Dalmia Bharat Limited has announced details regarding the interim dividend for the financial year 2026-27, declared on October 26, 2026. Shareholders will receive Rs. 4/- per equity share. The communication clarifies the applicable Tax Deducted at Source (TDS) provisions for both resident and non-resident shareholders, outlining the rates and required documentation to ensure correct tax withholding.
Interim Dividend Declared for FY 2026-27
Dalmia Bharat Limited has officially communicated details concerning its interim dividend for the financial year 2026-27. The company’s Board of Directors declared an interim dividend of Rs. 4/- per equity share of face value Rs. 2/- each on October 26, 2026. This dividend payment is scheduled to occur after the deduction of Tax at Source (TDS).
Tax Deducted at Source (TDS) Provisions
The company has provided a comprehensive overview of the applicable TDS provisions under the Income Tax Act, 2025, for both resident and non-resident shareholders. This communication aims to inform shareholders about the tax liabilities and the necessary steps to ensure accurate withholding.
For Resident Shareholders:
- A withholding tax rate of 10% applies on the dividend amount if shareholders have registered their valid Permanent Account Number (PAN).
- If a valid PAN is not registered, is invalid, or has become inoperative, a TDS rate of 20% will be deducted.
- Resident individuals may not face tax deduction if the total dividend received during FY 2026-27 does not exceed Rs. 10,000/-, provided eligibility conditions are met.
- Form 121 submission, along with a self-attested copy of the PAN linked to Aadhar, can result in nil withholding for resident shareholders.
- NIL or lower withholding tax rates are applicable upon submission of a certificate issued under Section 395(1) of the Act.
- A 10% rate applies for resident shareholders if PAN is provided and available, subject to the above conditions.
- A 20% rate applies for resident shareholders if PAN is not provided, not available, invalid, or inoperative.
For Non-Resident Shareholders:
- Withholding tax will be at the rate of 20% (plus applicable surcharge and cess) on dividend payments, unless specific exemptions apply.
- A TDS rate of 10% (plus applicable surcharge and cess) applies to Specified Funds and GDR holders under specific provisions.
- Non-resident shareholders can avail beneficial tax treaty rates (DTAA) if they provide the necessary documentation, including a self-attested copy of their PAN card and Tax Residency Certificate (TRC).
- Failure to submit the required documents by the cut-off date of October 30, 2026, may result in tax being deducted at a higher rate.
Submission of Tax-Related Documents
Shareholders are requested to submit all required tax-related documents, including Form 121 and certificates under Section 395(1), via the link https://ris.kfintech.com/form15 or by email to [email protected] on or before October 30, 2026. Documents submitted after this date will not be considered for determining the appropriate TDS rate.
Bank Account Details Update
Shareholders are also urged to ensure their bank account details in their respective demat accounts are updated to facilitate the timely credit of the dividend payment.
Source: BSE
