Kalyani Steels Limited has established Friday, July 31, 2026, as the record date and the final deadline for shareholders to submit tax-related documents to ensure the correct Tax Deduction at Source (TDS) is applied on the recommended dividend of ₹10 per share. The Board of Directors recommended this final dividend, amounting to 200% on equity shares of ₹5 each for the Financial Year 2025-26, during its meeting on May 8, 2026. Shareholders must update their bank account details, PAN, and residential status with their depository participants or the Registrar and Transfer Agent, MUFG Intime India Private Limited, to facilitate electronic payments and comply with the Income Tax Act, 2025. Failure to provide complete documentation by the deadline will result in the application of the highest applicable TDS rate.

The company has scheduled its 53rd Annual General Meeting (AGM) for Thursday, August 27, 2026, at 11:00 a.m. IST via Video Conferencing. If approved, the dividend will be paid electronically on or before Friday, September 4, 2026. The company mandates that all dividends be paid exclusively through electronic means, eliminating physical warrants.

TDS Provisions for Resident Shareholders

For resident individuals, TDS will be deducted at 10% if a valid PAN is registered under Section 393(1) read with 393(4) of the Act. The rate increases to 20% under Section 397(2) if the PAN is invalid, not linked with Aadhaar, or unavailable. No tax will be deducted if the total dividend income during the Tax Year 2026-27 does not exceed ₹10,000, or if the shareholder submits Form 121 or an exemption certificate. Resident non-individual entities such as insurance companies, mutual funds, Alternative Investment Funds (AIFs), and New Pension System (NPS) trusts must submit specific self-declarations and registration copies to claim nil TDS.

Compliance for Non-Resident Shareholders

Non-resident shareholders face a withholding tax rate of 20% plus surcharge and cess under Section 393(2) of the Act. To claim benefits under Double Tax Avoidance Agreements (DTAA), shareholders must submit a self-attested copy of their Tax Residency Certificate (TRC) for the year 2026-27, a declaration in Form 41, and a self-declaration meeting treaty eligibility requirements. For shareholders holding shares through intermediaries, a declaration under Rule 203 must be shared within two days from the record date. The company reserves the right to apply beneficial treaty rates only upon satisfactory review of submitted documents.

Key Deadlines and Submission Process

Shareholders must submit all required forms and documents via the RTA's website or via email to tdsforms@kalyanisteels.com by Friday, July 31, 2026. Requests for updates in PAN or Residential Status will not be accepted after the Record Date. Shareholders can view their tax credit in Form 168 on the TRACES portal.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE907A01026/0ab1adc191224b32.pdf

Kalyani Steels Limited has fixed Friday, July 31, 2026 as the record date to determine shareholder eligibility for a dividend of ₹10 per equity share. The payout, amounting to 200% of the face value of ₹5 per share, is contingent upon approval by members at the company's 53rd Annual General Meeting scheduled for Thursday, August 27, 2026. If sanctioned, the dividend will be disbursed on or before Friday, September 4, 2026.

The declaration was made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company specified that there is no book closure period associated with this corporate action.

Shareholders holding shares in dematerialized form will receive the dividend based on beneficial ownership data provided by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as of the close of business hours on July 31, 2026. For those holding shares in physical form, the payment will be processed after accounting for valid share transmission or transposition requests lodged with the company or its Registrar and Transfer Agents as of the same date.

Key Details