Dhunseri Ventures Limited reported a standalone net profit of ₹549.70 lakhs for the financial year ended March 31, 2026 (FY25), marking a 90.8% decline from ₹60.8 crore in FY24. The sharp contraction was driven by an exceptional one-time write-off of ₹26.26 crore related to the liquidation of its subsidiary, Twelve Cupcakes Pte. Ltd., and fair value losses on financial assets. Total income fell 3.5% to ₹385.8 crore, while profit before tax swung to a loss of ₹13.9 lakhs from a profit of ₹75.3 crore.

The Board of Directors recommended a final dividend of ₹1.50 per equity share, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for August 18, 2026. This represents a significant reduction from the ₹5.00 per share paid in the previous year. An interim dividend of ₹3.50 per share was declared during the year. The company also proposed the re-appointment of Mrs. Aruna Dhanuka as Managing Director for five years and Mr. Sameer Sah as Independent Director.

Financial Performance

Standalone revenue from operations declined 10.1% to ₹263.7 crore from ₹293.3 crore in FY24. Other income rose 14.6% to ₹122.1 crore, supported by higher dividend income from associates. However, total expenses surged to ₹360.9 crore from ₹324.6 crore, largely due to losses on the disposal of financial assets.

Operational Updates

The company’s wholly-owned subsidiary, Dhunseri Poly Films Pvt. Ltd. (DPFPL), continues its expansion with a new BOPET line in West Bengal expected to commence production in April 2028. Its BOPP film line in Jammu is targeted for operation by late 2026. Meanwhile, the IT Complex project in a Special Economic Zone remains constrained, with accumulated capital work-in-progress of ₹46.23 crore.

What the Numbers Show

The divergence between operating performance and bottom-line results highlights the volatility inherent in the company’s treasury operations. While revenue declined modestly, the exceptional item—a ₹26.26 crore impairment loss on Twelve Cupcakes Pte. Ltd.—was the primary driver of the profit collapse. This suggests that core trading and investment activities remained relatively stable, but the cleanup of non-performing overseas assets significantly impacted FY25 profitability. The reduction in dividend payout aligns with this lower earnings base.

Dhunseri Ventures has detailed the Tax Deduction at Source (TDS) provisions applicable to the final dividend of Rs 1.50 per share for the financial year 2025-26. The dividend, recommended by the Board on May 26, 2026, is payable following approval at the Annual General Meeting scheduled for August 18, 2026. The Register of Members will remain closed from August 12, 2026, to August 18, 2026, with the record date set for August 11, 2026, to determine shareholder eligibility.

Under the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividend income is taxable in the hands of shareholders. Consequently, the company is mandated to deduct TDS at prescribed rates. The communication outlines specific rates and documentation requirements for various shareholder categories to ensure compliance with the new regulations effective April 1, 2026.

For resident shareholders, no TDS applies if the aggregate dividend income during the financial year does not exceed Rs 10,000. If the income exceeds this threshold and the shareholder holds a valid PAN, the TDS rate is set at 10%. A higher rate of 20% applies if the PAN is invalid, not linked with Aadhaar, or if the shareholder fails to provide PAN. Exemptions are available for specific entities such as Mutual Funds, Insurance Companies, and Alternative Investment Funds upon submission of self-declarations and relevant documents.

Non-resident shareholders are subject to a TDS rate of 20%, plus applicable surcharge and cess. This includes Foreign Institutional Investors and Foreign Portfolio Investors. However, non-resident shareholders may opt for the lower Tax Treaty Rate if the Double Tax Avoidance Agreement (DTAA) provisions are more beneficial. To claim this beneficial rate, shareholders must submit a Tax Residency Certificate, Form 10F, and a self-declaration confirming their tax residency status and beneficial ownership by August 11, 2026.

TDS Rates for Resident Shareholders

The company has mandated that dividend payments to security holders holding shares in physical form must be made via electronic mode. This requires shareholders to furnish KYC details, including PAN, nomination, contact details, and bank account information to the Registrar and Transfer Agents, Maheshwari Datamatics Pvt. Ltd. Failure to update these details will result in the dividend being withheld. Shareholders must submit all necessary tax relief documents by 23:59 hours on August 11, 2026, to avail of lower TDS rates or exemptions.