Godfrey Phillips India has announced an interim dividend of ₹17 per share for the financial year ending March 31, 2026. The dividend was declared by the Board of Directors at their meeting held on November 3, 2025. The company has outlined the tax deduction at source (TDS) implications for shareholders and the necessary documentation required.
Interim Dividend Details
The Board of Directors of Godfrey Phillips India declared an interim dividend of ₹17 per equity share (face value of ₹2 each) for the financial year ending March 31, 2026. The dividend will be paid to shareholders holding equity shares of the company either electronically or in physical form, based on the record date of November 10, 2025.
Tax Deduction at Source (TDS)
Godfrey Phillips India will deduct tax at source (TDS) from the dividend payout as per the Income-tax Act, 1961. The TDS rate will depend on the shareholder category (resident or non-resident) and the submission of required documents.
TDS for Resident Shareholders
Tax will be deducted at source (TDS) at 10% on the dividend amount unless an exemption applies under the Act. No TDS will be applied if the aggregate dividend distributed to a resident individual shareholder during the financial year 2025-26 does not exceed ₹10,000. Shareholders can submit Form 15G or Form 15H to claim exemption, subject to eligibility.
TDS for Non-Resident Shareholders
Tax is required to be withheld at applicable rates as per Section 195 and 196D of the Income-tax Act. The tax shall be withheld at 20% (plus applicable surcharge and cess) on the dividend amount. Non-resident shareholders can avail benefits under the Double Tax Avoidance Agreement (DTAA) by submitting required documents, including a Tax Residency Certificate (TRC) and Form 10F.
Important Information
Shareholders must link their PAN with Aadhaar to avoid TDS at a higher rate. The company requests shareholders to update their PAN, email address, and bank details with their Depository Participants (DP) or the Registrar and Transfer Agent (RTA) for seamless dividend payment.
All documents related to tax exemptions/lower deduction should be uploaded before November 9, 2025, on the MUFG Intime India Private Limited portal.
Source: BSE
