DCM Shriram International fixes July 6 record date for FY26 dividend
DCM Shriram International Ltd has announced July 6, 2026 as the record date for a final dividend of ₹0.40 per share for FY26, pending approval at the AGM on July 16, 2026. The article details the TDS implications for resident and non-resident shareholders, specifying withholding rates and documentation requirements for tax exemptions. Shareholders must submit necessary documents to KFin Technologies Limited by July 6, 2026, to ensure correct tax deduction.
*this image is generated using AI for illustrative purposes only.
DCM Shriram International Ltd has fixed Monday, July 6, 2026 as the record date to determine members eligible for the final dividend of ₹0.40 per equity share for the financial year 2025-26. The dividend, representing 20% of the face value of ₹2 each, is subject to shareholder approval at the 4th Annual General Meeting (AGM) scheduled for July 16, 2026. If approved, the payment will be made within 30 days from the conclusion of the meeting. The AGM will be held via video conferencing at 11:00 AM IST, with facilities provided by KFin Technologies Limited.
Remote e-voting is scheduled to commence on July 11, 2026, at 9:00 AM IST and conclude on July 15, 2026, at 5:00 PM IST. Shareholders holding shares as on the cut-off date of July 6, 2026, are eligible to participate. The company has notified the National Securities Depository Limited, Central Depository Services (India) Limited, and KFin Technologies Ltd regarding this record date.
Tax Deducted at Source on Dividend
The dividend is taxable in the hands of members under the Income-tax Act, 2025, and the company will deduct tax at source (TDS) at the time of payment. The applicable withholding tax rates vary based on the shareholder's residential status and documentation.
Resident Shareholders
For resident individuals, the TDS rate depends on the status of their Permanent Account Number (PAN):
| Particulars | Current rate of withholding tax |
|---|---|
| Valid PAN updated in the Company's Register of Members | 10% |
| Members not having PAN (not registered) / invalid PAN | 20% |
| Submission of lower/nil tax deduction certificate u/s 395 | Rate specified in the certificate |
No tax is deducted if the total dividend received during FY27 does not exceed ₹10,000 or if valid Form 121 is provided. Resident entities like insurance companies may qualify for a NIL rate with sufficient evidence.
Non-Resident Shareholders
Non-resident shareholders face a TDS rate of 20% plus surcharge and cess, unless Double Tax Avoidance Agreement (DTAA) provisions apply. To claim DTAA benefits, shareholders must submit a self-attested PAN, Tax Residency Certificate, self-declaration in Form 41, and a specific declaration for FY26. Dividends paid to Foreign Institutional Investors and Foreign Portfolio Investors are subject to 20% TDS plus surcharge and cess, generally without DTAA benefits. Shareholders in notified jurisdictional areas face a TDS rate of 30% or the applicable rate, whichever is higher.
Document Submission Requirements
Shareholders must submit self-attested copies of required documents to KFin Technologies Limited via the online portal by July 6, 2026. Custodians must submit a declaration under Rule 203 of the Income-tax Rules, 2026, by the same deadline to transfer TDS credit to the beneficial owner.
Historical Stock Returns for DCM Shriram International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +0.08% | +10.34% | +26.74% | +26.74% | +26.74% |
How will the new Income-tax Act, 2025, impact long-term dividend strategies for resident and non-resident investors?
What is the expected shareholder turnout for the upcoming AGM given the reliance on remote e-voting and video conferencing?
Could the current TDS structure influence foreign institutional investors to adjust their holdings in DCM Shriram International Ltd?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
