Allied Blenders and Distillers Limited has fixed June 26, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹5.40 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on May 14, 2026, is subject to shareholder approval at the 18th Annual General Meeting scheduled for July 6, 2026. Payouts will commence on or after July 7, 2026. Shareholders must submit relevant tax exemption documents by the record date to ensure the appropriate tax rate is applied.

The company has mandated that dividend payments will be made exclusively via electronic mode, discontinuing the use of warrants or cheques effective from November 19, 2025. Consequently, shareholders must ensure their bank account details are registered with their depositories. The applicable Tax Deduction at Source (TDS) rates vary based on the residential status of the shareholder and the validity of the Permanent Account Number (PAN) submitted to the registrar, MUFG Intime India Private Limited.

Applicable TDS Rates for Resident Shareholders

Resident non-individuals, such as insurance companies and mutual funds, are exempt from TDS upon submitting specific self-declarations and registration certificates. Shareholders must link their Aadhaar with PAN; failure to do so may result in the PAN being deemed inoperative, attracting a higher TDS rate of 20%.

Applicable TDS Rates for Non-Resident Shareholders

Non-resident shareholders opting for Double Tax Avoidance Agreement (DTAA) benefits must provide a self-attested copy of their PAN, Tax Residency Certificate for the relevant period, and Digital Form No. 41. The company clarified that it is not obligated to apply beneficial DTAA rates if the documentation is incomplete or unsatisfactory.

Compliance and Documentation

Shareholders holding shares in dematerialized mode must submit tax exemption documents electronically through their depositories or upload them to the registrar's website before June 26, 2026. Incomplete or unsigned forms will not be accepted. The company emphasized that no communication regarding tax determination will be entertained after the record date, and any tax deducted at a higher rate due to missing documents can only be claimed as a refund through income tax returns.

Allied Blenders and Distillers is facing an arbitration claim of ₹25,53,62,813 filed by Balaji Shivdas Pawar, a partner of its subsidiary Minakshi Agro Industries LLP. The claim, filed before Sole Arbitrator Smt. Sadhana Jadhav, former Judge of the Bombay High Court, includes an interest demand of 18% per annum from the date of filing until realization. This legal action poses a potential financial liability for the company, which has been named as a respondent in the proceedings.

The Statement of Claim was submitted on June 6, 2026, and received by the company the same day at 3:06 pm. The dispute arises from a Deed of Retirement cum Admission dated December 10, 2024, executed between Mr. Pawar, Minakshi Agro Industries LLP, the company, and another party. The disclosure was made to the exchanges on June 07, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Response

Allied Blenders and Distillers has rejected the assertions made in the claim. Management asserts that the demands are based on fundamental factual misstatements and the suppression of facts regarding the Deed. Consequently, the company and its subsidiary believe they possess a robust defence against the allegations.

To address the matter, the company and Minakshi Agro Industries LLP have engaged legal counsel. Their strategy involves filing a Statement of Defense to contest the claim and initiating a Counter Claim against Mr. Balaji Shivdas Pawar. The company stated it is taking requisite steps to safeguard its interests.

Arbitration Details