Goodricke Group Limited has fixed July 22, 2026 as the record date to determine members entitled to receive the dividend, which will be declared at the Fiftieth Annual General Meeting (AGM) scheduled for July 29, 2026. The company reported a net profit of ₹255.52 million for the financial year ended March 31, 2026, an increase from ₹200.58 million in the previous year, despite a dip in revenue from operations to ₹8,012.90 million attributed to challenging climatic conditions affecting bulk tea yields.

The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) without physical presence. Remote e-voting facilities will be available from July 25, 2026, at 9:00 A.M. (IST) to July 28, 2026, at 5:00 P.M. (IST). Members whose names appear in the register of members or beneficial owners as on the cut-off date of July 22, 2026, are entitled to vote. The Board has recommended the appointment of Deloitte Haskins & Sells LLP as statutory auditors for a five-year term and the re-appointment of Mr. Shaibal Dutt as Managing Director and CEO for three years.

Financial Performance

For the year ended March 31, 2026, the company’s total comprehensive income stood at ₹329.54 million compared to ₹293.14 million in the prior year. Finance costs reduced to ₹66.22 million from ₹101.69 million in FY25.

Operational Highlights

The Dooars gardens recorded a production of 10.15 million kgs, a decline from 16.12 million kgs in the previous year, due to adverse weather conditions and pest-related challenges. Conversely, the Assam gardens registered a marginal improvement in production, achieving 3.33 million kgs. The instant tea business recorded a successful year with record export volume, while the branded tea division improved profitability through a disciplined product mix and operational efficiencies.

Goodricke Group Limited has announced a final dividend of ₹2 per equity share of ₹10 each for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors on May 27, 2026, is payable following shareholder approval at the 50th Annual General Meeting scheduled for July 29, 2026. The company has outlined specific tax deduction at source (TDS) provisions under the Income Tax Act, 2025, requiring shareholders to submit documentation by July 15, 2026, to avail of lower or nil tax rates.

For resident individual shareholders, TDS will be deducted at 10% on dividend amounts exceeding ₹10,000 if a valid Permanent Account Number (PAN) is on record. Shareholders seeking exemption must submit Form 121 or other prescribed documents via the Shareholders' Portal or through depository participants like NSDL and CDSL. Resident shareholders other than individuals, such as insurance companies and mutual funds, must submit specific declarations to claim exemptions based on their status under the Income Tax Act, 2025.

Non-resident shareholders can claim benefits under Double Tax Avoidance Agreements (DTAA) provided they submit a Tax Residency Certificate (TRC), Form 41, and self-declarations regarding beneficial ownership and permanent establishment. The company emphasizes that a valid PAN is mandatory; otherwise, tax will be deducted at a higher rate of 20% under Section 397 of the Act. Shareholders holding shares in multiple accounts under different statuses should note that the highest applicable tax rate will be considered for their entire holding.

Shareholders must send scanned copies of the required documents to specified email addresses by 7.00 pm IST on July 15, 2026. Communications received after this deadline will not be considered for tax determination. The company clarified that if tax is deducted at a higher rate due to missing documents, shareholders may file a return of income to claim a refund, but no claim will lie against the company for such deductions.

TDS Rates and Document Requirements

Goodricke Group Limited will email a soft copy of the TDS certificate to registered email addresses post-dividend payment. Shareholders can also view the TDS credit in Form 168 via the e-filing portal. The company also requested shareholders to update bank account details and ensure KYC compliance for physical shareholdings to facilitate timely dividend payments.