Apcotex Industries Limited has detailed the tax deduction at source (TDS) and withholding tax norms applicable to the final dividend of ₹5.50 per equity share for the financial year ended March 31, 2026. The Board recommended this dividend at its meeting held on May 6, 2026, payable to shareholders whose names appear in the Register of Members or records of depositories as on the close of business hours on June 12, 2026. The payout is subject to shareholder approval at the 40th Annual General Meeting scheduled for June 25, 2026.

Pursuant to the Income Tax Act, 2025, the company is required to deduct tax on dividend payments. The applicable withholding rates depend on the shareholder's residential status and the documentation submitted to the Registrar & Transfer Agent (RTA), MUFG Intime India Private Limited. Shareholders must submit necessary forms and declarations on or before June 12, 2026, to ensure appropriate tax deduction.

Tax Provisions for Resident Shareholders

For resident individuals with a valid Permanent Account Number (PAN), tax will be deducted at 10% under Section 393(1) of the Income Tax Act. No tax will be deducted if the aggregate dividend during the Tax Year 2026-27 does not exceed ₹10,000 or if the shareholder submits a duly signed Form 121. Resident shareholders other than individuals, such as insurance companies and government bodies, are exempt from TDS upon submitting specific declarations and documents like self-attested PAN copies and registration certificates.

If PAN is not furnished or is invalid, tax will be withheld at the higher rate prescribed under the Act or 20%.

Tax Provisions for Non-Resident Shareholders

The TDS rates for non-resident shareholders vary significantly based on the entity type and applicable tax treaties. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) face a withholding rate of 20% plus surcharge and cess, or the tax treaty rate, whichever is beneficial. To avail the treaty rate, shareholders must provide a Tax Residency Certificate for the period April 1, 2026, to March 31, 2027, and Form 41.

Alternative Investment Funds – Category III located in International Financial Services Centre are subject to a 10% rate plus surcharge and cess. Sovereign wealth funds, pension funds notified by the Central Government, and subsidiaries of the Abu Dhabi Investment Authority (ADIA) are eligible for NIL tax deduction upon submission of specific notifications and declarations.

Compliance and Documentation

Shareholders must download the required exemption forms from the MUFG Intime website and upload completed documents, including PAN copies and forms, via the specified URL. The deadline for uploading documents is June 12, 2026, at 5:00 p.m. IST. Incomplete or unsigned forms will not be considered. The company will email a soft copy of the TDS certificate to the registered email ID post-completion of TDS activities.

apcotex industries has announced a scheduled interaction with institutional investors as part of its investor relations activities. The company will meet with SPARX Asset Management to discuss business updates and performance metrics.

The meeting is categorized as an in-person interaction and is scheduled to commence at 4:00 p.m. onwards on June 3, 2026. The venue for the discussion is set to take place in Mumbai.

Meeting Schedule

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no unpublished price sensitive information (UPSI) is proposed to be shared during the course of this meeting.

The company stated that any changes to the schedule would be promptly communicated to the exchanges. The interaction is intended for the benefit of the institutional investors, analysts, and investment advisors.