Hatsun Agro Product Limited has declared a first interim dividend of Rs 10 per equity share, equivalent to 1000% on the face value of Re 1, for the financial year 2026-27. Shareholders holding shares on the record date of May 26, 2026, are entitled to receive this dividend. The company stated that tax will be deducted at source (TDS) as per the Income Tax Act, 2025, before the dividend is paid.

The Board of Directors approved the dividend at a meeting held on May 19, 2026. The withholding tax rate will vary based on the residential status of the shareholder and the documents submitted. For resident shareholders with a valid PAN, the TDS rate is 10%, while it rises to 20% if the PAN is not registered or is invalid. Shareholders may submit Form 121 (formerly Form 15G/15H) to claim a NIL rate if their estimated total income for FY 2026-27 results in zero tax liability. Dividends up to Rs 10,000 for the financial year are exempt from TDS for resident individuals.

Tax Rates and Documentation

The company has outlined specific documentation requirements for different categories of shareholders to ensure the correct tax rate is applied. The table below details the applicable rates and necessary submissions.

Non-Resident Shareholder Provisions

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to a TDS rate of 20% plus surcharge and cess, or the applicable Tax Treaty rate, whichever is lower. To avail of the lower Tax Treaty rate, shareholders must submit a Tax Residency Certificate (TRC) for FY 2026-27 or later, a self-attested PAN copy, and a mandatory electronically filed Form 41 (formerly Form 10F). A self-declaration confirming beneficial ownership and the absence of a Permanent Establishment in India is also required.

Hatsun Agro Product emphasized that it is not obligated to apply beneficial Tax Treaty rates if the submitted documents are incomplete or unsatisfactory. Shareholders must submit all tax exemption forms and supporting documents via the web portal managed by M/s. Integrated Registry Management Services Pvt Ltd by June 3, 2026. Communications received after this date will not be considered for the dividend payment. The company will email TDS certificates to registered email IDs post-payment, and credits will be reflected in Form 26AS.

Hatsun Agro Product Limited has informed the stock exchanges regarding the transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF). In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published advertisements in the Financial Express and Makkal Kural to notify shareholders about this regulatory requirement.

Transfer of Unclaimed Dividends and Shares

The company stated that shares in respect of which dividend has not been paid or claimed for seven consecutive years or more are liable to be transferred to the DEMAT Account of the IEPF Authority. Hatsun Agro will send individual notices to concerned shareholders at their latest available addresses. The full details of such shareholders and shares due for transfer have been uploaded on the company's website at www.hap.in .

Shareholders holding shares in physical form should note that the company will issue duplicate share certificates for the purpose of transfer to the IEPF. Consequently, the original share certificates registered in their names will stand automatically cancelled and deemed non-negotiable. The details uploaded on the website shall be deemed adequate notice regarding the issue of duplicate certificates.

Shareholder Action Required

If the company does not receive any communication from the concerned shareholders by August 24, 2026, it will proceed to transfer the shares and unclaimed dividend to the IEPF Authority as per the stipulated procedures. Shareholders may note that both the unclaimed dividend and the shares transferred to the IEPF, including all accruing benefits, can be claimed back from the Authority by following the prescribed procedure.

Special Window for Dematerialisation

Pursuant to a SEBI circular dated January 30, 2026, the company has informed shareholders about a special window for the transfer and dematerialisation of physical securities. This facility is available for one year, from February 5, 2026, to February 4, 2027. It applies to physical securities that were sold or purchased prior to April 1, 2019, including fresh lodgements and requests that were previously rejected or returned due to deficiencies.

Shares lodged for transfer during this window will be processed only in demat mode and will be subject to a lock-in period of one year from the date of registration of transfer. Shareholders can avail of this opportunity by submitting the requisite documents to the company's Registrar and Share Transfer Agent, Integrated Registry Management Services Private Limited.