Godrej Properties Limited has recommended a dividend of Rs 10 (200%) per equity share of face value Rs 5 each for the financial year ended March 31, 2026, as approved by the Board of Directors at its meeting held on May 4, 2026.
The Board has fixed Tuesday, July 28, 2026, as the record date for determining entitlement of members to receive the dividend. The dividend, if approved by shareholders, will be paid within 30 days from the forthcoming Annual General Meeting scheduled for Tuesday, August 4, 2026.
The Company will deduct tax at source on the dividend at the time of payment under the Income-tax Act, 2025, since dividend income is taxable in the hands of shareholders. Resident shareholders with a valid PAN face a TDS rate of 10%, rising to 20% where PAN is invalid, not registered, or not linked with Aadhaar.
Resident individuals are exempt from TDS where total dividend from the Company during tax year 2026-27 does not exceed Rs 10,000, or on submission of Form 121 meeting eligibility conditions. Non-resident shareholders are subject to TDS at 20% plus surcharge and cess, or the lower applicable tax treaty rate on furnishing prescribed documents including a Tax Residency Certificate.
Shareholders must update PAN, residential status, category, email, address and bank mandate details by the July 28, 2026 record date, as these will be relied upon for withholding tax compliance. Dividends will be paid only through electronic mode, and will be withheld where bank details are inadequate or unregistered.
Tax-related documents must reach the Company's registrar KFin Technologies Limited at einward.ris@kfintech.com on or before July 28, 2026, and declarations under Rule 203 of the Income Tax Rules, 2026 naming the person entitled to TDS credit must also be filed by that date.
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.