Igarashi Motors India Ltd has recommended a final dividend of ₹1.30 per equity share for the financial year 2025-26, subject to shareholder approval at the 34th Annual General Meeting scheduled for August 7, 2026. The record date for determining dividend eligibility is fixed for July 31, 2026. To ensure the correct deduction of tax at source (TDS) under the Income-tax Act, 2025, the company has mandated that shareholders submit specific tax-related documents by July 24, 2026.

TDS Rates for Resident Shareholders

For resident shareholders, the standard TDS rate is 10% under Section 393(1) of the Act. However, no TDS will be deducted if the dividend amount does not exceed ₹10,000 in a financial year. Shareholders can potentially avail of a nil TDS rate if they submit valid documents such as Form 121, PAN card details, or self-declarations for exempt categories like LIC, GIC, Business Trusts, and mutual funds by the deadline.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders are subject to TDS at 20% plus applicable surcharge and cess, or the tax treaty rate, whichever is beneficial. To avail of the lower treaty rate, documents such as a Tax Residency Certificate valid for TY 2026-27 and digital Form 41 must be submitted. Shareholders residing in Notified Jurisdictional Areas face a higher rate of 30%.

Compliance and Submission Details

The company emphasized that TDS will be deducted at higher rates if the required documents are not received by 5:00 PM IST on July 24, 2026. Shareholders must update their bank account details, PAN, and residential status with their depository participants or the company's Registrar and Transfer Agent, Cameo Corporate Services Limited. Dividends will be paid exclusively through electronic mode as per SEBI mandates.

Igarashi Motors India Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The secretarial audit, conducted by BP & Associates, verified that the listed entity adhered to statutory provisions and corporate governance requirements without deviation. This compliance is crucial for maintaining investor confidence and ensuring the company's adherence to regulatory frameworks governing the Indian capital markets.

The Annual Secretarial Compliance Report, submitted pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by Mr. Prabhakar Chandrasekaran, Partner at BP & Associates. The examination covered various SEBI regulations, including those related to insider trading, disclosures, and related party transactions. The auditor confirmed that the company has complied with all provisions of the regulations and circulars issued thereunder.

Compliance Status

The review confirmed that Igarashi Motors maintained all applicable policies under SEBI regulations with board approval and updated them timely. The company also ensured the preservation of documents as prescribed and conducted performance evaluations of the Board and its committees. There were no disqualifications of directors under Section 164 of the Companies Act, 2013.

Regulatory Actions and Non-Compliances

The report explicitly stated that no actions were taken against Igarashi Motors India Limited , its promoters, directors, or subsidiaries by SEBI or the stock exchanges during the review period. Additionally, the auditor noted that there were no additional non-compliances observed regarding SEBI regulations, circulars, or guidance notes. The resignation of statutory auditors was also not applicable during the financial year.