ADF Foods has fixed Wednesday, August 5, 2026, as the record date to determine shareholder entitlement for the final dividend of Rs 0.60 per share for the financial year ended March 31, 2026. The Board of Directors recommended this dividend at its meeting on May 13, 2026, pending approval by shareholders at the 36th Annual General Meeting scheduled for Wednesday, August 12, 2026. The dividend will be paid within 30 days of declaration to shareholders whose names appear in the Register of Members or the list of beneficial owners as on the record date. The company has mandated that dividend payments be made only through electronic mode, requiring shareholders to update KYC details such as PAN, bank account information, and contact details to receive the payout.

Pursuant to the provisions of the Income Tax Act, 2025, the company is required to deduct Tax Deducted at Source (TDS) at the time of payment. The deduction rates vary based on shareholder residency and documentation compliance. Shareholders must submit all necessary tax-related documents to the company or its Registrar and Transfer Agent, MUFG Intime India Private Limited, on or before August 5, 2026. Failure to provide valid documentation by this date will result in TDS deduction at the applicable rate based on available records, with no option for revision of the TDS return.

Tax Deduction for Resident Shareholders

For resident shareholders, TDS will be deducted at 10% on the dividend amount if PAN is registered. If PAN is not linked with Aadhaar, the TDS rate increases to 20% as per Section 397(2) of the Act. Resident individuals are exempt from TDS if the aggregate dividend distributed during the Tax Year 2026-27 does not exceed Rs 10,000. Additionally, individuals may submit Form 121 to declare non-applicability of TDS if eligibility conditions are met.

Certain non-individual resident shareholders are exempt from TDS upon submission of specific declarations and supporting documents.

Tax Deduction for Non-Resident Shareholders

Tax for non-resident shareholders will be withheld at 20% plus applicable surcharge and cess. These shareholders may opt for beneficial rates under the Double Tax Avoidance Agreement (DTAA) by submitting a Tax Residency Certificate (TRC), Electronic Form 41, and a self-declaration certifying tax residency and beneficial ownership. Foreign Institutional Investors and Foreign Portfolio Investors must also provide a self-attested copy of their SEBI registration certificate. Shareholders who are tax residents of Singapore must additionally furnish a letter demonstrating the non-applicability of Article 24 of the India-Singapore DTAA.

The company will email the TDS certificate to the registered email ID after filing the quarterly TDS returns. Shareholders will also be able to see the credit of TDS in Form 168, which can be downloaded from the income tax e-filing portal.

adf foods has announced that its wholly owned subsidiary, ADF Holdings (USA) Ltd, has received a tariff refund amounting to US$ 2.1 million from U.S. Customs and Border Protection (CBP). The refund, equivalent to approximately Rs. 19.97 crore, was issued following directives from the US Supreme Court to the US Government to refund excess tariffs collected from importers. This financial recovery improves the liquidity position of the US subsidiary.

The intimation was submitted to the exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirmed that the funds were received as a direct consequence of the Supreme Court's ruling regarding the excess collection of tariffs.

Key Details of the Refund

The following table outlines the primary details of the refund received by the subsidiary:

The Company stated that it will take suitable steps regarding the utilization and accounting of these funds in accordance with applicable regulations. The receipt of the refund marks the conclusion of the subsidiary's claim process related to the tariff dispute.