Sonia Agarwal Bajaj proposed acquiring a 7.01% stake in Donear Industries from promoter Surya Ajay Agarwal through an inter-se gift transaction. The transfer is scheduled for August 25, 2026.

The acquisition involves 36,43,750 equity shares. The transaction falls under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts immediate relatives from making an open offer.

Transaction Details

Sonia Agarwal Bajaj, identified as the sister of the seller, currently holds no shares in the company. Upon completion of the transfer, she will hold 36,43,750 shares, representing 7.01% of the total share capital. Surya Ajay Agarwal will cease to hold these specific shares following the transfer.

Regulatory Context

The intimation clarifies that the transfer was not effected on the date mentioned in a previous June 24, 2026 filing. The company noted that while its shares are not frequently traded on the BSE, they are frequently traded on the NSE. The volume-weighted average market price on the NSE for the 60 trading days preceding the notice was ₹87.34 per share.

The promoters declared that no new encumbrances were created on their shares during the financial year ended March 31, 2026.

Donear Industries has issued a communication to shareholders regarding tax deduction at source (TDS) procedures for its proposed final dividend of ₹0.20 per equity share for FY25. The payout is subject to shareholder approval at the 40th Annual General Meeting.

The Board of Directors recommended the dividend at its meeting held on May 30, 2026. Under the Income Tax Act, 1961, as amended by the Finance Act, 2025, dividend distribution tax has been abolished, making dividend income taxable in the hands of shareholders.

Tax Deduction Guidelines

The company outlined specific TDS rates and documentation requirements for resident and non-resident shareholders to ensure appropriate tax withholding.

Resident Shareholders

Tax is not deducted if the total dividend paid to a resident individual in a financial year does not exceed ₹10,000. For dividends exceeding this threshold, the following rates apply:

Non-Resident Shareholders

Non-resident shareholders are subject to different withholding rates based on their entity type and treaty benefits:

Shareholders seeking beneficial Double Taxation Avoidance Agreement (DTAA) rates must submit complete documentation, including a valid Tax Residency Certificate and Digital Form 41. The company is not obligated to apply DTAA rates without satisfactory review of submitted documents.

Submission Deadline and Compliance

Shareholders must upload required declarations and documents via the Registrar and Transfer Agent’s portal on or before September 4, 2026, at 5:00 pm IST. Communications received after this deadline will not be considered for the current dividend payment.

In cases where tax is deducted at a higher rate due to missing or incomplete documents, shareholders may claim a refund by filing their income tax returns. No claims will lie against the company for such deductions.

Additionally, residents must link their PAN with Aadhaar to avoid TDS at the higher rate of 20% under Section 397(2). Shareholders holding shares in physical folios must ensure bank account details are updated, as SEBI mandates electronic dividend payments only from April 1, 2024.