Cords Cable Industries Limited has announced a dividend of ₹1.20 per share for the financial year ended March 31, 2026, pending shareholder approval. The company has established a deadline of August 31, 2026, for shareholders to submit necessary tax declarations to ensure the correct Tax Deducted at Source (TDS) rate is applied to the payout. The Board of Directors recommended this dividend at its meeting held on May 28, 2026.

TDS Guidelines for Resident Shareholders

The applicable TDS rate depends on the shareholder's category and the total dividend amount. For resident individuals, no tax will be deducted if the dividend does not exceed ₹10,000. If the dividend exceeds this threshold and the shareholder holds a valid PAN, the TDS rate is 10%. Individuals without a valid PAN or with an inoperative PAN will face a 20% deduction. Other non-individual residents are subject to a 10% TDS, while Mutual Funds and Insurance Companies are exempt.

Provisions for Non-Resident Shareholders

Non-resident shareholders are subject to a TDS rate of 20%, plus applicable surcharge and cess. To claim benefits under the Double Tax Avoidance Agreement (DTAA), shareholders must submit specific documents to the Registrar and Transfer Agent, MUFG Intime India Private Limited, by August 31, 2026. Required documents include a self-attested copy of PAN, a Tax Residency Certificate for FY 2026–27, Form 41 for FY 2026-27, and a self-declaration in the prescribed format.

Submission Requirements

Shareholders eligible for exemption must submit Form No. 121 by August 31, 2026. The company warns that failure to submit complete or correct documentation may result in a higher TDS deduction. Additionally, shareholders whose dividend income is assessable in another person's hands must submit a declaration by the same deadline. The company also requested that members update their bank account details and email IDs with the depository or RTA to ensure timely credit of dividends and receipt of communications.

Cords Cable Industries Limited has received a rectification order from the Office of the Assistant Commissioner, CGST, Division Tijara, reducing the Goods and Services Tax (GST) demand to ₹18.31 lakh. The order, dated June 15, 2026, pertains to an Original In Order (OIO) No. 48/GST/BHD-TIJARA/25-26 dated December 16, 2025. The revised demand is a reduction from the initial figure of ₹35,59,462.

The order confirms a penalty equivalent to the revised tax demand under Section 74 and Section 122(2)(b) of the CGST Act, 2017, read with the corresponding provisions of the RGST Act, 2017 and the IGST Act, 2017. Applicable interest on the short-paid tax has also been levied. The authority disallowed input tax credit on purchases pertaining to the financial years 2018-19 to 2022-23.

company name stated that there is no material impact on its financial, operations, or other activities as a result of this order. The company intends to file an appeal against the said order with the Commissioner Appeal.

Details of the GST Demand

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.