SHREE CEMENT LIMITED announced a final dividend of Rs 70 per equity share of Rs 10 face value each (700 percent) for the financial year ended March 31, 2026. The Board of Directors approved the dividend at its meeting on May 6, 2026.
The final dividend is payable after shareholder approval at the Annual General Meeting scheduled for July 31, 2026. The record date for determining eligible shareholders is July 17, 2026.
SHREE CEMENT LIMITED will deduct tax at source on the dividend at the time of payment, as dividend income is taxable in the hands of shareholders under the Income-tax Act, 2025. Resident shareholders without a valid and Aadhaar-linked PAN will face TDS at 20 percent.
Non-resident shareholders will face TDS at the lower of 20 percent plus applicable surcharge and cess, or the applicable tax treaty rate. Resident individuals may submit Form 121 to qualify for nil or lower TDS, while non-residents must provide a Tax Residency Certificate and electronically file Form 41 to claim beneficial treaty rates.
Shareholders must submit complete and valid documents to MUFG Intime India Private Limited by 5:00 PM IST on July 16, 2026, through the prescribed portal or by email to shreecementdivtax@in.mpms.mufg.com. Communications must quote the folio number or demat account number.
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.