Jubilant FoodWorks sets TDS rules for ₹1.20 FY26 dividend
Jubilant FoodWorks Limited has communicated the Tax Deducted at Source (TDS) guidelines for the recommended dividend of ₹1.20 per share for FY26. The dividend, pending shareholder approval, will be paid to members on the register as of July 17, 2026. TDS rates vary by residency and documentation, with a deadline of August 06, 2026, for submissions to the registrar.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Jubilant FoodWorks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | -0.62% | -3.35% | -17.46% | -38.34% | -38.93% |
How might the strict TDS documentation requirements impact foreign investor sentiment towards Jubilant FoodWorks?
Could the dividend payout ratio of 60% affect the company's ability to fund expansion or debt repayment in FY2027?
What are the potential market reactions if the dividend is not approved at the upcoming Annual General Meeting?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
