Dhunseri Tea & Industries has communicated the tax deduction at source (TDS) provisions applicable to the dividend of Rs 2 per equity share recommended for the financial year ended March 31, 2026. The dividend, subject to shareholder approval at the Annual General Meeting on August 19, 2026, is scheduled to be paid on or after August 25, 2026. The company outlined the specific TDS rates and documentation requirements for various shareholder categories to ensure compliance with the Income-tax Act, 2025.

TDS Rates for Resident Shareholders

For resident shareholders, the TDS rate is determined by the dividend amount and the validity of the Permanent Account Number (PAN). No tax will be deducted if the aggregate dividend paid during the financial year does not exceed Rs 10,000. If the dividend exceeds this threshold and the shareholder holds a valid PAN, the TDS rate is set at 10%. In cases where the PAN is invalid, not linked with Aadhaar, or not provided, the tax deduction rate increases to 20%.

Certain categories of resident shareholders are eligible for a NIL TDS rate upon submission of specific declarations. These include individuals submitting Form 121, entities providing a lower withholding tax certificate under Section 395 of the Income Tax Act, and specified entities such as Mutual Funds, Insurance Companies, Alternative Investment Funds (AIF), and the New Pension System Trust.

TDS Provisions for Non-Resident Shareholders

Non-resident members face a standard TDS rate of 20%, plus applicable surcharge and cess. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are specifically subject to this 20% rate, which cannot be reduced by Double Tax Avoidance Agreement (DTAA) benefits or lower tax deduction orders. However, other non-resident shareholders may opt for the lower Tax Treaty Rate if the provisions of the DTAA between India and their country of residence are more beneficial.

To claim the beneficial DTAA rate, non-resident shareholders must submit a comprehensive set of documents. These include a copy of the Indian PAN, a Tax Residency Certificate (TRC) for Financial Year 2026-27, Form 10F, and a self-declaration confirming tax residency, eligibility for DTAA benefits, and the absence of a permanent establishment in India.

Compliance and Documentation Deadlines

The company has mandated that all documents required for tax relief or lower TDS deduction must be submitted via the specified online portal. The links for document submission will be disabled after 23:59 hours on August 11, 2026. Shareholders are advised to submit scanned copies of documents such as PAN, Form 121, Form 10F, and self-declarations, ensuring they are self-attested as "certified true copy of the original".

Dhunseri Tea & Industries clarified that documents submitted prior to this communication will not be considered, and shareholders must resubmit relevant forms for the financial year 2026-27. The company emphasized that it is not obligated to apply beneficial DTAA rates if the documentation is incomplete or unsatisfactory. In cases where tax is deducted at a higher rate due to insufficient information, shareholders may file a return of income to claim a refund, but no claim will lie against the company for such deductions.

Naga Dhunseri Group Limited, a promoter group entity, has increased its stake in Dhunseri Tea & Industries Limited through the acquisition of 11,000 equity shares. The transaction, valued at ₹14,68,500, was executed on the market on June 2, 2026. This disclosure was made to the stock exchanges in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The acquisition has raised the promoter group's total shareholding in the company. Prior to the purchase, Naga Dhunseri Group Limited held 57,33,221 equity shares, accounting for 54.56% of the paid-up share capital. Following the latest transaction, the entity now holds 57,44,221 equity shares, which constitutes 54.67% of the company's shareholding.

The filing, submitted by Company Secretary and Compliance Officer Urmi Bhotika, confirmed that the intimation regarding the acquisition was received by the company on June 5, 2026. The shares were acquired from the open market, as indicated in the disclosure form.

Shareholding Details

The following table outlines the changes in the shareholding pattern of Naga Dhunseri Group Limited:

The document also noted that there were no trading activities in the derivatives segment by the promoter group during the relevant period. The disclosure was formally addressed to BSE Limited and the National Stock Exchange of India Ltd. on June 9, 2026.