Gillette India Limited has issued an addendum to its earlier communication regarding deduction of tax at source on dividend income. The addendum dated July 3, 2026 follows Gillette India's June 26, 2026 communication to shareholders about the final dividend approved by the board. Gillette India had informed the exchanges of this development through a separate filing.
The board of directors at its meeting on May 27, 2026 declared a final dividend of Rs 60 per equity share for the financial year 2025-26. The dividend on equity shares of face value Rs 10 each is subject to shareholder approval at the ensuing annual general meeting.
Under the Income-tax Act, 1961 as amended by the Finance Act, 2026, dividends declared and paid by Gillette India are taxable in the hands of shareholders. Gillette India must deduct TDS at applicable rates based on documentation provided by shareholders. The addendum provides additional guidance on the submission process for tax documents.
Shareholders must submit requisite tax documents on or before August 14, 2026 by 5:00 PM IST through either of two available modes. The MAS portal allows shareholders to upload scanned copies of documents in PDF, JPG, JPEG, PNG, GIF or ZIP formats with a maximum file size of 10 MB.
Resident individual shareholders holding shares in dematerialised form may alternatively submit Form No. 121 through their depository participant via NSDL or CDSL platforms to receive dividend without TDS deduction. Incomplete, unsigned, or late submissions will not be considered by Gillette India.
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.