CIE Automotive India Limited has announced a recommended dividend of Rs. 7 per equity share for the financial year ended December 31, 2025. The dividend is subject to approval at the company’s 27th Annual General Meeting (AGM) scheduled for April 29, 2026. Shareholders are required to ensure their tax-related documentation is updated by April 24, 2026, to facilitate accurate tax deduction at source (TDS).
Dividend Distribution Details
Following the Board of Directors’ meeting held on February 19, 2026, the company has proposed a dividend of Rs. 7 per equity share, each with a face value of Rs. 10. The final payout is contingent upon shareholder approval at the upcoming AGM on April 29, 2026. The entitlement for this dividend will be determined based on the records as of April 22, 2026.
Tax Deduction Requirements
Tax will be deducted at source (TDS) based on individual shareholder categories and the information available in the company’s records. To ensure the correct tax rate is applied, shareholders must have their PAN, residential status, and category details updated. For resident shareholders, the standard TDS rate is 10% if a valid PAN is provided, or 20% if it is missing. Dividends up to Rs. 10,000 for resident individuals may be exempt from TDS under specific conditions.
Submission of Documentation
Shareholders seeking lower tax deductions or exemptions must submit the necessary self-declarations and supporting documents by the deadline of April 24, 2026. These documents can be uploaded via the designated KFintech investor portal or sent via email. Failure to provide the required documentation within the stipulated timeframe will result in tax deduction at the applicable higher rates without the possibility of revision.
Non-Resident Shareholder Guidelines
Non-resident shareholders are eligible for Double Tax Avoidance Agreement (DTAA) benefits if they are more favorable than the standard rates. To avail of these benefits, they must provide a Tax Residence Certificate (TRC), a copy of their PAN, and other specific self-declarations. All documents must be submitted to the company to qualify for these provisions; otherwise, a 20% withholding tax (plus applicable surcharges) will be deducted.
Source: BSE
