In accordance with the Income Tax Act, dividend payments are taxable. GCPL will be required to deduct tax at source (TDS) at applicable rates upon dividend payment. Shareholders are requested to update their details, including PAN, Aadhaar number (for individuals), and residential status, with the Company’s Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, by August 13, 2026. This ensures accurate TDS applicability.
Resident Shareholders – Individuals
For resident individual shareholders, TDS will be deducted at 10% on the dividend amount if a valid PAN is provided. If PAN is not submitted or is invalid, TDS will be deducted at 20%. However, no TDS will be deducted if the total dividend distributed does not exceed ₹10,000/- or if the shareholder provides a written declaration in the prescribed Form 121.
Resident Shareholders – Other Than Individuals
Certain resident non-individual shareholders, such as Insurance Companies, Mutual Funds, and Alternative Investment Funds (AIFs), may be eligible for Nil rate TDS if they submit sufficient documentary evidence to the Company, including self-declarations, PAN copies, and relevant registration certificates. Specific requirements are detailed for each category.
Non-Resident Shareholders or Foreign Companies
Non-resident shareholders and foreign companies will be subject to withholding tax at the applicable rates, typically 20% (plus surcharge and cess), as per Section 393 of the Income Tax Act. Non-residents may opt for beneficial Double Tax Avoidance Agreement (DTAA) rates if applicable, by submitting relevant documentation such as a Tax Residency Certificate (TRC) and a declaration of having no Permanent Establishment in India.
Mandatory Document Upload
Shareholders are required to upload the necessary documents to determine the appropriate TDS rate applicability via the RTA’s portal at https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html no later than Thursday, August 13, 2026. No requests for revision of TDS returns will be entertained thereafter. The company emphasizes that no claim shall lie against GCPL for taxes once deducted, and shareholders may claim refunds, if eligible, at the time of filing their income tax returns.
Source: BSE
