ADC India Communications Limited has announced a dividend of ₹25 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the 38th Annual General Meeting on August 7, 2026. The company specified that the dividend will be paid electronically to shareholders holding shares as on the record date of July 31, 2026. To determine the applicable Tax Deducted at Source (TDS), shareholders must submit relevant documents by July 24, 2026.

The Board of Directors recommended the dividend at a meeting held on May 21, 2026. Pursuant to the Income Tax Act, 2025, the dividend is taxable in the hands of shareholders, and the company will deduct TDS at applicable rates. The company emphasized that the tax deduction rate depends on the shareholder's residential status and the validity of documents submitted.

For resident shareholders, TDS will be deducted at 10% under Section 393(1) of the Act, unless exempt. Individual resident shareholders are exempt from TDS if the aggregate dividend during the tax year 2026-27 does not exceed ₹10,000. Exemptions are also available for shareholders submitting Form 121 or specific declarations for entities like insurance companies, mutual funds, and Alternative Investment Funds. If a shareholder's PAN is invalid, inoperative, or not linked with Aadhaar, TDS will be deducted at 20%.

Non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, face a TDS rate of 20% plus applicable surcharge and cess under Section 393(2) of the Act. These shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable, provided they submit a Tax Residency Certificate, Form 41, and a self-declaration meeting DTAA requirements. Without these documents, the higher statutory rate will apply.

The following table summarizes the TDS rates applicable to different categories of shareholders:

Shareholders must update their residential status, PAN, and bank details with their depository participants or the Registrar and Transfer Agent, KFin Technologies Limited, before the record date. The company stated that any changes or documents received after July 24, 2026, will not be considered, and TDS will be deducted at the applicable rate. Shareholders are liable for any excess tax deducted due to missing or defective documentation and must claim refunds directly with income tax authorities.

ADC India Communications Limited has authorised three Key Managerial Personnel (KMP) to determine the materiality of events and information for disclosures to stock exchanges. This decision was taken by the Board of Directors pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorisation updates the existing list of designated officers responsible for compliance and communication with the exchanges. The Company Secretary will coordinate the dissemination of all events and information to the stock exchanges.

The following individuals have been designated as authorised KMPs:

The information has been uploaded on the company website at www.adckcl.com .