Himadri Speciality Chemical Ltd has announced a final dividend of Re 0.80 per equity share (80%) for the financial year ended 31 March 2026. The dividend is subject to approval at the upcoming 38th Annual General Meeting scheduled for 11 June 2026. Shareholders must ensure their tax documentation is submitted by 02 June 2026 to facilitate accurate TDS deductions and avoid higher withholding rates.
Dividend Distribution Update
Following the Board of Directors’ recommendation on 23 April 2026, Himadri Speciality Chemical Ltd will distribute a final dividend of Re 0.80 per equity share to eligible shareholders. This distribution, which represents an 80% payout, is contingent upon approval at the Annual General Meeting (AGM) to be held on 11 June 2026. The payment will be disbursed to both electronic and physical shareholders who meet the specified criteria.
Tax Deduction Guidelines
In accordance with the Income Tax Act, dividend income is taxable in the hands of shareholders. The company is required to deduct Tax at Source (TDS) at the time of payment. For resident individuals, a 10% TDS rate applies if a valid Permanent Account Number (PAN) is provided and if the aggregate dividend exceeds ₹10,000. In instances where a valid PAN is unavailable or inoperative, a higher rate of 20% will be applied.
Submission of Tax Documents
Shareholders wishing to claim exemptions or lower withholding rates must submit the necessary declarations and annexures by 02 June 2026. These documents should be emailed to the company’s designated investor relations email addresses. Failure to submit the required documentation within this timeframe may result in the company deducting tax at the maximum applicable rate.
KYC and Bank Details
To ensure timely credit of dividend payments, all shareholders—particularly those holding shares in physical form—are urged to keep their KYC details and bank account information updated. Since 1 April 2024, dividend payments are mandated to be made exclusively through electronic transfer. Consequently, physical shareholders must ensure their PAN, contact details, and bank account information are registered with the company or the Registrar and Transfer Agent to prevent delays in receiving their dividend payouts.
Source: BSE
