Deepak Fertilizers and Petrochemicals Corporation Limited announced a dividend of Rs 10 per equity share (100%) for the financial year ended March 31, 2026. The board recommended the dividend at its meeting on May 28, 2026, contingent on approval at the upcoming 46th Annual General Meeting.
Equity shareholders entitled to the dividend will be those holding shares as at the record date, with payment to be made within 30 days from the dividend declaration date. Shareholders must update critical information by August 17, 2026, including PAN, Aadhaar, residential status, and shareholder category details through their depository participant or Registrar and Transfer Agent.
For resident shareholders, TDS rates vary: individuals receiving dividends up to Rs 10,000 per year are exempt; others with valid PAN face 10% deduction; residents without valid PAN or unlinked Aadhaar face 20% deduction. Insurance companies, mutual funds, AIFs, and certain other entities may qualify for nil or lower rates with proper documentation submissions.
Non-resident shareholders face 20% withholding tax plus applicable surcharge and cess, with beneficial DTAA rates available for those who submit Tax Residency Certificates and Form 41 from April 1, 2026 to March 31, 2027. DTAA treaty benefits require self-declarations and compliance with tax treaty provisions.
All required documents must be uploaded to KFin Technologies Limited by August 17, 2026, at https://ris.kfintech.com/form15. The company relies on the Income Tax Department's online functionality for PAN-Aadhaar linkage validation, with tax deducted accordingly. Shareholders may claim refunds for excess tax deducted at tax return filing time.
TDS rates incorporate lower/nil options through Section 395 certificates. Shareholders with multiple accounts under single PAN are subject to higher applicable tax rates on total holdings. Rule 203 of the Income Tax Rules 2026 requires declaration filing if dividend income with TDS is assessable in hands other than the deductee.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.