Cosmo First sets July 22 record date for ₹4 dividend
Cosmo First announced July 22, 2026, as the record date for a ₹4 per share final dividend for FY26, pending AGM approval. The company detailed TDS regulations: resident individuals are exempt up to ₹10,000, while others pay 10% with valid PAN. Non-residents face 20% tax or treaty rates upon submitting valid documents. All required declarations must be submitted by July 24, 2026.
*this image is generated using AI for illustrative purposes only.
Cosmo First Limited has fixed Wednesday, July 22, 2026, as the record date for determining shareholder eligibility for the final dividend of ₹4 per equity share of ₹10 each for the financial year 2025-26. The payout is subject to shareholder approval at the 49th Annual General Meeting scheduled for August 5, 2026. The company has communicated the applicable Tax Deducted at Source (TDS) rates, which vary based on the residential status and category of the shareholder.
TDS Rates for Resident Shareholders
For resident individual shareholders, no tax will be deducted if the total dividend income during FY 2026-27 does not exceed ₹10,000. For other resident shareholders, the standard TDS rate is 10% if a valid PAN is available; this rate rises to 20% if the PAN is invalid or not linked to Aadhaar where required. Shareholders seeking nil or lower deduction must submit specific declarations, such as Form 121 or self-declarations for exempt entities like insurance companies or mutual funds, along with PAN copies and registration certificates.
TDS Rates for Non-Resident Shareholders
Non-resident shareholders face a base withholding tax rate of 20% plus applicable surcharge and cess, unless a beneficial Double Taxation Avoidance Agreement (DTAA) rate applies. To claim treaty benefits, shareholders must submit a Tax Residency Certificate valid for FY 2026-27, Form 41, and a self-declaration confirming beneficial ownership and the absence of a Permanent Establishment in India. Specific exemptions exist for Sovereign Wealth Funds, Pension Funds, and subsidiaries of the Abu Dhabi Investment Authority, provided they submit the requisite notifications and declarations.
Documentation and Compliance
Shareholders must submit all necessary documents, including PAN copies, TRCs, and declarations, to the company or its Registrar and Transfer Agent by Friday, July 24, 2026, to ensure the correct TDS rate is applied. Documents should be emailed to dividendhelp@cosmofilms.com . The company reserves the right to deduct tax at a higher rate if documents are incomplete or discrepancies are found. Additionally, shareholders holding shares in physical form must ensure their bank details, PAN, and contact information are updated to facilitate electronic payment, as mandated by SEBI regulations effective April 1, 2024.
Historical Stock Returns for Cosmo First
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.65% | +3.34% | +12.11% | +26.96% | -29.87% | +17.22% |
How will the dividend payout impact Cosmo First's cash flow and capital allocation plans for FY 2026-27?
What are the expectations for shareholder approval at the upcoming AGM given the proposed dividend?
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