IVP Limited has announced a dividend of ₹1.5 per equity share for the financial year ended March 31, 2026, pending approval by shareholders at the 97th Annual General Meeting scheduled for August 06, 2026. The company outlined the tax implications for the payout, noting that tax will be deducted at source (TDS) in accordance with the Income Tax Act, 2025. The record date for determining dividend eligibility is July 30, 2026, with payouts commencing August 10, 2026.

The Board of Directors recommended the 15% dividend at a meeting held on May 21, 2026. Shareholders are required to ensure their bank account details are updated in their demat accounts or physical folios to facilitate timely credit. The company emphasized that the tax deduction rates will vary based on the residential status of the shareholder and the documentation submitted.

For resident individuals, TDS will be deducted at 10% if a valid Permanent Account Number (PAN) is registered. No tax will be deducted if the total dividend does not exceed ₹10,000 or if the shareholder submits Form 121. In cases where PAN is invalid, not linked with Aadhaar, or unavailable, a higher TDS rate of 20% will apply.

Resident shareholders other than individuals, such as insurance companies, mutual funds, and Alternative Investment Funds, may be exempt from TDS upon submission of specific self-declarations and registration certificates. These entities must provide proof of registration with relevant bodies like the Insurance Regulatory and Development Authority (IRDA) or the Securities and Exchange Board of India (SEBI).

Non-resident shareholders face a withholding tax rate of 20%, plus applicable surcharge and cess, under domestic tax laws. They may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable. To claim DTAA benefits, non-residents must submit a Tax Residency Certificate for 2026-27, a self-attested PAN copy, and a self-declaration in Form 41.

Shareholders must submit all relevant tax-related documents, including Form 121 and declarations under specific sections of the Act, by July 30, 2026. The company specified that documents received after this date will not be considered, potentially resulting in a higher TDS deduction. IVP Limited clarified that it is not obligated to apply beneficial DTAA rates if the documentation is incomplete or unsatisfactory.

IVP Limited has fixed Thursday, July 30, 2026, as the record date to determine shareholders eligible for the final dividend of ₹1.5 per equity share of ₹10 each for the financial year 2025-26. The dividend is subject to approval at the 97th Annual General Meeting (AGM) scheduled for August 6, 2026. If declared, the payout will be made on or after Monday, August 10, 2026, subject to tax deduction at source as applicable.

For the financial year ended March 31, 2026, IVP Limited reported a 65% increase in profit after tax (PAT) to ₹1,868 Lakhs, compared to ₹1,131 Lakhs in the previous year. Revenue from operations grew to ₹59,455 Lakhs from ₹53,885 Lakhs in FY25. The company’s EBITDA stood at ₹3,852 Lakhs, up from ₹2,878 Lakhs in the preceding year.

AGM and Resolutions

The Board of Directors has recommended the dividend amounting to a total payout of ₹155 Lakhs. The AGM will be held via video conferencing on Thursday, August 6, 2026, at 11:00 a.m. IST. Shareholders must ensure their names appear on the Register of Members as of the record date to vote and receive dividends.

Re-appointments and Ratifications

The Board proposes the re-appointment of M/s. Rajendra & Co, Chartered Accountants, as Statutory Auditors for a five-year term ending in 2031, with a proposed audit fee of ₹13 Lakhs for FY27. Shareholders will also vote on the re-appointment of Independent Directors Mr. Ranjeev Lodha and Ms. Mala Tadarwal for second terms concluding in 2031.

Resolutions include approving commission for non-executive directors, not exceeding 1% of net profits annually for five years from April 1, 2027, and ratifying remuneration for Cost Auditors M/s. Kishore Bhatia & Associates at ₹1,80,000 plus taxes for FY27.

Key AGM Details

Mr. Aqueel A. Mulla of A. A. Mulla & Associates has been appointed as the Scrutinizer for the e-voting process.