Jubilant Foodworks CIO resigns to pursue external opportunity

Jubilant Foodworks has announced the resignation of Narottam Sharma from the position of Senior Vice President and Chief Information Officer (CIO). Sharma, who is also designated as Senior Managerial Personnel (SMP), resigned effective July 21, 2026, to pursue an external opportunity. His last working day with the company is scheduled to be September 18, 2026, at the close of business hours.

Resignation Details

The Board of Directors of Jubilant Foodworks has acknowledged the resignation and stated that a successor will be appointed in due course. The company disclosed this change in senior management pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parameter	Details
Name	Narottam Sharma
Designation	Senior Vice President & CIO
Reason for Resignation	To take up an external opportunity
Date of Resignation	July 21, 2026
Last Working Day	September 18, 2026

The transition provides the organization with a defined timeline to manage the handover of responsibilities within its information technology leadership.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.95%	-1.02%	-3.74%	-17.79%	-38.59%	-39.18%

Jubilant FoodWorks Limited has detailed the Tax Deducted at Source (TDS) requirements for a recommended dividend of ₹1.20 per share for the financial year ended March 31, 2026. The Board recommended this dividend, amounting to 60% of the face value of ₹2 per share, at a meeting on May 20, 2026. The dividend is subject to approval by shareholders at the forthcoming Annual General Meeting and will be paid within 30 days of the meeting to those on the register of members as of Friday, July 17, 2026.

The company has outlined that TDS will be deducted in accordance with the Income Tax Act, 2025, with rates varying based on the residential status of the shareholder and the documentation provided. To ensure the appropriate tax rate is applied, shareholders must submit the necessary forms and documents to the registrar and transfer agent, MUFG Intime India Private Limited, on or before August 06, 2026. Documents received after this date or found incomplete will not be considered, and the company will not accept declarations via email.

TDS Rates for Resident Shareholders

For resident shareholders, the TDS rate is determined by the availability and status of the Permanent Account Number (PAN). The company will verify the PAN-Aadhaar linkage status using a government-enabled online facility.

TDS Rate	Category and Documentation
10%	Resident shareholder with a valid PAN on company records.
20%	Resident shareholder without a PAN, with an invalid PAN, or with an inoperative PAN (including unlinked Aadhaar).
Nil	Individual shareholders if total dividend does not exceed ₹10,000, or if Form 121 is furnished. Also applies to specified entities like Mutual Funds, Insurance companies, AIFs, NPS Trust, and Government bodies upon submission of valid self-declarations and PAN copies.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders, including Foreign Portfolio Investors (FPIs), are subject to a base TDS rate of 20% plus applicable surcharge and cess. However, lower rates may apply if valid certificates or treaty benefits are claimed.

TDS Rate	Category and Documentation
20% + surcharge + cess	All non-resident shareholders, including FPIs.
Lower/Nil rate	As per a certificate from the Income Tax Department under Section 395(1), valid for Tax Year 2026-27.
Treaty rate	As per the tax treaty between India and the shareholder's country of residence, subject to furnishing Tax Residency Certificate (TRC), Form 41, PAN, and a self-declaration of no Permanent Establishment in India.

Shareholders holding shares under multiple accounts with different statuses but a single PAN should note that the highest applicable tax rate will be considered for their entire holding. The company will email soft copies of TDS certificates to registered email IDs in due course. Investors are advised to consult their own tax advisors regarding specific implications.