Deduction of tax at source from the Interim Dividend for the financial year ending on 31^st March, 2026

The Board of Directors of the Company (‘the Board’) at the Meeting held on 29^th January, 2026 have declared Interim Dividend @ Rs. 6.50 per Ordinary Share of Re. 1/- each for the financial year ending on 31^st March, 2026; the Interim Dividend will be paid between 26^th February, 2026 and 28^th February, 2026 to the Members entitled thereto holding shares of the Company as on the Record Date i.e. 4^th February, 2026.

Pursuant to the Income-tax Act, 1961, dividend income, as you are aware, is taxable in the hands of the shareholders, and the Company will be deducting tax at source (TDS), as applicable, from the dividend amount payable to the Members.

I. Resident Shareholders

TDS will be deducted @ 10% on the amount of dividend payable where a valid Permanent Account Number (PAN) has been furnished by the resident shareholders to their respective Depository Participants (in case shares are held in dematerialised form) or to the Investor Service Centre (ISC) of the Company (in case shares are held in certificate form).                     

TDS will be deducted @ 20% i.e. at twice the applicable rate on the amount of dividend payable where the resident shareholders have not furnished valid PAN (linked to Aadhaar). Such resident shareholders are therefore advised to furnish their Aadhaar linked PAN to their respective Depository Participants / ISC immediately.

No TDS, however, will be deducted from dividend payable to:

(A) Individual Shareholders, if:-
 

• the amount of dividend payable by the Company during a financial year in the aggregate does not exceed Rs. 10,000/-, or
  
  
• their income is below the taxable limit and declaration is received by the Company from the shareholders in Form 15G (for individuals up to age of 60 years) or in Form 15H (for individuals above the age of 60 years).

II. Non-Resident Shareholders

TDS will be deducted @ 20% (plus applicable surcharge and cess) or the Tax Treaty Rate, whichever is lower, on the amount of dividend payable to Foreign Portfolio Investors, Foreign Institutional Investors and other non-resident shareholders.

For availing the benefit of Tax Treaty Rate, the shareholders will be required to submit the following documents to the Company complete in all respects:

1. Self-attested copy of Indian Tax Identification Number (PAN), if any;
   
   
2. Self-attested copy of Tax Residency Certificate (TRC), covering the financial year 2025-26, issued by the tax authorities of the country of which the shareholder is a tax resident;
   
   
3. Form 10F, for the financial year 2025-26, generated electronically from the e-filing portal of the Income Tax Department; 
   
   
4. A self-declaration primarily covering the following: 
   
   
   • that the non-resident shareholder is eligible to claim the benefit of the respective Tax Treaty in the financial year 2025-26;
     
     
   • that the non-resident shareholder receiving the dividend income is the beneficial owner of such income; and
     
     
   • that the dividend income is not attributable / effectively connected to any Permanent Establishment (PE) or Fixed Base in India during the financial year 2025-26. 
     
     Click here to download the self-declaration format
     
     
5. In case of shareholder being tax resident of Singapore, please furnish the letter issued by the competent authority or any other evidence demonstrating the non-applicability of Article 24 - Limitation of Relief under India-Singapore DTAA.

 III. General instructions / information

1. Submission of Tax Exemption Forms / documents for availing the benefit of Tax Treaty Rate, as applicable, by 15^th February, 2026  
   
   The Tax Exemption Forms from resident shareholders and Forms & Documents from non-resident shareholders for availing the benefit of Tax Treaty Rate, as stated above, may be sent to ISC through e-mail at isc@itc.in or by post / courier at 37 Jawaharlal Nehru Road, Kolkata 700 071.
   
   You may also login at https://eform.itcportal.com to submit the Tax Exemption Forms or the Forms & Documents. This Portal will be also accessible from the Company's corporate website www.itcportal.com under the section 'Investor Relations'.
   
   The consideration of the aforesaid documents, including application of beneficial Tax Treaty Rate, where applicable, will depend on the adequacy and completeness of such documents submitted by the shareholders and review of the same to the satisfaction of the Company.
   
   Documents received after 15^th February, 2026 and / or incomplete documents will not be considered.
   
   
2. The Tax Exemption Forms or the Forms & Documents for availing the benefit of Tax Treaty Rate will be required to be submitted once again for the Interim Dividend, even if the same had been submitted earlier for the Final Dividend 2024-25 paid on 30^th July, 2025, as Forms and Documents will not be considered relevant for this Interim Dividend.
   
   
3. In the event the benefit of lower tax on dividend cannot be provided by the Company due to non-receipt / late receipt of the Tax Exemption Forms or the Forms & Documents, shareholders will still have an option to claim appropriate refund, if eligible, at the time of filing their income tax returns. No claim shall lie against the Company for taxes once deducted.
   
   
4. In the event the dividend income as on the Record Date, i.e. 4^th February, 2026, is assessable to tax in the hands of a person other than the registered shareholder (viz., the shares are held by a clearing member, broker etc. on behalf of the actual beneficial owner), such registered shareholder (i.e. the said clearing member, broker etc.) is required to furnish to the Company on or before 15^th February, 2026, a declaration containing the name, address, residential status and PAN of the actual beneficial owner to whom TDS credit is to be given, and reasons for giving credit to such person. No request in this regard will be considered by the Company after 15^th February, 2026.
   
   
5. The TDS Certificate, where applicable, will be e-mailed to your registered e-mail address in due course.

Should you have any query or require any assistance in the matter, please write to ISC at e-mail ID isc@itc.in or you may call ISC at telephone nos. 1800-345-8152 (toll free) or 033-2288 6426 / 0034.