Industrial & Prudential Investment Company Ltd has detailed the tax deduction at source (TDS) requirements for the final dividend of ₹120 per share recommended for the financial year ended March 31, 2026. The company informed shareholders that tax will be deducted at source as per the Income-tax Act, 2025, and urged them to update details to avoid higher rates. The record date to determine eligibility is Wednesday, 12 August 2026, while the 110th Annual General Meeting (AGM) is scheduled for Thursday, 20 August 2026.

The Board recommended the dividend of ₹120 per equity share, representing 1200% of the face value of ₹10 each. Payout will commence from 21 August 2026 subject to AGM approval. Under the Income-tax Act, 2025, dividend is taxable in the hands of shareholders. The company warned that tax will be deducted at a higher rate of 20% if the shareholder's Permanent Account Number (PAN) is invalid or not linked with Aadhaar as per prescribed timelines.

Shareholders must ensure specific details are updated with their depository participant or the Registrar and Share Transfer Agent (RTA) before the record date. Required updates include residential status (Resident or Non-Resident for Tax Year 2026-27), valid PAN, category of shareholder, email address, and residential address with postal code. The company will rely on data available in the Register of Members on the record date to determine the applicable TDS rate.

TDS Rates for Shareholders

Payment of dividend will be made solely through electronic mode. Members holding physical shares must update KYC details, including valid PAN and bank account details, to avoid withholding of the payout. Shareholders must submit forms and documents for claiming tax exemption to MUFG Intime India Private Limited by 12 August 2026 (5:00 p.m. IST).

Industrial & Prudential Investment Company Limited has closed its trading window for designated persons and their immediate relatives effective July 1, 2026. This restriction is in accordance with the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives, adopted under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The measure aims to prevent insider trading during the period leading up to the announcement of financial results.

The trading window will remain closed until the expiry of 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The company will release both standalone and consolidated results for Q1FY26. The specific date for the board meeting to consider these financial results has not yet been announced and will be intimated in due course.

Key Dates

The closure applies to all designated persons and their immediate relatives, ensuring compliance with regulatory norms. Shilpishree Choudhary, Company Secretary & Compliance Officer, signed the notice on June 22, 2026.