Ganesh Housing has released comprehensive instructions for shareholders regarding the tax implications of its proposed final dividend for the financial year ending March 31, 2026 (FY26). The Board of Directors recommended a dividend of ₹1.50 per equity share of face value ₹10 each during its meeting on May 29, 2026. This payout is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).

The company emphasized that under the Income Tax Act, 2025, dividends distributed after April 1, 2020, are taxable in the hands of the recipients. Consequently, Ganesh Housing will deduct tax at source (TDS) at applicable rates when paying the dividend for Tax Year (TY) 2026-27. Shareholders must submit necessary declarations and documents by specific deadlines to ensure correct tax deduction or exemption.

TDS Rates for Resident Shareholders

For resident shareholders, the standard TDS rate is 10% on the dividend amount, unless an exemption applies. Individuals receiving aggregate dividends not exceeding ₹10,000 during TY 2026-27 are exempt from TDS. Additionally, individual residents can claim a nil TDS rate by submitting a valid Form 121, certifying that their total income does not exceed the basic exemption limit or that they have no tax liability.

Other resident entities eligible for nil TDS include mutual funds specified under Schedule VII, insurance companies exempted under Section 393(4), Alternative Investment Funds (AIFs) registered with SEBI, and entities exempt under Section 393(6). These entities must provide self-declarations and relevant registration certificates.

Shareholders without a valid PAN, or those who have not linked their PAN with Aadhaar, will face a higher TDS rate of 20%. The company noted that PAN linkage with Aadhaar is mandatory as per Section 206AA of the Act, with non-compliant PANs deemed invalid.

Key Deadlines for Documentation

To avail of lower or nil TDS rates, shareholders must adhere to strict submission timelines:

• Email Submission Deadline: Shareholders must email required documents, such as Form 121, Tax Residency Certificates (TRC), or lower tax certificates, to secretarial@ganeshhousing.com on or before August 29, 2026.
• Record Date: All declarations and documents must reach the Registrar and Transfer Agent, MCS Share Transfer Agent Ltd, on or before August 31, 2026. Forms received after this date or those that are incomplete will not be considered for tax exemptions.

Non-Resident Shareholder Guidelines

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to a TDS rate of 20% plus applicable surcharge and cess. However, they may opt for the lower rate provided under the Double Taxation Avoidance Agreement (DTAA) between India and their country of residence.

To claim DTAA benefits, non-resident shareholders must compulsorily submit:

• A valid Tax Residency Certificate (TRC).
• A filed Form 41 online via the income tax e-portal.
• A self-declaration form (Annexure-2).
• SEBI registration certificates for FPIs/FIIs.

The company retains sole discretion to apply domestic TDS rates if documentation is incomplete or unsatisfactory. Non-residents who are tax residents of Notified Jurisdictional Areas face a higher TDS rate of 30%.

What the Numbers Show

The dividend recommendation of ₹1.50 per share on a face value of ₹10 implies a payout ratio of 15% relative to the nominal value of the equity shares. While the absolute dividend amount is modest, the explicit communication on TDS procedures highlights the regulatory compliance burden on retail and institutional investors alike. The strict deadline of August 29, 2026, for document submission underscores the operational timeline required for the company to process withholdings before the record date of August 31, 2026.

Ganesh Housing Limited will hold its 35th Annual General Meeting (AGM) on Friday, September 11, 2026, at 3:00 p.m. (IST). The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM), allowing shareholders to participate remotely without physical presence. This virtual format ensures accessibility for all equity holders while complying with regulatory guidelines for remote corporate governance.

The company published newspaper advertisements in the Financial Express (English) and Financial Express (Gujarati) on August 12, 2026, to notify stakeholders of the meeting details and e-voting procedures. The Annual Report for FY26, along with the notice convening the AGM, was dispatched electronically on Tuesday, August 11, 2026, to members whose email addresses are registered with the Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, or with the depositories. These documents are also accessible on the company’s website, the BSE and NSE portals, and the Central Depository Services (India) Limited (CDSL) e-voting platform.

E-Voting Timeline and Eligibility

Shareholders are provided with the facility to cast their votes electronically through CDSL’s remote e-voting system. The voting rights are determined based on the equity shares held by shareholders as of Monday, August 31, 2026, which serves as both the cut-off date for voting eligibility and the record date for dividend entitlement for FY26, subject to member approval at the AGM.

The remote e-voting module will remain active from September 8 to September 10. Shareholders who have not cast their votes during this remote period may vote electronically during the AGM if they attend via VC/OAVM. However, those who have already voted remotely are not entitled to vote again during the meeting. Any person who acquires shares after the dispatch of the AGM notice but before the cut-off date is eligible to vote by following the remote e-voting instructions provided in the notice.

Regulatory Compliance and Grievance Redressal

The e-voting process is conducted pursuant to Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44(I) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate electronic voting facilities to enhance shareholder participation and transparency in corporate decision-making.

Shareholders facing technical issues or queries regarding the CDSL e-voting system can contact the helpdesk at helpdesk.evoting@cdslindia.com or call the toll-free number 18002109911. Grievances related to the voting facility should be directed to Rakesh Dalvi, Assistant Vice President at Central Depository Services (India) Limited, located at Marathon Futurex, Lower Parel, Mumbai. Detailed information about the AGM and e-voting procedures is available on the websites of Ganesh Housing Limited, CDSL, BSE, and NSE.