Premier Energies Limited has announced a second interim dividend of ₹0.75 per equity share (75%) for the financial year 2025-26. The record date to determine shareholder eligibility is May 9, 2026. Shareholders are advised to ensure their bank mandates and PAN details are updated with their respective depositories or the Registrar and Share Transfer Agent to facilitate smooth credit of the dividend payment.
Second Interim Dividend Payout
Following the Board Meeting held on May 4, 2026, Premier Energies Limited has approved a second interim dividend of ₹0.75 per equity share for the financial year 2025-26. This follows the first interim dividend of ₹0.25 per equity share that was previously declared and paid during the fiscal year ended March 31, 2026.
Eligibility and Record Date
The company has set Saturday, May 9, 2026, as the official record date. Shareholders listed in the Register of Members as of this date will be eligible to receive the dividend. The payment will be disbursed via electronic transfer based on the updated bank mandate linked to the shareholders’ demat accounts.
Important Compliance for Shareholders
To ensure accurate tax deduction at source (TDS) and timely payment, shareholders must complete several mandatory actions by the record date of May 9, 2026:
- PAN Updates: Ensure your valid Permanent Account Number (PAN) is updated with your Depository Participant or the Registrar and Share Transfer Agent, KFin Technologies Limited.
- Tax Documentation: Depending on your residential status and category (e.g., Resident, Non-Resident, FII/FPI), you may need to submit specific forms, such as Form 121 or Form 41, to claim tax exemptions or lower withholding rates.
- Exemption Thresholds: For resident individuals, no TDS will be deducted if the total dividend for the financial year does not exceed ₹10,000.
Failure to provide a valid PAN or the necessary exemption documents may result in a higher rate of tax deduction as per statutory requirements. Shareholders are encouraged to review their tax status and submit relevant documentation directly to the Registrar.
Source: BSE
