Abbott India Limited has secured shareholder approval to appoint Mr. James Wenner and Mr. Neeraj Jain to its Board. The resolutions were passed through a remote e-voting process, which concluded on June 16, 2026. Mr. James Wenner has been appointed as a Director effective April 23, 2026, while Mr. Neeraj Jain joins as an Independent Director for a period of three consecutive years effective April 25, 2026.

The postal ballot results were scrutinized by Ms. Fatema Fatehi, a Practicing Company Secretary from M/s. Khumri Wagh Fatehi & Associates LLP. The voting process was facilitated by KFin Technologies Limited. The record date for determining shareholder eligibility was May 8, 2026, and the remote e-voting period was open from May 18, 2026, to June 16, 2026.

Voting Results Summary

The resolutions received overwhelming support from shareholders across all categories. The total number of votes polled for the resolutions was 17,645,157, representing 83.04% of the total outstanding shares.

Detailed Breakdown

The Promoter and Promoter Group cast 15,934,048 votes in favour of both resolutions, constituting 100% of their holdings. Public Institutions and Non-Institutions also supported the appointments significantly. Public Institutions cast 1,672,213 votes in favour for Mr. Wenner's appointment and 1,672,687 votes for Mr. Jain's appointment.

The Scrutinizer's Report confirmed that the requisite majority was obtained as per the provisions of the Companies Act, 2013, and the SEBI Listing Regulations, 2015. The results have been submitted to the stock exchanges and are available on the company's website.

Abbott India Limited has established July 24, 2026, as the record date for the payment of a final dividend of ₹525 and a special dividend of ₹131 per equity share of ₹10 each for the financial year ended March 31, 2026. The total payout of ₹656 per share is subject to shareholder approval at the Annual General Meeting scheduled for August 13, 2026. The company will pay the dividend on or after August 18, 2026, to members listed on the Register of Members or Beneficial Owners as of the record date.

In compliance with the Income Tax Act, 2025, the company will deduct tax at source (TDS) on the dividend distribution. The applicable TDS rate depends on the residential status and category of the shareholder, as well as the validity of the Permanent Account Number (PAN) submitted. The company will rely on the compliance check utility provided by the Income Tax Department to verify PAN status and determine the appropriate withholding rate.

Resident individual shareholders are exempt from TDS if their total dividend income for the financial year 2026-27 does not exceed ₹10,000. For those exceeding this threshold, a standard TDS rate of 10% applies, provided a valid PAN is registered. Shareholders may submit Form 121 along with a self-attested copy of their PAN to claim nil deduction. In the absence of a valid PAN or if the PAN is inoperative, a higher TDS rate of 20% will be levied.

Non-resident shareholders can benefit from lower tax treaty rates upon submission of specific documents, including a self-attested PAN copy, Tax Residency Certificate (TRC) for FY 2026-27, and electronically generated Form 41. If these documents are not submitted, a TDS rate of 20% plus applicable surcharge and cess will apply. Special provisions exist for Foreign Institutional Investors (FII), Foreign Portfolio Investors (FPI), and Alternative Investment Funds located in International Financial Services Centres, where tax rates may vary between 10% and 20% depending on the category and documentation provided.

Shareholders must update their PAN, bank details, and residential status with their Depository Participant or the Registrar and Transfer Agent by July 24, 2026. All required documents, such as Form 121, TRC, and Form 41, must be uploaded to the KFin Technologies Limited portal by this deadline to ensure the correct tax deduction. The company reserves the right to reject incomplete or discrepant documentation and will not refund taxes deducted based on the information submitted.

Summary of Applicable TDS Rates