Hitachi Energy India Limited recommended a final dividend of Rs 8.00 per equity share for the financial year ended March 31, 2026. The board approved the payout at its meeting held on May 25, 2026. The dividend represents 400% of the face value of Rs 2.00 per share.
The record date for determining eligible shareholders is August 21, 2026. The dividend payment is subject to shareholder approval at the Annual General Meeting scheduled for August 28, 2026.
Pursuant to the Income-tax Act, 2025 as amended by the Finance Act, 2026, dividend income is taxable in the hands of shareholders. Hitachi Energy India Limited will withhold tax at source at prescribed rates varying by residential status and category of shareholder.
For resident shareholders with a valid PAN linked to Aadhaar, the TDS rate is 10%. For those without a valid PAN or where the PAN is invalid due to non-linking of Aadhaar, the rate is 20%. No tax will be deducted for resident individual shareholders whose total dividend for Tax Year 2026-27 does not exceed Rs 10,000.
Non-resident shareholders can claim beneficial rates under applicable Double Taxation Avoidance Agreements by submitting documents including a tax residency certificate, self-declaration Form 41, and a declaration of beneficial ownership. Shareholders must submit required declarations and documents on or before August 14, 2026.
The TDS communication and relevant forms are available on the Hitachi Energy India Limited website and the RTA portal. Hitachi Energy India Limited will issue soft copies of TDS certificates through registered email after dividend payment.
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.