Syngene International Limited informed stock exchanges that it sent an email communication to shareholders on June 23, 2026, regarding tax deduction at source on the final dividend for the financial year 2025-26. The communication was sent to shareholders whose email addresses are registered with the company or their respective depository participants.
The board of directors, at its meeting on April 29, 2026, recommended a final dividend of 12.50%, or Re 1.25 per equity share of Rs 10 each, for the year ended March 31, 2026.
The dividend is subject to shareholder approval at the 33rd annual general meeting scheduled for July 29, 2026. Shareholders whose names appear in the register of members as of the close of business on June 26, 2026, the record date, will be eligible to receive the dividend.
Syngene stated that as per the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company will deduct tax at source at the prescribed rates. The withholding tax rate varies depending on the shareholder's residential status, category, and the documents submitted.
The company provided a breakdown of applicable TDS rates for resident and non-resident shareholders. Resident individual shareholders with aggregate dividend not exceeding Rs 10,000 in the tax year may receive the dividend without TDS deduction by submitting a declaration in Form 121.
Non-resident shareholders can claim beneficial rates under double taxation avoidance agreements by submitting a tax residency certificate and Form 41. Shareholders have been asked to upload the required documents on the KFin Technologies portal or email them by July 10, 2026.
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.