Hindustan Petroleum Corporation Limited (HINDPETRO) has informed stock exchanges that its board, at a meeting on May 13, 2026, recommended a final dividend of Rs 19.25 per equity share for the financial year 2025-26. Each share has a face value of Rs 10. The dividend is subject to shareholder approval at the annual general meeting.
Hindustan Petroleum has fixed August 14, 2026 as the record date for the dividend. Shareholders on the register as of that date will receive the dividend after deduction of tax at source at rates prescribed under the Income Tax Act, 2025 as amended by the Finance Act, 2026.
For resident shareholders, TDS at 10 percent applies if a valid PAN is updated in Hindustan Petroleum's register of members. If the PAN is not updated, is invalid, or is not linked with Aadhaar, a higher rate of 20 percent applies under Section 397 of the IT Act.
Individual resident shareholders are exempt from TDS if the total dividend from Hindustan Petroleum under a folio during FY 2026-27 does not exceed Rs 10,000. Those exceeding this threshold may submit Form 121 to avoid tax deduction, provided eligibility conditions are met.
Non-resident shareholders are subject to TDS at 20 percent plus surcharge and cess, unless exempt under specific provisions of the Income Tax Act. Shareholders must upload supporting documents by July 31, 2026 through the designated weblink or email to avail exemptions or concessional rates. If tax is deducted at a higher rate due to non-submission of documents, shareholders may claim a refund when filing returns.
Hindustan Petroleum has asked shareholders to update KYC details including PAN, email, mobile number, and bank information with depository participants or the registrar. SEBI has mandated payment of dividends and other corporate benefits only through electronic mode from April 1, 2024.
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.