Ramkrishna Forgings Limited has announced its 1st interim dividend of Rs. 2.00 per equity share (100% of face value) for the financial year 2026-27. The dividend will be paid within 30 days of the Board meeting held on October 30, 2026, with a record date of November 6, 2026. The communication details the Tax Deduction at Source (TDS) applicable on this dividend payout, outlining requirements for shareholders to update their PAN and residential status to comply with income tax regulations.
Ramkrishna Forgings Declares Interim Dividend
Ramkrishna Forgings Limited has announced the declaration of its 1st interim dividend for the financial year 2026-27. The Board of Directors, in their meeting held on October 30, 2026, approved an interim dividend of Rs. 2.00 per equity share, which is equivalent to 100% of the face value of Rs. 2.00 per share.
Key Dates and Payment Details
The dividend payout is scheduled to occur within 30 days from the date of the Board meeting. The company has set the Record Date for the purpose of this interim dividend as Friday, November 6, 2026. Shareholders will be entitled to receive this dividend through electronic mode, based on their updated bank mandates.
Tax Deduction at Source (TDS) Provisions
In compliance with the Income Tax Act, 2025, dividend income is taxable for shareholders. Consequently, Tax Deduction at Source (TDS) will be applied to the dividend payout at prescribed rates. The TDS rate is subject to the shareholder’s residential status and any exemptions they may be eligible for, provided documentary requirements are met.
Shareholders are strongly advised to update their Permanent Account Number (PAN) with the Company and its Registrar and Transfer Agent, KFin Technologies Limited, or with their respective Depositories and Depository Participants if shares are held in demat form. This is crucial for accurate TDS calculation and application.
Shareholder Requirements for TDS
For resident individuals, no TDS will be deducted if the total dividend income for FY 2026-27 does not exceed Rs. 10,000. Resident individuals can also provide Form 121 (erstwhile Form 15G/15H) if eligibility conditions are met, to avoid TDS. Shareholders are requested to confirm their residential status and provide their valid PAN and other relevant details by November 6, 2026. Non-resident shareholders will have specific TDS rates applied, potentially adjusted under Double Taxation Avoidance Agreements (DTAA) if required documents are submitted.
The company emphasizes that the information provided is a summarized view of the law and shareholders should consult their tax advisors for personalized advice. The company will not be liable for any taxes deducted. Shareholders can view TDS credit in Form 168 via their e-filing account. Updates to email IDs, phone numbers, and bank details are also requested through the RTA portal by November 6, 2026.
Source: BSE
