Afcons Infrastructure outlines TDS rules for FY26 dividend

Afcons Infrastructure Limited has communicated the tax deduction at source (TDS) requirements for the final dividend of ₹2 per equity share recommended for the financial year ended March 31, 2026. The dividend, payable on or after July 30, 2026, subject to shareholder approval at the Annual General Meeting (AGM), will be subject to withholding tax under the Income-tax Act, 2025. The company has specified that the tax rate varies based on the residential status of the shareholder and the documentation submitted.

The Board of Directors, at its meeting on May 18, 2026, recommended the dividend. The AGM is scheduled for July 30, 2026, at 3:00 p.m. IST via Video Conferencing. Shareholders must submit relevant declarations and documents, such as Form 121 or Tax Residency Certificates, by Thursday, July 16, 2026, to ensure the appropriate tax rate is applied. Failure to provide valid documents may result in a higher TDS deduction.

Withholding Tax Rates for Residents

For resident shareholders, the TDS rate depends on the availability of a valid PAN and specific exemptions. No tax will be deducted if the total dividend during the Tax Year 2026-27 does not exceed ₹10,000. The applicable rates for other categories are listed below:

Category	Withholding Tax Rate	Documents Required
Valid PAN	10%	N.A.
No / Invalid PAN	20%	N.A.
Lower/Nil Certificate (u/s 395(1))	As per certificate	PAN copy, Certificate copy

Residents seeking nil deduction must submit forms such as Form 121 or self-declarations for entities like LIC, GIC, or Category I/II AIFs.

Withholding Tax Rates for Non-Residents

Non-resident shareholders face different rates based on their category and treaty benefits. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to 20% tax or the treaty rate, whichever is beneficial, provided a Tax Residency Certificate and digital Form 41 are submitted.

Category	Withholding Tax Rate	Key Documents
FII / FPI	20% or Treaty Rate	TRC, Form 41, Self-declaration
AIF – Category III (IFSC)	10%	PAN copy, Self-declaration
Other Non-Residents	20% or Treaty Rate	TRC, Form 41, PE declaration

Shareholders must upload documents to the Registrar & Share Transfer Agent, MUFG Intime India Private Limited, via the specified link before the deadline. The company reserves the right to reject incomplete documents and apply the higher statutory rate.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.77%	-3.50%	-11.63%	-17.18%	-30.88%	-41.81%

Afcons Infrastructure Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Ltd. The filing, made on July 08, 2026, discloses the company's performance on environmental, social, and governance parameters as mandated by Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The report includes a limited assurance statement on the BRSR Core Indicators provided by Deloitte Haskins and Sells LLP.

The company reported that its ‘Green Business’ portfolio contributed 43% of the total revenues in FY 2025-26, classified in line with the FTSE Green Revenues Classification System 2.0 (GRCS 2.0). Afcons operates across 15 states in India and 12 countries internationally, with exports contributing 27.97% of the total turnover. The infrastructure major focuses on sectors such as roads and highways, bridges, metros, railways, and marine infrastructure.

Operational and Employee Metrics

Afcons manages 82 locations nationally, comprising 77 plants and 5 offices, and 13 international locations. The company’s workforce includes 3,730 employees and 31,602 workers. The data for workers includes those employed directly by Afcons as well as through subcontractors and manpower suppliers. The report indicates that 0% of the workforce consists of differently abled employees or workers.

Category	Total	Male	Female
Permanent Employees	3,570	3,458	112
Other than Permanent Employees	160	157	3
Total Employees	3,730	3,615	115
Permanent Workers	56	56	0
Other than Permanent Workers	31,546	31,546	0
Total Workers	31,602	31,602	0

Sustainability and Governance

The Corporate Social Responsibility and Sustainability Committee (CSSR Committee), chaired by Executive Chairman Mr. Subramanian Krishnamurthy, oversees sustainability-related issues. The company identified material responsible business conduct issues including energy and GHG emissions, water management, and occupational health and safety. To mitigate risks, Afcons is maximizing the use of grid electricity, implementing wastewater treatment systems, and ensuring 100% of the workforce receives training on Occupational Health and Safety.

The report confirms that 82.94% of inputs were sourced sustainably. Afcons has implemented an Occupational Health and Safety Management System aligned with ISO 45001:2018 standards across all operational locations. The company reported zero fines, penalties, or punishments imposed on the entity, its directors, or Key Managerial Personnel during the financial year.