Colgate Declares Rs 24 Dividend; Sets June 1 Record Date
Colgate-Palmolive (India) Limited has declared a second interim dividend of Rs 24 per share for FY26, totaling a payout of Rs 65,277 lakhs. The dividend will be paid on June 17, 2026, to shareholders on record as of June 1, 2026. The company outlined the tax deduction at source (TDS) rates under the Income-tax Act, 2025, specifying 10% for residents with PAN and 20% for non-residents, with provisions for lower rates under tax treaties.
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Colgate-Palmolive (India) Limited has announced the declaration of a second interim dividend of Rs 24 per equity share of Re. 1 each for the financial year 2025-26. The total dividend payout will amount to Rs 65,277 lakhs. The dividend is scheduled to be paid on and from June 17, 2026, to shareholders whose names appear in the Register of Members as on the record date of June 1, 2026. The total dividend for the fiscal year aggregates to Rs 48 per share.
Tax Provisions on Dividend
The company has communicated the tax provisions applicable to the dividend payment in accordance with the Income-tax Act, 2025. For resident shareholders, tax will be deducted at source (TDS) at 10% if the Permanent Account Number (PAN) is provided. In cases where PAN is not provided or not linked with Aadhaar, the TDS rate increases to 20%. No tax will be deducted if the dividend does not exceed Rs 10,000 or if the shareholder submits Form 121.
For Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs), and other non-resident shareholders, the TDS rate is 20%. However, non-resident shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if applicable. To avail of a lower treaty rate, shareholders must submit a self-attested PAN copy, Tax Residency Certificate (TRC) for April 2026 to March 2027, Form 41, and a self-declaration regarding eligibility and beneficial ownership.
Document Submission Requirements
Shareholders wishing to claim treaty benefits or exemption via Form 121 must submit the necessary documents to the Registrar & Transfer Agent, MUFG Intime India Private Limited. The documents must be submitted via the dedicated link on or before June 1, 2026, at 05:00 PM IST. The company emphasized that tax once deducted will not be refunded or adjusted, and the decision on the applicable TDS rate will be final.
Shareholder Compliance
The company reminded shareholders that dividend payments are mandated to be made only through electronic mode. Shareholders are requested to ensure their bank account details, PAN, and KYC details are updated with the company or depository participant to ensure timely credit. Additionally, shareholders were advised to update their nomination details. All queries regarding tax deduction should be addressed to the RTA at the specified email address or via the SWAYAM Portal.
Historical Stock Returns for Colgate Palmolive
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.26% | +1.04% | -8.50% | -6.32% | -17.96% | +18.37% |
How does Colgate-Palmolive India's total dividend payout of Rs 48 per share for FY2025-26 compare to its dividend history, and what does this signal about the company's future capital allocation strategy?
With the implementation of the Income-tax Act, 2025 governing TDS on dividends, how might the new tax framework impact foreign institutional investor appetite for dividend-paying Indian consumer goods stocks?
Given the mandatory electronic payment mode for dividends, how could Colgate-Palmolive India's compliance push influence broader shareholder KYC and digitization trends across Indian listed companies?
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