Dhunseri Investments details TDS norms for Rs 3 FY26 dividend

Dhunseri Investments Limited has communicated the deduction of tax at source (TDS) norms for the final dividend of Rs 3.00 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on May 27, 2026, is subject to shareholder approval at the Annual General Meeting (AGM) on August 20, 2026. The company specified that the Register of Members will remain closed from August 14, 2026, to August 20, 2026, to determine eligibility, with payment scheduled within 30 days of the AGM. In accordance with the Income Tax Act, 2025, the dividend is taxable in the hands of members, and the company is required to deduct TDS at applicable rates.

TDS Compliance for Resident Members

The company outlined that no TDS will be deducted for resident individuals if the aggregate dividend paid during the financial year does not exceed Rs 10,000. For amounts exceeding this threshold, a TDS rate of 10% applies if the Permanent Account Number (PAN) is valid. A higher rate of 20% will be deducted if the PAN is invalid, not linked with Aadhaar, or if the shareholder fails to provide PAN. Exemptions are available for shareholders submitting Form 121, a Section 197 order, or specific entities such as Mutual Funds, Insurance Companies, and Alternative Investment Funds.

TDS Compliance for Non-Resident Members

For non-resident members, the standard TDS rate is 20%, plus applicable surcharge and cess. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to this 20% rate, which cannot be reduced under Double Tax Avoidance Agreements (DTAA) or lower tax deduction orders. Other non-resident shareholders may opt for the beneficial DTAA rate, provided it is lower than the domestic rate, by submitting specific documents including a Tax Residency Certificate (TRC) and Form 10F.

Key TDS Rates for Resident Members

Category	Applicable Rate	Condition
Dividend up to Rs 10,000	NIL	Resident individual
Dividend exceeding Rs 10,000	10%	With valid PAN
Invalid/No PAN	20%
PAN not linked with Aadhaar	20%

The company emphasized that all documents for claiming tax relief must be submitted online by 23:59 hours on August 13, 2026. Shareholders holding shares in physical form must ensure their KYC details, including PAN and bank account specifics, are updated with the Registrar and Transfer Agents, Maheshwari Datamatics Pvt. Ltd., to avoid withholding of dividend. The company clarified that it would not entertain requests for revision of TDS returns based on records provided by depositories or the Registrar.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.69%	+0.28%	-1.37%	-36.79%	-41.50%	+59.49%

Dhunseri Investments Limited reported a consolidated net profit of ₹4,657.37 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹13,971.73 lakh recorded in the previous year. This turnaround was driven by a significant share of profit from equity-accounted investees, which amounted to ₹17,410.30 lakh, and performance from the Flexible Packaging Film segment. Consequently, the Board has recommended a dividend of ₹3 per equity share, or 30%, subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 20, 2026.

The Board approved the audited annual accounts and financial results for the year. Statutory auditors M/s. U S Agarwal & Associates issued an unmodified opinion on the standalone and consolidated financial results. The Register of Members and Share Transfer Books will remain closed from August 14, 2026, to August 20, 2026, for the AGM and dividend payment.

Operational Performance

On a consolidated basis, total income for FY26 stood at ₹42,355.91 lakh, a decrease from ₹51,521.88 lakh in the previous year. The Flexible Packaging Film segment remained the largest revenue contributor, generating segment revenue of ₹35,050.69 lakh. The Treasury Operations segment reported a loss of ₹9,882.90 lakh, influenced by fair value changes. The company reclassified its Food & Beverages segment as a discontinued operation following the loss of control over step-down subsidiary Twelve Cupcakes Pte Limited in October 2025.

Financial Position and Cash Flows

The company’s consolidated assets as of March 31, 2026, totaled ₹5,09,635.47 lakh, an increase from ₹4,41,647.52 lakh in the previous year. This growth was supported by a substantial rise in borrowings to ₹95,103.16 lakh and capital work-in-progress of ₹81,874.20 lakh. Cash and cash equivalents decreased to ₹9,511.20 lakh from ₹14,063.86 lakh, largely due to heavy investing activities which resulted in a net cash outflow of ₹72,543.30 lakh.

Corporate Governance and Appointments

The Board approved the re-appointment of Mrs. Aruna Dhanuka as Managing Director & CEO for a further period of five years effective May 27, 2026, subject to shareholder approval. Additionally, Ms. Rusha Mitra was appointed as an Additional Director in the category of Independent Non-Executive Director for a term of five years.