Hindustan Copper Limited has announced an interim dividend of Re.1/- per equity share for the financial year 2025-2026. The dividend, approved on February 5, 2026, will be paid to shareholders holding shares as of the record date, February 13, 2026. The company also detailed the tax deduction process on the dividend payment, in compliance with the Finance Act, 2020.
Interim Dividend Announcement
The Board of Directors of Hindustan Copper Limited has approved the payment of an interim dividend of Re.1/- per Equity Share (face value of Rs.5/- each) for the financial year 2025-2026. This decision was made at a board meeting held on February 5, 2026. The dividend aims to distribute profits to shareholders and provide them with returns on their investments.
Dividend Payment Details
The interim dividend will be credited to eligible shareholders on March 6, 2026. Eligibility is determined by shareholding status as of the end of the day on the record date, which is set for February 13, 2026. Payments will be made to members listed on the Company’s Register of Members and to those appearing as Beneficial Owners according to depository records.
Tax Deduction Information
In accordance with the Finance Act, 2020, Hindustan Copper Limited is required to deduct taxes at source (TDS) on dividend payments at prescribed rates. The applicable withholding tax rate varies based on the category and residential status of the shareholder. Shareholders are requested to update their PAN, residential status, and other relevant details with their depositories or the Company’s Registrar and Transfer Agent to ensure compliance.
TDS Rates for Resident Shareholders
For resident shareholders, tax will be deducted at source under Section 194 of the Income Tax Act at a rate of 10% if a valid PAN is registered. If shareholders do not have or have not registered their PAN, TDS will be deducted at a rate of 20% under Section 206AA. No tax will be deducted if the total dividend amount to be received during the financial year 2025-26 does not exceed INR 10,000 or if shareholders submit Form 15G/15H along with a self-attested copy of their PAN.
TDS Rates for Non-Resident Shareholders
For non-resident shareholders, taxes are withheld in accordance with Section 195 and 196D of the Income Tax Act. The withholding tax rate is 20% plus applicable surcharge and cess. Non-resident shareholders may provide a Tax Residency Certificate to claim benefits under the Double Tax Avoidance Agreement (DTAA), if applicable. Shareholders must provide documentary evidence, including PAN card copies, Tax Residency Certificates, and Form 10F to avail treaty benefits.
Document Submission
Shareholders are requested to submit the required documents, including Form 15G/15H and other relevant documents, by February 17, 2026. Documents can be uploaded to the website of RTA, Alankit Assignments Ltd or sent via email to [email protected] or [email protected]. Any communication received after February 17, 2026, will be considered at the sole discretion of the Company.
Source: BSE
