Cochin Shipyard has announced an interim dividend of ₹4.00 per equity share (face value of ₹5 each) for the financial year 2025-26. The dividend payout is subject to tax deduction at source (TDS) and will be paid by December 11, 2025, to shareholders on record as of November 18, 2025. Communication has been issued regarding TDS implications for both resident and non-resident shareholders.
Interim Dividend Details
The Board of Directors of Cochin Shipyard Limited (CSL) has declared an interim dividend for the financial year 2025-26, offering ₹4.00, representing 80%, per equity share.
Important Dates
The dividend will be disbursed by December 11, 2025, within 30 days from the declaration date, to shareholders who are members of the company as of the record date: November 18, 2025.
Tax Deduction at Source (TDS)
Dividend payments are subject to tax deductions as per the Income Tax Act, 1961.
Resident Shareholders
TDS will not be applicable to individuals if the aggregate dividend distributed during FY 2025-26 does not exceed ₹10,000.
Tax will not be deducted if shareholders provide Form 15G or 15H, subject to eligibility.
Otherwise, TDS will be deducted at a rate of 10% on the dividend amount.
Linking PAN and Aadhaar is mandatory. If PAN is not linked or invalid, TDS will be deducted at 20%.
Non-Resident Shareholders
Tax is required to be deducted at source as per the Income Tax Act, 1961, at applicable rates. The tax shall be deducted at source at 20% (plus applicable surcharge and cess) on the amount of dividend payable.
Required Documentation
Eligible shareholders must submit required documents by November 18, 2025, to avail of exemptions or lower deduction rates via the Company’s RTA portal.
Disclaimer
Shareholders are encouraged to seek professional tax advice.
Source: BSE
