Aegis Vopak outlines TDS rates for FY26 dividend of ₹0.20 per share
Aegis Vopak Terminals Ltd has communicated the tax deduction at source (TDS) rates for its final dividend of ₹0.20 per share for FY26. Resident shareholders with a valid PAN will face a 10% TDS, while those without PAN will be taxed at 20%. Non-resident shareholders will be subject to 20% tax plus surcharge and cess, unless they provide valid documentation to claim benefits under a Double Taxation Avoidance Agreement. The company has set a deadline of July 23, 2026, for shareholders to submit necessary forms and KYC updates to ensure the correct tax rate is applied. The dividend record date is July 10, 2026, with payment scheduled on or before September 04, 2026.
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Aegis Vopak Terminals Ltd has detailed the tax deduction at source (TDS) rates applicable to the final dividend of ₹0.20 per share, or 2%, recommended for the financial year 2025-26. The dividend, subject to shareholder approval at the 13th Annual General Meeting (AGM) scheduled for August 07, 2026, will be paid to members whose names appear in the Register of Members as on the record date of Friday, July 10, 2026. The company has specified that tax will be deducted in accordance with the Income-tax Act, 2025, with rates varying based on the residential status and documentation provided by shareholders.
For resident shareholders holding a valid Permanent Account Number (PAN), the standard TDS rate is 10%. However, this rate is nil if the dividend distributed during FY 2026-27 does not exceed ₹10,000, or if the shareholder submits valid exemption forms such as Form 121 (replacing erstwhile Forms 15G and 15H) or a lower withholding tax certificate under section 395 of the Act. In the absence of a valid PAN, tax will be deducted at a higher rate of 20% under section 397(2) of the Act.
Non-resident shareholders face a TDS rate of 20% plus applicable surcharge and cess, unless they opt for the lower Tax Treaty rate. To claim the treaty benefit, non-residents must submit documents including a Tax Residency Certificate (TRC), Form No. 41 (erstwhile Form 10F), and a self-declaration confirming beneficial ownership and the absence of a Permanent Establishment in India. Foreign Institutional Investors and Foreign Portfolio Investors must submit similar documentation, including a TRC and self-declaration, to avail of the treaty rate.
The company has engaged MUFG Intime India Private Limited as its Registrar and Transfer Agent. Shareholders must update their KYC details and submit necessary documents via the specified web link on or before Thursday, July 23, 2026, to enable the company to determine the appropriate tax deduction rate. No communication or documents regarding tax determination will be considered after 11:59 PM IST on July 23, 2026.
TDS Rates for Shareholder Categories
| Category of Shareholder | Tax Deduction Rate | Key Conditions |
|---|---|---|
| Resident with PAN | 10% | PAN updated with depository or RTA. |
| Resident without PAN | 20% | Applicable under section 397(2) of the Act. |
| Resident (Dividend ≤ ₹10,000) | NIL | Exemption limit for FY 2026-27. |
| Non-Resident | 20% + surcharge + cess | Or Tax Treaty rate, whichever is lower, if documents submitted. |
The dividend payment is scheduled for disbursement on or before Friday, September 04, 2026. Shareholders are advised that if tax is deducted at a higher rate due to missing details, they may file a return of income to claim a refund, but no claim shall lie against the company for taxes deducted as per the Act. The TDS certificate will be sent to the registered email ID post-payment, and credit will be available in Form 168 (erstwhile Form 26AS).
Historical Stock Returns for Aegis Vopak Terminals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.61% | -0.76% | +18.04% | +30.76% | -4.21% | +16.12% |
How will the introduction of new tax forms (Form 121 and Form 41) impact administrative compliance costs for the company and its shareholders?
What is the expected impact of the new Income-tax Act, 2025, on Aegis Vopak's overall dividend distribution strategy and shareholder yield?
Will the strict July 23, 2026, deadline for KYC updates lead to a higher incidence of tax deducted at source for non-compliant shareholders?
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