Godrej Consumer Products Limited has announced the declaration of an interim dividend of ₹5 per equity share for the financial year 2026-27. The record date for determining shareholder eligibility has been set as Tuesday, May 12, 2026. This announcement follows the company's Board Meeting held on May 6, 2026, where the audited financial results for the year ended March 31, 2026, were also approved.

The company has communicated that dividend payments are taxable in the hands of shareholders under the Income Tax Act, 2025. Consequently, the company is required to deduct tax at source (TDS) at applicable rates. The company has urged all shareholders to ensure their details, including Permanent Account Number (PAN), Aadhaar, and residential status, are updated with their Depository Participants or the Registrar and Share Transfer Agent (MUFG Intime India Private Limited) by the end of May 12, 2026, to ensure correct tax deduction.

Tax Deduction Provisions

For resident individual shareholders, TDS will be deducted at 10% if a valid PAN is provided. If the PAN is not submitted or is invalid, the TDS rate will be 20%. No tax will be deducted if the aggregate dividend distributed during the financial year does not exceed ₹10,000 or if the shareholder submits a valid declaration in Form 121.

Resident shareholders other than individuals, such as Mutual Funds, Insurance Companies, and Alternative Investment Funds (AIF), may be eligible for a Nil TDS rate provided they submit sufficient documentary evidence, including self-attested PAN copies and specific declarations regarding their exemption status.

Non-Resident Shareholder Guidelines

For non-resident shareholders or foreign companies, the withholding tax rate is generally 20% plus applicable surcharge and cess. However, these shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable. To avail these benefits, non-resident shareholders must furnish a self-attested Tax Residency Certificate (TRC), Form 41, and a declaration confirming they have no Permanent Establishment in India.

The company emphasized that the application of beneficial DTAA rates depends on the completeness and satisfactory review of submitted documents. Shareholders have been advised to upload necessary documents via the RTA portal by the record date. The company clarified that once tax is deducted, no claims for revision against the company will be entertained, though shareholders may claim refunds while filing their income tax returns.

godrej consumer products witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 185,274 shares transacted at a price of ₹1086.90 per share, aggregating to a total deal value of ₹20.14 crores. Block trades, which involve the purchase or sale of a large number of shares in a single transaction, are typically executed by institutional investors and are closely tracked by market participants.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Market Significance

Block trades of this magnitude are significant market events as they reflect large-scale institutional activity in a stock. Such transactions are executed outside the regular order book to minimize market impact and are disclosed to exchanges as part of transparency requirements. The trade in Godrej Consumer Products underscores continued institutional interest in the company's shares.