Godrej Consumer Products Limited has declared an interim dividend of Rs. 5 per equity share for the financial year 2026-27. The company has set May 12, 2026, as the record date for payment. Shareholders are required to update their tax-related information, including PAN and residential status, with their respective Depository Participants or the Registrar and Share Transfer Agent by the record date to ensure proper tax deduction at source.
Interim Dividend Details
Following a board meeting held on May 6, 2026, the company announced an interim dividend payout of Rs. 5 per equity share for the 2026-27 financial year. Investors holding shares as of the record date of May 12, 2026, will be eligible for this distribution.
Tax Deduction at Source (TDS) Requirements
As per current tax regulations, the company is mandated to withhold tax on dividend payments. To ensure the correct application of tax rates, all shareholders must ensure that their mandatory details—including Permanent Account Number (PAN), Aadhaar number (for individuals), and residential status—are updated with their depository participant or the Registrar and Share Transfer Agent (RTA) by May 12, 2026.
Failure to provide a valid PAN will result in a higher tax deduction rate of 20% for resident shareholders. Resident individuals receiving total dividends below Rs. 10,000 may be exempt from TDS, provided they submit the required Form 121.
Requirements for Non-Resident Shareholders
Non-resident shareholders or foreign companies wishing to avail of beneficial rates under a Double Tax Avoidance Agreement (DTAA) must submit necessary documentation. This includes a valid Tax Residency Certificate (TRC), Form 41, and a self-declaration confirming the absence of a Permanent Establishment in India. These documents must be uploaded via the designated RTA portal by the May 12, 2026 deadline.
Submission and Compliance
The company will rely exclusively on the data available in the Register of Members as of the record date for determining tax liability. Shareholders are encouraged to visit the official RTA submission portal to upload their forms and self-declarations. Please note that incomplete documentation may result in the company being unable to grant requested tax exemptions or lower withholding rates.
Source: BSE
