Deepak Fertilisers sets TDS deadline for FY26 dividend

2 min read     Updated on 08 Jul 2026, 07:07 AM
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Deepak Fertilisers And Petrochemicals Corporation Limited has recommended a final dividend of ₹10 per share for FY26, subject to shareholder approval. The company has set a deadline of August 17, 2026, for shareholders to submit TDS documentation, specifically Form 121, to determine the correct tax deduction. Dividend payments for physical shareholders will be made electronically only after KYC compliance.

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Deepak Fertilisers And Petrochemicals Corporation Limited has recommended a final dividend of ₹10 per equity share for the financial year 2025-26. The dividend, amounting to 100% of the face value of ₹10 each, was approved by the Board of Directors at their meeting held on May 28, 2026. The company disclosed that the dividend, if approved by shareholders at the 46th Annual General Meeting, will be paid within 30 days of its declaration.

The company informed the stock exchanges that notices regarding the deduction of tax at source (TDS) on dividend and KYC updation were published in newspapers, specifically the Financial Express and Loksatta, on July 7, 2026. This communication was submitted to BSE Limited and National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TDS Compliance and Documentation

In accordance with the provisions of the Income Tax Act, 2025, dividend paid by the company is taxable in the hands of shareholders. Consequently, the company is required to deduct tax at the prescribed rate depending upon the status and category of the shareholders. Shareholders have been requested to update their PAN with Depository Participants for shares held in dematerialised form and with KFin Technologies Limited, the Registrar and Transfer Agent, for shares held in physical form.

The company has specified that it will accept only Form 121 for the purpose of TDS computation for the financial year ended March 31, 2026. Forms 15G and 15H will not be accepted. Shareholders must upload the necessary documents at https://iris.kfintech.com/form15 or email them to einward.ris@kfintech.com on or before August 17, 2026, to enable the determination of the appropriate TDS or withholding tax rate. No communication on tax determination will be entertained post this deadline.

Key Dividend Details

The Board's recommendation is subject to shareholder approval. The following table outlines the key details:

Parameter Details
Dividend per share ₹10
Face Value ₹10
Dividend Percentage 100%
Financial Year FY26
Board Meeting Date May 28, 2026
TDS Document Deadline August 17, 2026

Shareholders holding shares in physical form must ensure their KYC details are submitted to the company or its RTA, as dividend payments will be made only through electronic mode upon receipt of these details. Rabindra Purohit, VP – Legal, Compliance & Company Secretary, signed the communication on behalf of Deepak Fertilisers And Petrochemicals Corporation Limited.

Historical Stock Returns for Deepak Fertilisers & Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%+3.69%-0.23%+38.99%-1.65%+292.18%

How will the 100% dividend payout impact Deepak Fertilisers' capital expenditure plans for the upcoming fiscal year?

What is the expected impact of the new Income Tax Act, 2025 provisions on the net dividend yield for retail investors?

Will the company maintain this high dividend distribution ratio in FY27 given the current volatility in fertilizer input costs?

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Deepak Fertilisers appoints Dr. Naresh Kumar Puritipati as President – Human Resources

1 min read     Updated on 03 Jul 2026, 01:32 AM
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Deepak Fertilisers & Petrochemicals Corporation Limited has appointed Dr. Naresh Kumar Puritipati as President – Human Resources effective July 2, 2026. He brings over 25 years of experience in HR strategy and organizational transformation. Consequently, Mr. Naresh Piniseti ceases to hold the additional interim responsibility of the Human Resources function.

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Deepak Fertilisers & Petrochemicals Corporation Limited has appointed Dr. Naresh Kumar Puritipati as President – Human Resources, effective July 2, 2026. This leadership change aims to strengthen the company's human resources function with a dedicated senior executive. Dr. Puritipati brings over 25 years of experience in HR strategy and organizational transformation across multinational companies and Indian conglomerates.

Consequent to this appointment, Mr. Naresh Piniseti, President – Corporate Governance, ceases to hold the additional responsibility of leading and managing the Human Resources function, which he held on an interim basis. Mr. Piniseti will continue to serve as President – Corporate Governance.

Profile of the Appointee

Dr. Naresh Kumar Puritipati holds a PhD in Human Resource Management, a Post Graduation in Human Resource Management, and a Graduation in Personnel Management & Industrial Relations. His expertise spans HR Strategy, Organizational Transformation, Leadership Development, Industrial Relations, and cultural integration across India, Malaysia, and Myanmar.

Prior to joining the company, Dr. Puritipati was associated with Lactalis India as Group HR Director. His career includes significant tenures with Spencer's Retail Ltd. and various divisions of Coca-Cola, including Hindustan Coca-Cola Beverages Pvt Ltd., Coca-Cola Pinya Beverages (Myanmar), and Coca-Cola Bottler (Malaysia), in HR leadership positions.

Key Management Changes

The following table summarizes the changes in senior management personnel:

Sr. No. Particulars Details
1 Reason for change Appointment of Dr. Naresh Kumar Puritipati. Mr. Naresh Piniseti ceases to hold additional interim responsibility of Human Resources.
2 Date of appointment/cessation July 2, 2026.
3 Brief profile PhD in Human Resource Management with over 25 years of experience. Previously Group HR Director at Lactalis India.

Historical Stock Returns for Deepak Fertilisers & Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%+3.69%-0.23%+38.99%-1.65%+292.18%

How will Dr. Puritipati's international experience influence Deepak Fertilisers' talent strategy in emerging markets?

What specific organizational transformations can be expected under the new HR leadership?

Will this appointment lead to a restructuring of the company's leadership development programs?

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1 Year Returns:-1.65%