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.

Goodricke Group Limited will hold its 50th Annual General Meeting (AGM) on Wednesday, July 29, 2026, at 2:30 P.M. IST via video conferencing and other audio-visual means. The meeting will be conducted without physical presence at a common venue, in compliance with the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) circulars. Shareholders will vote on the approval of a dividend of ₹22 per equity share for the financial year ended March 31, 2026.

The record date to determine shareholder eligibility for the dividend is July 22, 2026. The dividend will be paid to members whose names appear in the register of members on the record date, subject to approval at the AGM. The company has stated that tax deducted at source (TDS) details are available on its website.

Electronic copies of the AGM notice and the annual report for the financial year 2025-26 will be sent to shareholders whose email IDs are registered with the company or depository participants. Shareholders holding shares in dematerialized form are requested to register their email IDs and mobile numbers with their depositories. Those holding physical shares must furnish details to the registrar and share transfer agent, MUFG Intime India Pvt. Ltd.

The meeting complies with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs, including General Circular No. 03/2025 dated September 22, 2025. The notice and annual report will also be available on the company's website and the websites of BSE Limited and National Securities Depository Limited.